DANA

Dana Limited Volatility ETF

Investment Objective

The Dana Limited Volatility ETF (the “Fund”) seeks to preserve capital and provide current income.

DANA

The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to preserve capital while generating current income by investing primarily in high-quality, cash flow–producing fixed income securities.

Fund Details

Name	Value
Fund Inception	12/2/2025
Ticker	DANA
Primary Exchange	NYSE Arca
CUSIP	88634W306
Expense Ratio	0.35%
30 Day SEC Yield* As of	-

*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.

Fund Data and Pricing

Name	Value
Net Assets	$0.63m
NAV	$25.09
Shares Outstanding	25,000
Premium/Discount Percentage	0.24%
Closing Price	$25.16
Median 30 Day Spread*	0.04%

As of 12/4/2025

*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fundu2019s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance

As of 11/30/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Dana Limited Volatility ETF	DANA MKT	-	-	-	-	-	-	-	-	-	-
Dana Limited Volatility ETF	DANA NAV	-	-	-	-	-	-	-	-	-	-

As of 9/30/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Dana Limited Volatility ETF	DANA MKT	-	-	-	-	-	-	-	-	-	-
Dana Limited Volatility ETF	DANA NAV	-	-	-	-	-	-	-	-	-	-

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (866) 991-5811 or visit our website at WWW.DANAETFS.COM

Short term performance, in particular, is not a good indication of the funds future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each shares portion of the funds underlying assets and cash at the end of the trading day.

Top 10 Holdings

As of 12/5/2025

Holdings are subject to change without notice.

Date	Account	StockTicker	CUSIP	Name	Shares	Price	Market Value	Weightings	NetAssets	SharesOutstanding	CreationUnits
12/05/2025	DANA	Cash&Other	Cash&Other	Cash & Other	265014	1	265013.73	42.24%	627360	25000	1
12/05/2025	DANA	3128Q2FR9	3128Q2FR9	Freddie Mac Non Gold Pool 6.334% 08/01/2035	123668	103.179811	127600.2	20.34%	627360	25000	1
12/05/2025	DANA	83164LXB2	83164LXB2	Small Business Administration Pools 4.7% 05/25/2040	100000	100.471747	100471.75	16.02%	627360	25000	1
12/05/2025	DANA	38376RQ33	38376RQ33	Government National Mortgage Association 4.87039% 06/20/2066	47193	100.24114	47306.93	7.54%	627360	25000	1
12/05/2025	DANA	31349SVS9	31349SVS9	Freddie Mac Non Gold Pool 6.423% 05/01/2034	17798	102.938729	18321.41	2.92%	627360	25000	1
12/05/2025	DANA	31396L4T4	31396L4T4	FNMA REMIC TRUST 2006-118 2.56999% 12/25/2036	15376	98.27752	15110.82	2.41%	627360	25000	1
12/05/2025	DANA	3128S4YN1	3128S4YN1	Freddie Mac Non Gold Pool 6.422% 06/01/2037	13622	102.384894	13946.68	2.22%	627360	25000	1
12/05/2025	DANA	38376RLJ3	38376RLJ3	Government National Mortgage Association 4.82039% 10/20/2065	13669	100.17852	13693.45	2.18%	627360	25000	1
12/05/2025	DANA	3137FKHX7	3137FKHX7	Freddie Mac REMICS 4.6065% 12/15/2048	9406	97.61554	9181.56	1.46%	627360	25000	1
12/05/2025	DANA	3128HVRX9	3128HVRX9	FHLMC PC 0.46188% 07/01/2036	7320	99.04218	7249.48	1.16%	627360	25000	1
12/05/2025	DANA	3137A8NM6	3137A8NM6	Freddie Mac REMICS 4.6465% 03/15/2041	6592	99.44554	6555.87	1.04%	627360	25000	1
12/05/2025	DANA	31396XPX6	31396XPX6	Fannie Mae REMICS 4.63628% 09/25/2037	3731	99.51712	3713.32	0.59%	627360	25000	1
12/05/2025	DANA	31396KF23	31396KF23	Fannie Mae REMICS 4.60628% 09/25/2036	1627	99.34651	1616.08	0.26%	627360	25000	1

Fund Documents

Purchase

The Fund (DANA) is available through various channels including via phone (866) 991-5811, broker-dealers, investment advisers, and other financial services firms, including: