At a glance
DYTA charges 1.32% a year, above the 0.86% average of the 7 funds most like it (the most expensive of 8). It has $108.0M in assets, the 8th largest of that group; it paid 1.53% of its price in distributions over the past 12 months, annual. Over the past year it returned +8.9% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds; over three years it returned +13.9% a year.
The short version
SGI Dynamic Tactical ETF (DYTA) is an actively managed fund of funds. It owns other ETFs and mutual funds rather than individual stocks, and its adviser, Summit Global Investments, can move into bond, commodity or money market funds when it sees weakness in stocks. Its largest holding is the adviser's own SGI US Large Cap Core Equity ETF. At 1.32% a year, it costs far more than a typical index fund.
Price history
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DYTA +8.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DYTA official prospectus, to Dec 31, 2024 | — | +13.27% | — | — | — | +12.85% |
| Indexsgilgdynpro2 index, same period | — | +25.02% | — | — | — | +25.86% |
| 75% S&P 500 TR/25% Bloomberg Aggregate Bond (reflects reinvestment of dividends and no deductions for fees, expenses or taxes) index, same period | — | +18.71% | — | — | — | +19.69% |
| DYTA price data to Oct 27, 2026 | +7.6% | +8.9% | +13.9% | — | — | +10.3% |
- Over the year to Oct 27, 2026, DYTA returned +8.9%, 8th of 8 among similar funds.
- Its worst full calendar year was 2025 (+7.0%); its best was 2024 (+13.6%).
- The deepest fall in its price history was 9.4% (Dec 4, 2024 to Apr 8, 2025), recovered by Oct 6, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +7.7% | — |
| 2025 | +7.0% | — |
| 2024 | +13.6% | +13.27% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.4800 | -84.0% |
| 2024 | $3.0000 |
What's inside
As of Aug 31, 2026, the fund held 8 securities; the ten largest made up 65.47% of assets, and 55.27% sat in cash and money-market holdings.
| Fund held | Weight | |
|---|---|---|
| SGI US Large Cap Core Equity ETF | 20.94% | |
| Vanguard Information Technology ETF | 10.05% | |
| iShares MSCI USA Momentum Factor ETF | 9.13% | |
| iShares Core S&P Mid-Cap ETF | 8.54% | |
| iShares U.S. Real Estate ETF | 7.98% | |
| Vanguard Total International Stock ETF | 3.10% | |
| Schwab International Equity ETF | 2.87% | |
| iShares MSCI ACWI ex U.S. ETF | 2.87% |
By country
United States 65.47%By asset type
Stocks 65.47%What changed recently
- Over the three months to Aug 31, 2026, investors added a net $5.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.06%, -1.63%, +1.30%.
How it works
DYTA does not track an index. Summit Global Investments picks a mix of its own and outside ETFs and mutual funds, which the prospectus calls "underlying funds." It uses fundamental research and its own quantitative models to choose them. In normal markets, the fund aims to capture the full gains of stocks. When its models flag weakness, it can rotate into investment-grade or high-yield ("junk") bond funds, commodities, precious metals or money market funds. There are no set limits on any one fund or asset class, so the portfolio can be concentrated.
As of August 31, 2026, its eight holdings were all stock funds. The largest were SGI US Large Cap Core Equity ETF (20.9%), Vanguard Information Technology ETF (10.1%), iShares MSCI USA Momentum Factor ETF (9.1%), iShares Core S&P Mid-Cap ETF (8.5%) and iShares U.S. Real Estate ETF (8.0%). Turnover was 108%, which is high. Frequent trading can raise costs and taxable gains.
DYTA is a semi-transparent ETF. It doesn't publish its exact holdings every day. Instead, it publishes a "Portfolio Reference Basket" that holds the same securities at different weights. At the start of each trading day, the basket must overlap the real portfolio by at least 90%, and the fund also discloses the largest possible gap for any single position (the "Guardrail Amount").
What it really costs
- DYTA charges 1.32% a year, versus an average of 0.86% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.95% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $134 in the first year and $1,590 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DYTA | $134 | $418 | $723 | $1,590 |
Structure and tax notes
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
In a retirement portfolio
It has a short record, makes tactical bets set by one manager, carries a high fee and puts much of its money in the adviser's own fund, so it fits better as a smaller slice than as a foundation.
DYTA launched on March 30, 2023, so it has no record in the 2008 crisis, the 2020 COVID crash or the 2022 bear market. Its deepest drop was 9.4%, from December 4, 2024 to April 8, 2025. It was back to its earlier high by October 6, 2025, about six months later. Its weakest calendar year, 2025, still gained about 7%. That record has not been tested by a long bear market, so a retiree who needs to sell shares in a bad year can't tell how well its defensive moves would hold up. The yield was 1.53% as of October 27, 2026, paid once a year. In the SEC's standard example, $10,000 invested would cost $134 in the first year and $1,590 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a manager to shift between stock, bond, commodity and money market funds based on market signals, rather than holding a fixed mix.
- Those who value its milder swings so far: 11.1% three-year volatility and a deepest drop of 9.4% since its March 2023 launch.
- People who want large-cap, tech, momentum, mid-cap, real estate and international stock funds in one ticker and accept a 1.32% expense ratio.
Look elsewhere if
- Cost-conscious investors: the 1.32% expense ratio is above the 0.79% to 0.95% charged by the buffer ETFs it is compared with.
- Anyone who wants a long record. DYTA launched in March 2023 and has not been through a major bear market.
- Investors who want full daily holdings disclosure, or who would rather avoid the adviser's own funds. SGI's large-cap ETF made up 20.9% of assets.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| DYTA this fund | 1.32% | $108.0M | +8.9% | +13.9% |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
Is DYTA good for retirement?
It could play a supporting role, but its record is short. DYTA launched in March 2023 and has never been through a major bear market. Its deepest drop was 9.4%, and it recovered in about six months, by October 2025. It pays a small yearly dividend, with a 1.32% expense ratio. Retirees may find it more useful as a smaller tactical slice than as a main holding.
What does DYTA invest in?
DYTA invests in other funds, not individual stocks. As of August 31, 2026, its eight holdings were all stock funds. The largest was SGI US Large Cap Core Equity ETF at 20.9%, followed by Vanguard Information Technology ETF, iShares MSCI USA Momentum Factor ETF, iShares Core S&P Mid-Cap ETF and iShares U.S. Real Estate ETF. Three international stock funds came to about 3% each. The adviser can also move into bond, commodity or money market funds.
Does DYTA pay a dividend?
Yes, but it pays only once a year and the payout is small. Over the 12 months to October 27, 2026, it paid $0.48 per share, a yield of 1.53%. The payout comes from the funds it holds, so it can change from year to year. Because the fund's goal is long-term growth, not income, it isn't built to provide regular cash flow.
How has DYTA performed against its benchmark?
It lagged its blended benchmark in its first full calendar year. According to the prospectus, DYTA returned 13.27% in 2024. A mix of 75% S&P 500 and 25% Bloomberg Aggregate Bond returned 18.71%. From launch through December 31, 2024, the fund averaged 12.85% a year, against 19.69% for that mix. Based on price, it returned 8.9% over one year and 13.9% a year over three years as of October 27, 2026.
DYTA vs BUFR: what's the difference?
They use different strategies, so BUFR isn't a close match. BUFR, the FT Vest Laddered Buffer ETF, is a buffer fund. It uses options to soften losses and caps how much it can gain. DYTA held no derivatives as of August 31, 2026. Instead, it shifts between stock, bond and other funds. BUFR costs 0.95%, compared with 1.32% for DYTA. As of October 27, 2026, BUFR returned 11.6% over one year, against 8.9% for DYTA.