For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
SASS — M.D. Sass Concentrated Value ETF
SASS is M.D. Sass’s concentrated U.S. value sleeve—a high-conviction book of about 20–25 large and mid-cap names sourced from Russell 1000/3000 Value, emphasizing misunderstood or out-of-favor situations.
SASS price history
Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.
Strategy
SASS is stock-picking, not factor beta: the team hunts corporate events, sum-of-the-parts discounts, and balance-sheet repair stories inside a tight 20–25 name sleeve—position sizes and overlap with passive value ETFs will be low.
As a young, concentrated ETF, bid/ask spreads and premium/discount to NAV can widen during stress. Monthly holdings downloads are the most current picture of positioning.
Manager and Issuer Pedigree
M.D. Sass has operated as an independent New York value shop for decades—culture is Graham-and-Dodd security analysis with institutional client roots rather than ETF-first marketing.
Regulatory AUM is mid-market versus mega complexes; that keeps incentives aligned with concentrated performance but means operational resources are leaner—verify Form ADV for personnel and assets before allocating meaningful capital.
Outperformance
Outperforms when catalysts reprice misunderstood franchises: spin-offs close, capital returns accelerate, or complex structures simplify while fundamentals stay intact.
Underperforms when one broken thesis can swamp a quarter; favorable tape is high dispersion value with functioning credit markets, not passive factor drift.
Similar ETFs
Official ETF page
Read the official ETF page for current NAV, holdings, and documents: M.D. Sass Concentrated Value ETF.