Key stats
About Draco Evolution AI ETF
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Inception date
Jul 10, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Quasar Distributors LLC
ISIN
US02072L2438
DRAI aims for long-term capital appreciation by holding 10-20 ETF positions across a variety of asset classes including US equities, gold, fixed-income securities, and more. The fund uses an AI model trained on historical pricing data to predict short-term market trends and volatility, which influences 70% of its asset selections. This is complemented by a macroeconomic model analyzing data like unemployment insurance applications and interest rate spreads to inform long-term outlooks. Combined, they make up the funds proprietary AI system called the Draco Model. In bearish markets, DRAI leans towards US treasury bonds and inverse ETFs, in bullish markets, it favors US equities and leveraged ETFs. The fund continually rebalances based on daily market conditions and has mechanisms to provide downside protection but may experience increased volatility due to leveraged investments. The Funds sub-adviser has the discretion to override the AI model in extreme circumstances.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Mutual fund
Bonds, Cash & Other100.00%
ETF70.13%
Mutual fund29.82%
Cash0.05%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DRAI last dividends amounted to 0.03 USD. The quarter before, the issuer paid 0.46 USD in dividends, which shows a 1.39 K% decrease.
DRAI assets under management is 16.03 M USD. It's fallen 2.14% over the last month.
DRAI fund flows account for 5.75 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DRAI pays dividends to its holders with the dividend yield of 1.81%. The last dividend (Jun 30, 2025) amounted to 0.03 USD. The dividends are paid quarterly.
DRAI shares are issued by Empirical Finance LLC under the brand Draco. The ETF was launched on Jul 10, 2024, and its management style is Active.
DRAI expense ratio is 1.50% meaning you'd have to pay 1.50% of your investment to help manage the fund.
DRAI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DRAI invests in funds.
DRAI price has risen by 6.51% over the last month, and its yearly performance shows a 22.79% increase. See more dynamics on DRAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.81% over the last month, showed a 14.18% increase in three-month performance and has increased by 27.64% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.81% over the last month, showed a 14.18% increase in three-month performance and has increased by 27.64% in a year.
DRAI trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.