FDRS
Founder-Led ETF
The Founder-Led ETF seeks to invest in publicly traded companies that are led by their founders, aiming to capitalize on the unique advantages and innovations that founder-led businesses often provide.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 66.0 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Dec 29, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 9.5 % |
| META PLATFORMS INC | 9.2 % |
| TESLA MOTORS INC | 8.6 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 7.4 % |
| ORACLE CORP | 4.7 % |
| ARISTA NETWORKS, INC. | 3.6 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.5 % |
| SHOPIFY, INC. CLASS A | 3.3 % |
| SALESFORCE.COM INC | 3.1 % |
| BLACKROCK INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 436 |
| Wgt avg mkt cap (mns) | $817,366 |
| Large cap (>$10bn) | 98.1% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.4 % |
 |
CANADA | 4.1 % |
 |
CAYMAN ISLANDS | 1.0 % |
 |
NETHERLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.8% | -- | -- | -- | -- | -- | -- | 1.4% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 2.8% | -- | -- | -- | -- | -- | -- | 1.4% | Ann. Volatility | 29.3% | -- | -- | -- | -- | -- | -- | 29.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 97 |
| ADV traded (mns) | $2 |
| Turnover | 3.7% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $23.65 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.48/0.23 |
| Bollinger Bands (Upper/Lower) | $25.59/$21.14 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDRS |
Expenses vs. FDRS |
ALTAR Score™ vs. FDRS |
|---|---|---|---|---|
| FFF | Founders 100 ETF | 67.3% | +26 bp | +0.0% |
| ARKW | ARK Next Generation Internet ETF | 33.7% | +38 bp | -1.6% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 32.8% | +19 bp | +1.6% |
| FDN | First Trust Dow Jones Internet Index Fund | 31.9% | +3 bp | +0.4% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 31.8% | +26 bp | +0.4% |
| XDAT | Franklin Exponential Data ETF | 30.9% | +1 bp | -1.2% |
| SFYF | SoFi Social 50 ETF | 30.9% | -20 bp | -1.5% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 30.5% | +10 bp | +0.6% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 29.5% | -1 bp | +0.5% |
| PJFG | PGIM Jennison Focused Growth ETF | 29.3% | +26 bp | -0.1% |
Risk and Returns: FDRS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.9%
ALTAR SCORE™
12nd
PERCENTILE
AVOID
ETFRC RATING
There are 1,408 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. FDRS's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places FDRS in the 12nd percentile
among funds in the category.
Sell-Side Consensus
$29.27
PRICE TARGET
+16.6%
UPSIDE