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
$ 92.9 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 +
| META PLATFORMS INC | 11.2 % |
| NVIDIA CORP | 9.8 % |
| TESLA MOTORS INC | 9.7 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 5.6 % |
| ORACLE CORP | 4.2 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.9 % |
| ARISTA NETWORKS, INC. | 3.6 % |
| SHOPIFY, INC. CLASS A | 2.9 % |
| DELL TECHNOLOGIES INC CLASS C | 2.7 % |
| BLACKROCK INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 479 |
| Wgt avg mkt cap (mns) | $867,356 |
| Large cap (>$10bn) | 97.3% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 0.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.1 % |
 |
CANADA | 3.7 % |
 |
CAYMAN ISLANDS | 1.0 % |
 |
NETHERLANDS | 0.8 % |
 |
SOUTH KOREA | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.7% | -- | -- | -- | -- | -- | -- | -6.0% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -4.7% | -- | -- | -- | -- | -- | -- | -6.0% | Ann. Volatility | 29.4% | -- | -- | -- | -- | -- | -- | 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) | 28 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| 30d moving avg. (EMA) | $23.38 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.10/0.00 |
| Bollinger Bands (Upper/Lower) | $24.41/$22.17 |
| Short interest (% of AUM) | 0.0% |
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 | 66.4% | +26 bp | +0.1% |
| ARKW | ARK Next Generation Internet ETF | 33.1% | +38 bp | -1.6% |
| FDN | First Trust Dow Jones Internet Index Fund | 32.4% | +3 bp | +0.6% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 32.3% | +26 bp | +0.4% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 32.3% | +19 bp | +1.7% |
| XDAT | Franklin Exponential Data ETF | 31.5% | +1 bp | -1.2% |
| SFYF | SoFi Social 50 ETF | 31.1% | -20 bp | -1.6% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 30.4% | -1 bp | +0.6% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 30.3% | +10 bp | +0.4% |
| IETC | iShares U.S. Tech Independence Focused ETF | 30.2% | -31 bp | +1.1% |
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 7/17/2026
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
3.1%
ALTAR SCORE™
14th
PERCENTILE
AVOID
ETFRC RATING
There are 1,401 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. FDRS's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places FDRS in the 14th percentile
among funds in the category.
Sell-Side Consensus
$29.27
PRICE TARGET
+25.1%
UPSIDE