FLDZ
RiverNorth Patriot ETF
FLDZ is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation.
US
EQUITY
Active
MANAGEMENT STYLE
4.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Truemark Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 31, 2021 |
| Assets (mns) | $4 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | None |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CASH & OTHER | 1.6 % |
| CARVANA CO. CLASS A | 0.7 % |
| HIMS & HERS HEALTH, INC. CLASS A | 0.6 % |
| WINGSTOP, INC. | 0.6 % |
| COMFORT SYSTEMS USA INC | 0.6 % |
| NRG ENERGY INC | 0.6 % |
| CAPITAL ONE FINANCIAL CORP | 0.6 % |
| EMCOR GROUP INC | 0.6 % |
| CONSTELLATION ENERGY CORPORATION | 0.5 % |
| VISTRA ENERGY CORP. | 0.5 % |
Constituent Breakdown
| Number of holdings | 313 |
| Herfindahl-Hirschman Index | 37 |
| Wgt avg mkt cap (mns) | $28,767 |
| Large cap (>$10bn) | 62.0% |
| Mid cap ($2-10bn) | 33.7% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 97.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.4 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.0% | 6.5% | 16.3% | 12.8% | -- | -- | -- | 4.8% |
| Dividend Yield | 0.0% | 1.2% | 1.5% | 1.5% | -- | -- | -- | 1.1% |
| Total Returns | 8.0% | 7.7% | 17.8% | 14.4% | -- | -- | -- | 5.9% | Ann. Volatility | 17.9% | 17.0% | 15.6% | 16.2% | -- | -- | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 72% |
| MSCI EAFE | 0.68 | 42% |
| MSCI Emg Mkts | 0.41 | 18% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.52% |
Technical Indicators
| Recent close | $29.88 |
| 30d moving avg. | $29.62 |
| Annualized volatility | 15.8% |
| Relative strength (RSI) | 52 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 34.5% | -51 bp | +8.1% |
| JPUS | JPMorgan Diversified Return U.S. Equity ETF | 34.3% | -57 bp | +7.7% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 33.0% | -33 bp | +6.2% |
| DEUS | Xtrackers Russell US Multifactor ETF | 30.9% | -58 bp | +6.8% |
| AVMC | Avantis U.S. Mid Cap Equity ETF | 30.5% | -57 bp | +6.8% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 30.4% | -68 bp | +5.6% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 29.8% | -55 bp | +7.0% |
| IWR | iShares Russell Midcap ETF | 29.4% | -56 bp | +6.1% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 29.1% | -40 bp | +5.9% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 29.0% | -55 bp | +8.1% |
Risk and Returns: FLDZ 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 10/27/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FLDZ
6.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. FLDZ's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FLDZ in the 60th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLDZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| FLDZ (75 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLDZ | 75.0 | 52.4 | 127.4 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .