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
3.9 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 +
| CHESAPEAKE ENERGY CORP | 0.9 % |
| CARVANA CO. CLASS A | 0.5 % |
| LOWE'S COS INC | 0.5 % |
| CONSTELLATION ENERGY CORPORATION | 0.5 % |
| NVR INC | 0.5 % |
| VISTRA ENERGY CORP. | 0.5 % |
| EMCOR GROUP INC | 0.5 % |
| LIBERTY BROADBAND CORP. CLASS C | 0.5 % |
| AT&T INC | 0.5 % |
| WASTE MANAGEMENT INC | 0.5 % |
Constituent Breakdown
| Number of holdings | 308 |
| Herfindahl-Hirschman Index | 35 |
| Wgt avg mkt cap (mns) | $30,233 |
| Large cap (>$10bn) | 65.6% |
| Mid cap ($2-10bn) | 33.1% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.1% | 22.0% | 14.7% | -- | -- | -- | 5.4% | Volatility | 11.8% | 13.1% | 17.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 84% |
| MSCI EAFE | 0.90 | 76% |
| MSCI Emg Mkts | 0.63 | 39% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $55,374 |
Technical Indicators
| Recent close | $27.95 |
| 30d moving avg. | $27.30 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLDZ |
Expenses vs. FLDZ |
ALTAR Score™ vs. FLDZ |
|---|---|---|---|---|
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 36.3% | -51 bp | +2.0% |
| JPUS | JPMorgan Diversified Return U.S. Equity ETF | 35.3% | -57 bp | +1.7% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 32.9% | -33 bp | +0.7% |
| SCHM | Schwab U.S. Mid-Cap ETF | 31.4% | -71 bp | +0.6% |
| IWR | iShares Russell Midcap ETF | 30.9% | -56 bp | +0.1% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 30.9% | -55 bp | +1.4% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 30.9% | -55 bp | +1.0% |
| SFYX | SoFi Next 500 ETF | 30.8% | -75 bp | -0.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 30.7% | -16 bp | +0.2% |
| IWS | iShares Russell Mid-Cap Value ETF | 30.4% | -52 bp | +0.9% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/22/2024
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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
FLDZ
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FLDZ
5.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FLDZ's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FLDZ in the 50th 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 | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FLDZ (75 bp) Percentile rank | 60 |
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 | 25.4 | 100.4 |
| Peer Avg. | 43.0 | 19.1 | 62.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .