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

75 bp

EXPENSES

$3.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorTruemark Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 31, 2021
Assets (mns)$4
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsNone
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SIRIUS XM HOLDINGS INC 0.5 %
RIVIAN AUTOMOTIVE INC-A 0.5 %
INTUIT INC 0.5 %
MCKESSON CORP 0.5 %
ULTA BEAUTY INC 0.5 %
TARGET CORP 0.5 %
CONSTELLATION ENERGY CORPORATION 0.5 %
REPUBLIC SERVICES INC 0.5 %
LUCID GROUP, INC. 0.5 %
ENERGY TRANSFER, L.P. 0.4 %
Constituent Breakdown
Number of holdings302
Herfindahl-Hirschman Index 35
Wgt avg mkt cap (mns)$27,805
Large cap (>$10bn)62.0%
Mid cap ($2-10bn)36.7%
Small cap (<$2bn)1.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.8 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 0.6% 8.1% 9.2% -- -- -- 1.9%
Volatility 11.8% 13.1% 17.3% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9387%
MSCI EAFE0.8978%
MSCI Emg Mkts0.6340%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.25%
ADV of underlying (mns)$110,102
Technical Indicators
Recent close$26.13
30d moving avg.$26.00
Annualized volatility18.9%
Relative strength (RSI)52
Short interest (ETF)0.2%
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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Risk and Returns: FLDZ vs. Comps (1 YR)

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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 --%
1.3 14.9 2.1 2.3% --
Based on closing prices from 7/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FLDZ

5.7%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.7%
Recommendation

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.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. FLDZ's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places FLDZ in the 49th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FLDZ
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .