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Launched · SEC filings

Founder-Led ETF

FDRSNasdaqCorgi FundsD

$24.07−0.13 (−0.54%)

At close: Nov 2, 2026, 4:00 PM ET

D39/ 100

Rank 17 of 22 in US Thematic

D39/100Rank 17 of 22inUS Thematic
Intraday session: down, 77 prints from 24.20 to 24.07. Range 24.07 to 24.62. Use the arrow keys to read each point.24.3024.4024.5024.6010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$8M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
51
Avg volume · 30D
71.9K sh
52W range
low $19.37high $26.91
Launched
Filings
SEC EDGAR

The ETF.net FDRS Grade

Based on 5 of 6 pillars

D

Score 39 out of 100

Category
US Thematic⁠
Rank
17 of 22
Six-pillar profile for FDRS. Scores out of 100: Cost 40, Risk 25, Mission not scored, Tradability 53, Holdings 32, Durability 54. Strongest: Durability (54). Weakest: Risk (25). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 13 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 19 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 10 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 19 of 22

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 11 of 22

Our read on FDRS

ETF.net Research

In short

DMost index funds screen for numbers. FDRS screens for a person: 50 U.S.-listed companies where an original founder still holds a C-suite seat. A governance trait, turned into an index rule.

Stated mandate

The fund uses a founder-led equity strategy focused on U.S.-listed companies where an original founder remains in a senior executive role.

Why people hold it

  • The rule is a person, not a slogan: at least one original founder still serving as CEO, President, CTO or CFO. Founder skin in the game, written into the methodology.sec.gov
  • Rules-based and passive. Corgi Strategies sets the criteria, Solactive AG calculates the index, and the fund replicates or samples it. No stock-picker's hunches.sec.gov
  • Fifty founder-run names in one ticker, a theme most investors otherwise have to assemble one stock at a time.sec.gov

Worth knowing

  • At 0.49% it runs above the typical index-tracking peer, and many times what plain-vanilla trackers like SCHK (0.03%) or SPYV (0.04%) charge.
  • Fifty stocks is concentrated. One company's stumble lands harder here than it would inside a broad-market index.sec.gov
  • Young fund, young index: it launched in late 2025 with a small asset base, so there's little live track record to judge it on.

FDRS Performance

Launched Dec 29, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FDRS$9,853
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,115
Dec 31, 2025 to Nov 2, 2026. FDRS $9,853. SPY $11,115. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDRS. Periods over one year show the average yearly return.
PeriodFDRS
Year to date−1.5%
1 month−8.0%
3 months+7.8%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDRS
YearReturn barFDRS
2026 YTD−1.5%
2025−1.1%

History from Dec 30, 2025

FDRS in the news

FDRS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

FDRS Risk

Risk pillarD25 out of 100Rank 19 of 22 in US Thematic
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.37
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDRS Cost

Compare FDRS and LRND

Overpaying vs LRND, cheapest in US Thematic

$6,860

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDRS 0.49%

    $9,792

  • LRND 0.14% Cheapest

    $2,932

$10,000
30 years

Cost over time

  • FDRS 0.49%
  • LRND 0.14%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FDRS $9,792LRND $2,932

Year by year

YearFDRSLRNDOverpaying
10$883$256$627
20$3,394$1,000$2,394
30$9,792$2,932$6,860

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