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Launched · SEC filings

Nomura Transformational Technologies ETF

FRWDNasdaqB

$32.19−0.24 (−0.74%)

At close: Oct 13, 2026, 4:00 PM

B60/ 100

Rank 10 of 31 in Disruptive Innovation

B60/100Rank 10 of 31inDisruptive Innovation
Intraday session: down, 31 prints from 32.44 to 32.19. Range 31.73 to 32.19. Use the arrow keys to read each point.31.8032.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$280M
1Y total return
—
Yield · Last 12 months
—
Holdings
27
Avg volume · 30D
0.1M sh
NAV per share
$32.93
52W range
low $21.57high $34.75
Launched
Filings
SEC EDGAR

The ETF.net FRWD Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
Disruptive Innovation⁠
Rank
10 of 31
Six-pillar profile for FRWD. Scores out of 100: Cost 55, Risk 64, Mission not scored, Tradability 83, Holdings 38, Durability 62. Strongest: Tradability (83). Weakest: Holdings (38). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B 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.
    B55 out of 100
    Rank 12 of 31

  • 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.
    B64 out of 100
    Rank 8 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 3 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 23 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 11 of 31

FRWD Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
27
Top-10 weight
55%
Largest holding
NVDA9.3%

Sectors

  • Technology76.1%
  • Consumer Discretionary8.6%
  • Communication8.2%
  • Industrials5.6%
  • Financials1.5%

Geography

  • United States66.96%
  • Singapore6.69%
  • Taiwan (Province of China)6.17%
  • Canada5.79%
  • Netherlands4.72%
  • Korea (the Republic of)4.14%
  • Uruguay3.38%
  • Sweden2.15%

Developed 59% · Emerging 41% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp Common Stock9.32%113,704$26M847
002AMDAdvanced Micro Devices7.54%34,711$21M635
003STXSeagate Technology6.69%23,898$19M431
004TSMTaiwan Semiconductor6.17%38,112$17M277
005LRCXLam Research Corp Common5.43%47,673$15M606
006ASMLAsml Holding NV Ny Reg4.72%7,424$13M203
007005930.KSSamsung Electronics Co4.14%59,302$12M176
008TXNTexas Instruments Inc3.83%37,762$11M503
009AVGOBroadcom Inc Common Stock3.74%28,929$10M754
010MSFTMicrosoft Corp Common3.71%19,412$10M815
011WDCWestern Digital Corp3.42%24,093$10M479
012MELIMercadolibre Inc Common3.38%5,010$9M222
013GOOGLAlphabet Inc-Cl A -3.34%26,566$9M709
014MUMicron Technology Inc3.22%8,768$9M679
015UUnity Software Inc Common3.19%190,266$9M140

Showing 1–15 of 27 holdings

FRWD Performance

Launched Nov 30, 2018

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.Not enough history yet.
FRWD$9,955
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FRWD $9,955. SPY $10,332. Use the arrow keys to read each point.$8,778$9,650$10,522Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 FRWD. Periods over one year show the average yearly return.
PeriodFRWD
Year to dateHistory unavailable—
1 month+2.3%
3 months−0.4%
1 yearHistory unavailable—
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 FRWD
YearReturn barFRWD
2026 YTD+30.2%

History from Jan 13, 2026

FRWD in the news

Filtered to FRWD · Disruptive Innovation

FRWD Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

FRWD Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
—
No data available
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.
2.11
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.

FRWD Cost

Expense ratio0.65%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

11 of the 31 Disruptive Innovation funds charge less.

FRWD costs $65.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.

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