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Launched

Pathfinder Disciplined US Equity ETF

PFDENasdaqPathfinderB

$26.67−0.26 (−0.98%)

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

B58/ 100

Rank 49 of 126 in US Active Equity

B58/100Rank 49 of 126inUS Active Equity
Intraday session: down, 79 prints from 26.93 to 26.67. Range 26.67 to 27.19. Use the arrow keys to read each point.26.8027.0027.1027.2010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$166M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
86
Avg volume · 30D
23.4K sh
52W range
low $22.76high $30.09
Launched

The ETF.net PFDE Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
US Active Equity⁠
Rank
49 of 126
Six-pillar profile for PFDE. Scores out of 100: Cost 57, Risk 44, Mission not scored, Tradability 77, Holdings 62, Durability 50. Strongest: Tradability (77). Weakest: Risk (44). Based on 5 of 6 pillars.

Score 58 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.
    B57 out of 100
    Rank 52 of 126

  • 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.
    C44 out of 100
    Rank 78 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 24 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 58 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 71 of 126

Our read on PFDE

ETF.net Research

In short

BA US stock fund run on a risk budget: how much risk each factor, sector and stock is allowed to consume gets capped first, and the stock picking happens inside those limits. It opened at the end of 2025, so the record is still short.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and normally invests at least 80% of net assets in equity securities of companies listed on a U.S. exchange, using factor-, sector-, and stock-level risk budgeting.

Why people hold it

  • At 0.59%, it comes in under the typical actively managed US equity fund, so the active bet starts from a lower cost hurdle.
  • Risk budgets at the factor, sector and stock level decide how much risk any position may consume. At least 80% of net assets stays in US exchange-listed equities.
  • A plain 1940 Act equity fund, actively managed and US-only: no index to drift from, no exotic wrapper to explain at tax time.
  • Arriving late into a crowded active US equity field, it still lands in the upper half of that peer group on cost, trading and portfolio construction.

Worth knowing

  • Systematic rivals do factor-aware US equity for a fraction of the fee: DFAU at 0.12%, AVLC at 0.15%, DFAC at 0.17%, DYNF at 0.26%.
  • It launched on the last day of 2025, so risk and behavior readings rest on a brief history rather than a full market cycle.
  • Small, not one of the heavily traded names in its category, and distributions arrive only once or twice a year rather than monthly.

PFDE Holdings

Holdings pillarB62 out of 100Rank 58 of 124 in US Active Equity
Asset class
Stocks
Holdings
86
Top-10 weight
43%
Largest holding
NVDA9.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NVDANVIDIA Corp9.41%76,610$15.5M847
2AAPLApple Inc7.06%34,343$11.6M723
3AMZNAmazon.com Inc5.32%35,610$8.75M736
4MSFTMicrosoft Corp4.88%15,849$8.04M821
5MAMastercard Inc2.95%7,380$4.86M535
6MUMicron Technology Inc2.88%5,686$4.74M684
7GOOGLAlphabet Inc2.61%15,411$4.3M703
8AVGOBroadcom Inc2.55%13,018$4.19M749
9JNJJohnson & Johnson2.54%15,466$4.18M526
10GOOGAlphabet Inc2.30%13,612$3.78M478
11MRKMerck & Co Inc2.19%24,319$3.61M513
12CCitigroup Inc2.12%28,310$3.48M409
13ABBVAbbVie Inc1.84%10,483$3.03M519
14CVXChevron Corp1.70%12,300$2.8M501
15BKNGBooking Holdings Inc1.68%17,977$2.76M430

Showing 1–15 of 86 holdings

PFDE Performance

Launched Dec 30, 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.
PFDE$10,731
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. PFDE $10,731. SPY $11,115. Use the arrow keys to read each point.$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 PFDE. Periods over one year show the average yearly return.
PeriodPFDE
Year to date+7.3%
1 month−6.1%
3 months−4.1%
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 PFDE
YearReturn barPFDE
2026 YTD+7.3%

PFDE in the news

PFDE Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 30, 2026 $0.03; Jun 29, 2026 $0.02; Sep 28, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 29, 2026$0.02
Jun 29, 2026Jun 30, 2026$0.02
Mar 30, 2026Mar 31, 2026$0.03

PFDE Risk

Risk pillarC44 out of 100Rank 78 of 126 in US Active Equity
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.
1.14
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.

PFDE Cost

Compare PFDE and TACU

Overpaying vs TACU, cheapest in US Active Equity

$11,635

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

  • PFDE 0.59%

    $11,635

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • PFDE 0.59%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PFDE $11,635TACU $0

Year by year

YearPFDETACUOverpaying
10$1,058$0$1,058
20$4,051$0$4,051
30$11,635$0$11,635

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