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Launched

Pathfinder Disciplined US Equity ETF

PFDENasdaqB

$28.38−0.12 (−0.44%)

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

B61/ 100

Rank 42 of 127 in US Active Equity

B61/100Rank 42 of 127inUS Active Equity
Intraday session: down, 19 prints from 28.50 to 28.38. Range 28.28 to 28.45. Use the arrow keys to read each point.28.3028.3528.4510 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$172M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
89
Avg volume · 30D
0M sh
NAV per share
$28.65
52W range
low $22.76high $30.09
Launched

The ETF.net PFDE Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
US Active Equity⁠
Rank
42 of 127
Six-pillar profile for PFDE. Scores out of 100: Cost 60, Risk 49, Mission not scored, Tradability 77, Holdings 64, Durability 50. Strongest: Tradability (77). Weakest: Risk (49). Based on 5 of 6 pillars.

Score 61 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.
    B60 out of 100
    Rank 49 of 127

  • 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.
    C49 out of 100
    Rank 71 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 21 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 52 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 127

Our read on PFDE

ETF.net Research

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

  1. 01At 0.59%, it comes in under the typical actively managed US equity fund, so the active bet starts from a lower cost hurdle.
  2. 02Risk 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.
  3. 03A plain 1940 Act equity fund, actively managed and US-only: no index to drift from, no exotic wrapper to explain at tax time.
  4. 04Arriving 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

  1. 01Systematic 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%.
  2. 02It launched on the last day of 2025, so risk and behavior readings rest on a brief history rather than a full market cycle.
  3. 03Small, not one of the heavily traded names in its category, and distributions arrive only once or twice a year rather than monthly.

PFDE Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
89
Top-10 weight
43%
Largest holding
NVDA10.0%

Geography

  • United States99.28%
  • Singapore0.72%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp10.04%76,005$17M847
002AAPLApple Inc6.66%33,463$11M715
003AMZNAmazon.com Inc5.26%34,698$9M736
004MSFTMicrosoft Corp4.88%15,433$8M815
005MUMicron Technology Inc3.20%5,542$5M679
006GOOGLAlphabet Inc3.09%15,011$5M709
007AVGOBroadcom Inc2.63%12,682$4M754
008MAMastercard Inc2.50%7,188$4M526
009JNJJohnson & Johnson2.32%15,066$4M528
010GOOGAlphabet Inc2.32%11,381$4M478
011CCitigroup Inc2.12%27,574$4M408
012MRKMerck & Co Inc2.01%23,695$3M515
013AMDAdvanced Micro Devices Inc1.91%5,516$3M635
014ABBVAbbVie Inc1.68%10,211$3M522
015BKNGBooking Holdings Inc1.62%17,513$3M433

Showing 1–15 of 89 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$11,470
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. PFDE $11,470. SPY $11,500. Use the arrow keys to read each point.$9,010$10,429$11,849Dec 2025May 2026Oct 2026

Dec 31, 2025 – 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 PFDE. Periods over one year show the average yearly return.
PeriodPFDE
Year to date+14.7%
1 month+0.7%
3 months+1.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper 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 PFDE
YearReturn barPFDE
2026 YTD+14.7%

PFDE in the news

Filtered to PFDE · US Active Equity

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

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.

PFDE Cost

Expense ratio0.59%
  • The middle half of US Active Equity funds
  • Median 0.70%

49 of the 123 US Active Equity funds charge less.

PFDE costs $59.00 a year on $10,000. The median US Active Equity fund costs $70.00.

Other funds in US Active Equity

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