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Launched · SEC filings

Pathfinder Focused Opportunities ETF

PFOENasdaqC

$22.48−0.08 (−0.35%)

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

C50/ 100

Rank 22 of 44 in Global Active Equity

C50/100Rank 22 of 44inGlobal Active Equity
Intraday session: down, 22 prints from 22.55 to 22.48. Range 22.44 to 22.55. Use the arrow keys to read each point.22.4522.5022.5210 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$90M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
24
Avg volume · 30D
0M sh
NAV per share
$22.66
52W range
low $21.49high $26.34
Launched
Filings
SEC EDGAR

The ETF.net PFOE Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Global Active Equity⁠
Rank
22 of 44
Six-pillar profile for PFOE. Scores out of 100: Cost 60, Risk 11, Mission not scored, Tradability 73, Holdings 45, Durability 52. Strongest: Tradability (73). Weakest: Risk (11). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C 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 18 of 44

  • 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.
    F11 out of 100
    Rank 40 of 42

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 7 of 44

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C45 out of 100
    Rank 27 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 26 of 44

Our read on PFOE

ETF.net Research

CConcentration is the whole idea: 15 to 30 US stocks the adviser judges high quality with long growth runways, at 0.59% a year. A late-2025 launch whose outcome rides on individual picks rather than index exposure.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and normally invests in 15–30 equity securities of companies the Adviser considers high quality with significant long-term growth potential.

Why people hold it

  1. 01Actually concentrated. The mandate is normally 15 to 30 US equities, so each holding carries real weight instead of being diluted into a quasi-index.
  2. 02At 0.59% a year it sits below the median fee for active US equity ETFs, which is not typical for a small, high-conviction shop.
  3. 03The advertised screen leans on growth, profitability and quality: compounders with long runways, not bargain-bin turnarounds.
  4. 04Trades moderately rather than thinly, which is worth something in a fund still building its asset base.

Worth knowing

  1. 01A 15 to 30 stock book cuts both ways. One holding's bad quarter lands on the whole portfolio with nothing to cushion it.
  2. 02Launched at the end of 2025 with no index behind it, so there is little history and no benchmark rulebook to check the manager against.
  3. 03Systematic rivals cost far less (DFAU at 0.12%, AVLC at 0.15%). The 0.59% here buys human stock selection, not plain market exposure.

PFOE Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
24
Top-10 weight
55%
Largest holding
TSM7.1%

Geography

  • United States63.50%
  • Taiwan (Province of China)7.13%
  • Netherlands6.54%
  • Uruguay5.88%
  • Sweden5.09%
  • Brazil4.48%
  • France3.93%
  • Canada3.46%

Developed 52% · Emerging 48% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTaiwan Semiconductor Manufacturing Co Ltd7.12%14,345$6M277
002ASMLASML Holding NV6.53%3,339$6M203
003LLYEli Lilly & Co5.91%4,473$5M583
004MELIMercadoLibre Inc5.87%2,779$5M222
005GOOGAlphabet Inc5.09%13,054$5M478
006NOWServiceNow Inc5.08%32,395$5M432
007SPOTSpotify Technology SA5.08%8,594$5M183
008WDAYWorkday Inc4.92%23,415$4M394
009IDXXIDEXX Laboratories Inc4.88%8,346$4M355
010ISRGIntuitive Surgical Inc4.84%10,141$4M410
011NUNU Holdings Ltd/Cayman Islands4.47%250,239$4M156
012UNHUnitedHealth Group Inc4.39%10,395$4M481
013PWRQuanta Services Inc4.21%5,430$4M363
014UBERUber Technologies Inc4.05%50,734$4M424
015AVGOBroadcom Inc3.98%10,043$4M754

Showing 1–15 of 24 holdings

PFOE 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.
PFOE$9,075
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. PFOE $9,075. SPY $11,500. Use the arrow keys to read each point.$8,410$10,077$11,744Dec 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 PFOE. Periods over one year show the average yearly return.
PeriodPFOE
Year to date−9.3%
1 month+0.6%
3 months−2.5%
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 PFOE
YearReturn barPFOE
2026 YTD−9.3%

PFOE in the news

Filtered to PFOE · Global Active Equity

PFOE Dividends

Last payment
$0.01 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 $0.01; Jun 29, 2026 $0.04; Sep 28, 2026 $0.01. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 29, 2026$0.01
Jun 29, 2026Jun 30, 2026$0.04
Mar 30, 2026Mar 31, 2026$0.01

PFOE 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.
0.80
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.

PFOE Cost

Expense ratio0.59%
  • The middle half of Global Active Equity funds
  • Median 0.69%

17 of the 44 Global Active Equity funds charge less.

PFOE costs $59.00 a year on $10,000. The median Global Active Equity fund costs $69.00.

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