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SQS

GradeCNASDAQ Global Select

Sapient Quality Select ETF

Active Equity · Sapient · Inception 2026-03-13

$28.08−0.35 (−1.23%)

As of Sep 23, 2026, 2:04 PM EDT

History starts Mar 16, 2026.History starts Mar 16, 2026.
Intraday session: down, 6 prints from 28.43 to 28.08. Range 28.03 to 28.39. Use the arrow keys to read each point.$28.00$28.20$28.30$28.4010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$1.4B
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$28.39
52W range
low $23.53high $29.05

The ETF.net SQS Grade

C

48/ 100

Rank 3 of 5 in Global Active Quality / Moat⁠

Confidence Low

Six-pillar profile for SQS. Scores out of 100: Cost 30, Risk 71, Mission not scored, Tradability 65, Holdings 36, Durability 70. Strongest: Risk (71). Weakest: Cost (30). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 30
    Category rank4/5 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank1/5 · top 20%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank2/5 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank5/5 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 70
    Category rank1/5 · top 20%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SQS

ETF.net Research

CA boutique manager's concentrated take on global quality and growth, in an ETF wrapper. Actively picked, non-diversified, no index to hide behind, and it showed up with multi-billion-dollar size for a 2026 debut.

Stated mandate

The Fund seeks long-term total return. It is actively managed and invests in companies that the sub-adviser believes have quality and growth characteristics across sectors and geographies.

Why people hold it

  1. 01Genuinely active: the sub-adviser buys companies it judges to have quality and growth traits across sectors and geographies, US and overseas, rather than tracking a global index.sec.gov
  2. 02Non-diversified by design, so high-conviction names can carry real weight instead of being diluted across thousands of tickers.etfarchitect.com
  3. 03Rare for a 2026 launch: it is already a multi-billion-dollar fund, and it sits in the upper half of its global active-equity peer group.

Worth knowing

  1. 010.80% a year, above the 0.69% median for its peer group and many times what index-built global rivals like GSWO (0.15%) or AVGE (0.25%) charge.
  2. 02Trades lightly for its size, so bid/ask spreads can run wider than on household-name global funds.
  3. 03Live since March 2026, so the track record is short, and a concentrated book means single names move the ride more.etfarchitect.com

SQS Holdings

As of Sep 20, 2026, 10:13 AM
Asset class
Stocks
Holdings
—
Top-10 weight
56%
Largest holding
NVDA9.8%

Geography

  • United States93.54%
  • Denmark2.55%
  • Taiwan (Province of China)2.44%
  • Korea (the Republic of)1.47%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp9.84%617,358$137M828
002AAPLApple Inc7.71%320,148$108M707
003GOOGLAlphabet Inc7.66%305,686$107M704
004MSFTMicrosoft Corp5.47%154,433$76M792
005AMZNAmazon.com Inc5.40%296,676$75M720
006LLYEli Lilly & Co4.81%58,141$67M569
007MUMicron Technology Inc4.28%58,787$60M655
008VSTVistra Corp3.97%394,437$55M336
009AVGOBroadcom Inc3.90%152,554$54M732
010JPMJPMORGAN CHASE & CO.3.32%132,360$46M478
011METAMeta Platforms Inc2.88%60,311$40M683
012GEVGE Vernova Inc2.67%39,634$37M473
013PANWPalo Alto Networks Inc2.55%97,841$36M486
014ASNDAscendis Pharma A/S2.52%148,391$35M83
015VRTVertiv Holdings Co2.48%138,452$35M384

Showing 1–15 of 37 holdings

SQS Performance

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

SQS$10,218
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. SQS $10,218. SPY $10,415. Use the arrow keys to read each point.$9,553$10,034$10,516Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 SQS. Periods over one year show the average yearly return.
PeriodSQS
Year to dateFund launched this year—
1 month+1.0%
3 months+2.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 SQS
YearReturn barSQS
2026 YTD+12.3%

History from Mar 16, 2026

SQS in the news

ETF.net Research hasn’t filed on SQS yet — coverage lands here as it’s written.

SQS 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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Mar 2026. No distributions yet.

SQS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; 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 Mar 2026; 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 Mar 2026; 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.

SQS Cost

Expense ratio0.80%
  • The middle half of Global Active Quality / Moat funds
  • Median 0.75%

3 of the 5 Global Active Quality / Moat funds charge less.

SQS costs $80.00 a year on $10,000. The median Global Active Quality / Moat fund costs $75.00.