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Launched · SEC filings

CoreValues America First Technology ETF

USMDNYSE ArcaD

$32.740.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

D26/ 100

Rank 22 of 22 in US Thematic

D26/100Rank 22 of 22inUS Thematic
Intraday session: flat, 1 prints from 32.74 to 32.74. Range 32.74 to 32.74. Use the arrow keys to read each point.32.0032.5033.5010 AM12 PM2 PM4 PM
Expense ratio
0.87%
Fund size
$0M
1Y total return
—
Yield · Last 12 months
—
Holdings
121
Avg volume · 30D
0M sh
NAV per share
$33.27
52W range
low $23.22high $33.90
Launched
Filings
SEC EDGAR

The ETF.net USMD Grade

Based on 5 of 6 pillars

D

Score 26 out of 100

Category
US Thematic⁠
Rank
22 of 22
Six-pillar profile for USMD. Scores out of 100: Cost 0, Risk 52, Mission not scored, Tradability 37, Holdings 54, Durability 28. Strongest: Holdings (54). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
27
This cap took
−0
Published Score
26 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 22 of 22

  • 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.
    C52 out of 100
    Rank 12 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 15 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 12 of 22

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D28 out of 100
    Rank 15 of 22

Our read on USMD

ETF.net Research

DOne of the newest names in US thematic tech: USMD tracks Solactive's America First Technology Index for an all-domestic technology sleeve, with long-term capital appreciation, not income, as the stated goal.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Rules first, hunches second: it follows a published Solactive index, so the selection logic is written down before the trades happen.
  2. 02Geography is unambiguous. A US equity mandate keeps the theme home, rather than blending domestic and overseas tech under one label.
  3. 03Plain-vanilla fund plumbing: a 1940 Act ETF, so you get standard 1099 reporting instead of partnership paperwork.

Worth knowing

  1. 01Fee is the headline trade-off: 0.87% a year, while thematic-tech neighbors like LRND (0.14%) and TECB (0.30%) charge a fraction of that.
  2. 02It opened in 2026, so there is no multi-year record yet, and small, thinly traded funds tend to carry wider bid-ask spreads.
  3. 03Growth mandate, not a paycheck: the prospectus objective is capital appreciation, and income is not part of the design.

USMD Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
121
Top-10 weight
47%
Largest holding
PLTR6.2%

Geography

  • United States97.23%
  • Singapore1.68%
  • Netherlands0.69%
  • United Kingdom0.33%
  • China0.03%
  • Israel0.02%
  • Taiwan (Province of China)0.02%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PLTRPalantir Technologies Inc6.22%0$21K525
002TSLATesla Inc5.64%0$19K521
003AMDAdvanced Micro Devices Inc5.30%0$18K635
004MSFTMicrosoft Corp5.15%0$17K815
005GOOGLAlphabet Inc4.65%0$15K709
006AMZNAmazon.com Inc4.58%0$15K736
007NVDANVIDIA Corp4.41%0$15K847
008INTCIntel Corp3.90%0$13K511
009AVGOBroadcom Inc3.70%0$12K754
010PANWPalo Alto Networks Inc3.02%0$10K501
011TXNTexas Instruments Inc2.81%0$9K503
012MUMicron Technology Inc2.78%0$9K679
013IBMInternational Business Machines Corp2.73%0$9K427
014GEVGE Vernova Inc2.72%0$9K484
015MRVLMarvell Technology Inc2.65%0$9K470

Showing 1–15 of 121 holdings

USMD Performance

Launched Feb 6, 2026

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.
USMD$10,440
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. USMD $10,440. SPY $10,332. Use the arrow keys to read each point.$8,800$9,850$10,901Jul 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 USMD. Periods over one year show the average yearly return.
PeriodUSMD
Year to dateFund launched this year—
1 month+4.4%
3 months+4.4%
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 USMD
YearReturn barUSMD
2026 YTD+29.7%

Since listing, Feb 6, 2026

USMD in the news

Filtered to USMD · US Thematic

USMD 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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

USMD Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 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 Feb 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 Feb 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.
1.72
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.

USMD Cost

Expense ratio0.87%
  • The middle half of US Thematic funds
  • Median 0.35%

Every other US Thematic fund charges less.

USMD costs $87.00 a year on $10,000. The median US Thematic fund costs $35.00.

Other funds in US Thematic

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