---
ticker: "USMD"
name: "CoreValues America First Technology ETF"
url: "https://etf.net/etf/USMD"
grade: "D"
score: 26
graded_at: "2026-10-12"
category: "US Thematic"
category_rank: "22 of 22"
methodology: "https://etf.net/methodology"
---

# USMD: CoreValues America First Technology ETF

Grade **D**, Score 26 of 100. Rank 22 of 22 in US Thematic.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 22 of 22 |
| Mission | Not scored | — |
| Risk | 52 | 12 of 22 |
| Tradability | 37 | 15 of 22 |
| Holdings | 54 | 12 of 22 |
| Durability | 28 | 15 of 22 |

## Top holdings

The fund holds 121 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PLTR | Palantir Technologies Inc | 6.22% |
| 2 | TSLA | Tesla Inc | 5.64% |
| 3 | AMD | Advanced Micro Devices Inc | 5.30% |
| 4 | MSFT | Microsoft Corp | 5.15% |
| 5 | GOOGL | Alphabet Inc | 4.65% |
| 6 | AMZN | Amazon.com Inc | 4.58% |
| 7 | NVDA | NVIDIA Corp | 4.41% |
| 8 | INTC | Intel Corp | 3.90% |
| 9 | AVGO | Broadcom Inc | 3.70% |
| 10 | PANW | Palo Alto Networks Inc | 3.02% |
| 11 | TXN | Texas Instruments Inc | 2.81% |
| 12 | MU | Micron Technology Inc | 2.78% |
| 13 | IBM | International Business Machines Corp | 2.73% |
| 14 | GEV | GE Vernova Inc | 2.72% |
| 15 | MRVL | Marvell Technology Inc | 2.65% |
| 16 | CRWD | Crowdstrike Holdings Inc | 2.48% |
| 17 | ORCL | Oracle Corp | 2.34% |
| 18 | BE | Bloom Energy Corp | 2.28% |
| 19 | QCOM | QUALCOMM Inc | 2.22% |
| 20 | RTX | RTX Corp | 2.18% |
| 21 | ADI | Analog Devices Inc | 2.08% |
| 22 | STX | Seagate Technology Holdings PLC | 1.65% |
| 23 | — | First American Government Obligations Fund 12/01/2031 | 1.58% |
| 24 | SPCX | Space Exploration Technologies Corp | 1.42% |
| 25 | BA | Boeing Co/The | 1.37% |
| 26 | NET | Cloudflare Inc | 1.19% |
| 27 | FTNT | Fortinet Inc | 1.11% |
| 28 | LMT | Lockheed Martin Corp | 1.07% |
| 29 | SNOW | Snowflake Inc | 1.00% |
| 30 | VRT | Vertiv Holdings Co | 0.95% |

Source: etf.net, https://etf.net/etf/USMD. Please cite the page URL.