ETFT vs FITZ

ETFTDFundsmith Equity ETF

FITZBFitz-Gerald Must Have Portfolio ETF

In short

ETFT A global quality-growth stockpicker in an ETF wrapper, live since late 2025: profitable, growing companies of any size, anywhere, with at least 80% of assets in equities.

FITZ Most quality funds hand you a rules-based moat screen. FITZ hands you one analyst's playbook: four decades of thematic research, actively managed around the structural forces reshaping the global economy.

Stated mandate

ETFT The Fund seeks long-term growth by investing globally in listed equities, with at least 80% of net assets normally in equity securities and a primary focus on common stocks of U.S. and non-U.S. companies of any size.

FITZ The Fund seeks total returns through an actively managed portfolio invested primarily in equity securities selected using the proprietary Must Have Portfolio framework. The strategy uses thematic research focused on long-term structural changes and companies with durable profit potential.

Why people hold it

• ETFT Tight, legible mandate: US and non-US common stocks of any size, chosen on growth, profitability and quality rather than index weights.
• Genuinely global and size-agnostic. No country sleeves, no market-cap box, just one portfolio of businesses.
• Aimed at long-term growth rather than income, so the work is done by the companies it owns instead of a payout schedule.

• FITZ Built on Keith Fitz-Gerald's proprietary Must Have Portfolio framework, drawn from 40-plus years of research, run as an actively managed equity fund seeking total returns.sec.gov
• Themes cut across sectors (digitalization, defense, supply-chain dislocation) instead of sorting by industry bucket, so the book can look nothing like a standard moat index.x.combusinesswire.com
• At 0.75% it sits right at the median for active global-quality funds, under Fundsmith's ETFT (1.00%) and Sapient's SQS (0.80%).
• Among the smoother-trading names in its small peer group, listed on a US exchange with a standard creation and redemption process.nasdaqtrader.com

Worth knowing

• ETFT The fee is 1.00% a year, at the pricier end of this peer group. Cheaper active global growth exists, such as CGGO at 0.47%.
• Launched in late 2025, so there is very little live record to judge, and our review currently places it in the lower half of its cohort.
• Still a small, thinly traded fund, which typically means wider bid-ask spreads than the heavily traded names in the category.

• FITZ 0.75% is well above the cheapest moat option in the group, MOTG at 0.52%, and you are paying for one manager's judgment rather than an index.
• Launched in 2026, so there is little live history behind the framework and risk measures rest on a thin record.
• Deliberately concentrated and non-diversified, so single holdings can move the fund more than in a broad index.nasdaqtrader.comx.com

Full ETFT profile⁠

Full FITZ profile⁠