FFND vs TAOZ: Grades, Fees and Holdings Compared

One Global ETF

FFNDCNYSE Arca

Thornburg American Opportunities Fund

TAOZCNasdaq

Overlap

10.7%by weight

Expense ratio

TAOZ −0.19pt a year

FFND0.98%TAOZ0.79%

Avg volume · 30D

FFND 5.3×the volume

FFND8.76KTAOZ1.64K

FFND vs TAOZ Performance

Jul 31, 2026 – Oct 30, 2026

−3.0%FFND+0.8%TAOZ

Expense ratio: FFND 0.98%; TAOZ 0.79%, better
Fund size: FFND $94M; TAOZ $488M
1Y total return: FFND +4.8%; TAOZ No data
Yield (12M): FFND 0.62%; TAOZ No data
Holdings: FFND 83; TAOZ 44
Avg volume (30D): FFND 8.76K sh, better; TAOZ 1.64K sh
NAV per share: FFND $31.49; TAOZ $89.43
52W range

ETF.net Grade

Pillar letters and Scores for FFND, TAOZ, with each pillar’s weight
Pillar	FFND	TAOZ
Cost30% weight	F7	C42Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B56	A88Higher
Tradability15% weight	B67Higher	C44
Holdings10% weight	A74Higher	C45
Durability5% weight	C52	B59Higher

Rank among Global Active Growth funds

How we build Categories ›

Same Category. FFND and TAOZ are both graded against the same 8 Global Active Growth funds, so their Grades compare head to head.

Global Active Growth⁠

Category · 8 funds

See all 8 ›

TAOZ ranks 3rd and FFND 6th of 8 funds in the Global Active Growth Category.

Rank 1ACGGOCapital Group Global Growth Equity ETFScore 72
Rank 2BWLTGWealthTrust DBS Long Term Growth ETFScore 56
Rank 3CTAOZThornburg American Opportunities FundScore 53
Rank 4CBGGGBaillie Gifford Long Term Global Growth ETFScore 50
Rank 5CTMFGMotley Fool Global Opportunities ETFScore 42
Rank 6CFFNDOne Global ETFScore 40
Rank 7FRWRainwater Equity ETFScore 22
GAIQNot yet graded

Our read on each fund

ETF.net Research

FFNDCOne Global ETF

TAOZCThornburg American Opportunities Fund

In short

FFND An active global stock picker with a lever most equity ETFs lack: short positions, used to hedge or pursue returns in falling markets. Roughly 90 holdings, a 0.98% expense ratio, and a 2025 overhaul that renamed it and widened the map.

TAOZ No data

Stated mandate

FFND The Fund seeks capital appreciation through active investing. Its strategy may include short positions in equity securities for hedging or to pursue returns in declining markets.

TAOZ No data

Why people hold it

FFND Its prospectus allows short positions in equities, for hedging or to capture returns in down markets. That is a tool most long-only global growth funds simply do not carry.futurefundetf.com
A compact, high-conviction book of roughly 90 stocks, so individual picks carry real weight instead of being diluted across hundreds of names.
The 2025 rework was substantive, not cosmetic: new name, broadened strategy, a new primary benchmark, and a lowered advisory fee with breakpoints that step down as assets grow.sec.gov sec.gov 2

TAOZ No data

Worth knowing

FFND At 0.98%, the expense ratio sits above the category median for global growth funds, where cheaper active options exist (CGGO charges 0.47%).
Thinly traded. Bid-ask spreads can run wider than on heavily traded funds, so the mechanics of getting in and out matter more here.
Shorting cuts both ways: the prospectus notes a short position loses value when the shorted stock's price rises, which can offset gains on the long side.futurefundetf.com

TAOZ No data

Full FFND profile⁠

Full TAOZ profile⁠

FFND vs TAOZ Holdings

How FFND and TAOZ differ

Overlap by weight

10.7%

Shared holdings make up 19.0% of TAOZ and 10.7% of FFND.

Level by level

Holdings5 in both10.7%
Sector11 Sectors75.1%
Countryby domicile77.6%
Asset classEquity100%

Sector

Sector weights in FFND and TAOZ, widest gap first
Sector	More in FFNDMore in TAOZ	FFND	TAOZ
Technology	FFND +9.9 points	32.4%	22.5%
Industrials	FFND +9.1 points	14.7%	5.6%
Financials	TAOZ +8.3 points	12.4%	20.7%
Communication	TAOZ +7.5 points	5.2%	12.7%
Health Care	FFND +3.4 points	14.0%	10.6%
Consumer Discretionary	TAOZ +2.9 points	10.0%	12.9%
Energy	TAOZ +2.2 points	3.1%	5.3%
Real Estate	TAOZ +2.1 points	1.2%	3.3%
Utilities	TAOZ +1.9 points	1.9%	3.8%
Materials	FFND +1.4 points	1.4%	0.0%
Consumer Staples	FFND +1.1 points	3.7%	2.6%

Country, concentration and asset class

Country by domicile

Country weights in FFND and TAOZ, widest gap first
Country	More in FFNDMore in TAOZ	FFND	TAOZ
Canada	TAOZ +10.2 points	0.6%	10.8%
United States	FFND +7.1 points	76.4%	69.3%
United Kingdom	FFND +6.4 points	8.6%	2.2%
South Korea	TAOZ +3.8 points	0.0%	3.8%
Switzerland	FFND +2.3 points	2.3%	0.0%
France	TAOZ +2.1 points	1.6%	3.7%
Hong Kong	TAOZ +1.7 points	0.0%	1.7%
Mexico	TAOZ +1.7 points	0.9%	2.6%
Other countries (7)	FFND +3.7 points	9.5%	5.8%

Outside the US: FFND 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

FFND31.5%
TAOZ40.2%

Securities held

FFND82
TAOZ43

Asset class

FFND: Equity
TAOZ: Equity

Holdings

Only in FFND77
In both5
Only in TAOZ38

Only in FFND

77 securities, 82.9% of FFND by weight

Amazon.com Inc4.20%
NVIDIA Corp3.12%
Microsoft Corp2.94%
Halozyme Therape2.12%
Broadcom Inc2.05%
Vertex Pharm1.86%
Thermo Fisher1.48%
Embraer Sa-Adr1.46%
Bae Systems -Adr1.45%
Block Inc1.42%
JOHNSON&JOHNSON1.42%
General Dynamics1.36%
Ciena Corp1.36%
Ubs Group AG1.34%
Guardant Health1.34%
Sentinelone In-A1.33%
JPMorgan Chase1.31%
Taiwan Semic-Adr1.30%
Visa Inc-Class A1.28%
Healthequity Inc1.26%
Dominion Energy1.22%
Rolls-Royce-Adr1.19%
Sony Group-Adr1.16%
Equinix Inc1.14%
Tetra Tech Inc1.11%
Shake Shack In-A1.10%
Metlife Inc1.10%
Technipfmc PLC1.09%
Bank of America1.09%
Corning Inc1.08%
Cisco Systems1.05%
BlackRock Inc1.03%
Argenx SE - Adr1.03%
Caterpillar Inc1.00%
United Rentals0.99%
Unilever Plc-Adr0.99%
Credicorp Ltd0.97%
Edwards Life0.96%
Interdigital Inc0.95%
Chevron Corp0.94%
Shiseido Ltd-Sponsored Ad0.94%
Alibaba Grp-Adr0.93%
Bp Plc-Adr0.93%
London Stock Ex0.92%
Millicom Intl0.91%
Airbus SE - Unsp Adr0.89%
Walmart Inc0.88%
Littelfuse Inc0.88%
Everpure Inc-A0.86%
Galderma Gr-Adr0.86%

Only in TAOZ

38 securities, 80.3% of TAOZ by weight

Eli Lilly & Co.4.93%
Round One Corp.4.23%
Samsung Electronics Co. Ltd.3.81%
IQVIA Holdings, Inc.3.79%
SharkNinja, Inc.3.55%
Colliers International Group, Inc.3.41%
Constellation Software, Inc./Canada3.33%
Arca Continental S.A.B. de C.V.2.58%
Coherent Corp.2.52%
Lumine Group, Inc.2.49%
Talen Energy Corp.2.47%
Mastercard, Inc.2.45%
Netflix, Inc.2.42%
Marex Group Ltd.2.41%
LPL Financial Holdings, Inc.2.41%
Teleperformance SE2.20%
Shell plc2.18%
CCC Intelligent Solutions Holdings, Inc.2.14%
Medtronic plc2.13%
TransUnion2.09%
Uber Technologies, Inc.2.06%
Techtronic Industries Co. Ltd.1.72%
The Progressive Corp.1.69%
Booking Holdings, Inc.1.67%
Deutsche Telekom AG1.54%
Capital Power Corp.1.53%
L3Harris Technologies, Inc.1.47%
TotalEnergies SE1.46%
Adobe, Inc.1.21%
Somnigroup International, Inc.1.15%
The TJX Cos, Inc.1.08%
Capital One Financial Corp.1.08%
Raymond James Financial, Inc.1.07%
Regions Financial Corp.1.04%
Deckers Outdoor Corp.0.99%
Liberty Energy, Inc.0.92%
SLB Ltd.0.78%
Builders FirstSource, Inc.0.35%

Weight gaps

All 5 Holdings in both funds, largest gap first.

Holding weights in FFND and TAOZ, widest gap first
Holding	More in FFNDMore in TAOZ	FFND	TAOZ
Meta Platforms-AMETA	TAOZ +2.27 points	1.33%	3.60%
Schwab (Charles)SCHW	TAOZ +2.23 points	0.96%	3.19%
Alphabet Inc-AGOOGL	TAOZ +1.92 points	2.36%	4.28%
Citigroup IncC	TAOZ +1.57 points	1.10%	2.67%
Apple IncAAPL	TAOZ +0.29 points	4.95%	5.24%

All 91 FFND holdings⁠All TAOZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FFND vs TAOZ Cost

Overpaying FFND vs TAOZ

$3,188

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FFND 0.98%
$18,362
TAOZ 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

FFND 0.98%
TAOZ 0.79%
Overpaying

Year by year

Year	FFND	TAOZ	Overpaying
10	$1,729	$1,405	$324
20	$6,504	$5,331	$1,173
30	$18,362	$15,174	$3,188

Expense ratio

0.98%FFND
0.79%TAOZ, cheaper

TAOZ0.79%FFND0.98%

0.47%0.98%

Middle half of Global Active Growth funds
Median 0.79%

TAOZ 4th cheapest of 8 funds

FFND 8th cheapest of 8 funds

FFND vs TAOZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FFND 0.62%; TAOZ No data
Payout (12M): FFND $0.20; TAOZ None
Last payment: FFND $0.20; TAOZ No data
Ex-dividend: FFND Dec 26, 2025; TAOZ No data
Paid on: FFND Dec 30, 2025; TAOZ No data
Frequency: FFND Irregular; TAOZ No data

Distribution history

Per share, 2021 to 2026, same scale for both

FFNDIrregular · 2 paymentsAll FFND payments⁠

TAOZAll TAOZ payments⁠

No distribution history available.

FFND vs TAOZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FFND 14.6%TAOZ No data
Return per unit of riskSharpe ratio, 3 years: FFND 1.17TAOZ No data
Worst fallMax drawdown, 5 years: FFND −47.8%TAOZ No data
Market sensitivityBeta, 5 years: FFND 1.10TAOZ 0.96; Market = 1

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