FLDZ vs TSSD

FLDZBTrueShares Patriot Defense ETF

TSSDCTruth Social American Security & Defense ETF

In short

FLDZ A defense-stock ETF with an unusual arrangement: the adviser's management fee, less fund expenses, goes to the Folds of Honor Foundation. Launched in 2021 as a patriot-themed core equity fund, it now runs an active, concentrated book of aerospace and defense names.

TSSD Defense investing with a brand on the box. TSSD is Trump Media's Truth.Fi entry into the sector, tracking a MarketVector index of US national defense and cyber security companies built on an America-first rulebook.

Stated mandate

FLDZ The Fund seeks capital growth.

TSSD The Fund seeks to track, before fees and expenses, the performance of the MarketVectorTM American Security & Defense Index.

Why people hold it

• FLDZ The adviser's management fee, less fund operating expenses, goes to Folds of Honor, a charity funding scholarships for families of fallen or disabled service members and first responders.true-shares.comtrue-shares.com 2
• Charges 0.40% a year, below the median for its actively managed US stock peers. The charitable angle does not arrive with a premium price tag attached.
• The mandate is spelled out: at least 80% of net assets in aerospace and defense companies as classified by GICS, with a policy of concentrating in that industry. No guessing what you own.sec.gov

• TSSD The mandate is written down: it tracks the MarketVector American Security & Defense Index, a US defense and cyber security basket reviewed on a set semi-annual schedule.marketvector.com
• Wider lens than classic aerospace-and-defense sleeves such as XAR and ITA: the index reaches into cyber security alongside the traditional hardware names.marketvector.com
• Plain plumbing. A 1940 Act equity fund following a published index, not a derivatives package you need a decoder ring to read.

Worth knowing

• FLDZ The strategy was rewritten in 2026 from broad US-economy equities to defense companies, so the fund's older track record reflects a different portfolio.sec.govsec.gov 2
• Non-diversified and concentrated in one industry, so a single contract award or budget headline moves it more than it would a broad market fund.sec.gov
• A small fund that trades thinly, so bid-ask spreads tend to run wider than on heavily traded ETFs. Limit orders matter more here.

• TSSD At 0.65% a year it runs above the defense cohort's 0.50% median and well above the big trackers (XAR at 0.35%, ITA at 0.37%).
• A December 2025 launch, still small and lightly traded, so spreads can run wider than the category's heavyweights. Limit orders are the usual answer.
• The branding is part of the product: it comes from Trump Media's Truth.Fi line via sponsor Yorkville America Equities, so news about the parent company travels with the fund.sec.gov

Full FLDZ profile⁠

Full TSSD profile⁠