FDRS
Founder-Led ETF
The Founder-Led ETF seeks to invest in publicly traded companies that are led by their founders, aiming to capitalize on the unique advantages and innovations that founder-led businesses often provide.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 7.7 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Dec 29, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 11.0 % |
| AMAZON.COM INC | 9.6 % |
| NVIDIA CORP | 9.3 % |
| META PLATFORMS INC | 8.6 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 5.5 % |
| SPACE EXPLORATION TECHNOLOGIES | 4.3 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 3.4 % |
| ORACLE CORP | 3.3 % |
| SHOPIFY, INC. CLASS A | 2.5 % |
| SALESFORCE.COM INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 438 |
| Wgt avg mkt cap (mns) | $1,162,160 |
| Large cap (>$10bn) | 91.3% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.3 % |
 |
CANADA | 3.2 % |
 |
CAYMAN ISLANDS | 0.6 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.3% | -- | -- | -- | -- | -- | -- | 3.9% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 5.3% | -- | -- | -- | -- | -- | -- | 3.9% | Ann. Volatility | 29.0% | -- | -- | -- | -- | -- | -- | 28.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 42 |
| ADV traded (mns) | $1 |
| Turnover | 12.4% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $25.19 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.31/-0.15 |
| Bollinger Bands (Upper/Lower) | $26.93/$23.75 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDRS |
Expenses vs. FDRS |
ALTAR Score™ vs. FDRS |
|---|---|---|---|---|
| FFF | Founders 100 ETF | 55.1% | +26 bp | -0.3% |
| OWN | Inside Ownership 100 ETF | 51.0% | 0 bp | +1.0% |
| ARKW | ARK Next Generation Internet ETF | 40.3% | +27 bp | -3.1% |
| SFYF | SoFi Social 50 ETF | 38.8% | -20 bp | -1.7% |
| FAI | First Trust Bloomberg Artificial Intelligence ETF | 36.3% | +17 bp | +2.3% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 35.7% | +26 bp | -0.2% |
| FDG | American Century Focused Dynamic Growth ETF | 35.5% | -4 bp | -0.6% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 33.8% | -1 bp | +1.4% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 33.6% | +26 bp | +0.9% |
| FDN | First Trust Dow Jones Internet Index Fund | 33.6% | 0 bp | +1.2% |
Risk and Returns: FDRS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.3%
ALTAR SCORE™
13rd
PERCENTILE
AVOID
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. FDRS's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places FDRS in the 13rd percentile
among funds in the category.
Sell-Side Consensus
$32.18
PRICE TARGET
+41.2%
UPSIDE