FWD
AB Disruptors ETF
FWD is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 2.9 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Mar 22, 2023 |
| Regulation | |
| 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
| NVIDIA CORP | 3.4 % |
| MICROSOFT CORP | 3.3 % |
| BROADCOM INC. | 2.5 % |
| AMAZON.COM INC | 2.0 % |
| META PLATFORMS INC | 1.9 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 1.8 % |
| ADVANCED MICRO DEVICES | 1.7 % |
| ELI LILLY & CO | 1.7 % |
| ALPHABET INC. CLASS A | 1.7 % |
| SPACE EXPLORATION TECHNOLOGIES | 1.6 % |
Constituent Breakdown
| Number of holdings | 131 |
| Herfindahl-Hirschman Index | 117 |
| Wgt avg mkt cap (mns) | $724,194 |
| Large cap (>$10bn) | 93.1% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.2% |
| Emerging mkts. | 7.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 71.6 % |
 |
TAIWAN | 3.9 % |
 |
JAPAN | 2.6 % |
 |
BRITAIN | 2.3 % |
 |
SWITZERLAND | 2.1 % |
 |
NETHERLANDS | 1.9 % |
 |
IRELAND | 1.8 % |
 |
CANADA | 1.7 % |
 |
FRANCE | 1.7 % |
 |
GERMANY | 1.6 % |
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 | 26.1% | 30.1% | 29.6% | 34.8% | -- | -- | -- | 31.8% |
| Dividend Yield | 0.0% | 0.1% | 1.2% | 0.8% | -- | -- | -- | 0.7% |
| Total Returns | 26.1% | 30.2% | 30.9% | 35.7% | -- | -- | -- | 32.5% | Ann. Volatility | 31.2% | 29.8% | 29.2% | 26.9% | -- | -- | -- | 25.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.93 | 70% |
| MSCI EAFE | 1.38 | 54% |
| MSCI Emg Mkts | 1.04 | 79% |
Liquidity Measures
| Avg. volume (000) | 156 |
| ADV traded (mns) | $17 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $125.59 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -2.96/-2.22 |
| Bollinger Bands (Upper/Lower) | $135.33/$115.01 |
| Short interest (% of AUM) | 0.1% |
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. FWD |
Expenses vs. FWD |
ALTAR Score™ vs. FWD |
|---|---|---|---|---|
| QQQM | Invesco NASDAQ 100 ETF | 37.4% | -50 bp | +1.9% |
| QQQ | Invesco QQQ Trust Series I | 37.4% | -47 bp | +1.9% |
| QQWZ | Pacer Cash COWZ 100-Nasdaq100 Rotator ETF | 36.9% | -16 bp | +1.5% |
| JTEK | JPMorgan U.S. Tech Leaders ETF | 36.6% | 0 bp | -1.8% |
| QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | 35.6% | -55 bp | +1.8% |
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 35.5% | +35 bp | -1.0% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 35.3% | -45 bp | +2.1% |
| IQQ | iShares Nasdaq 100 ETF | 35.1% | -53 bp | +1.9% |
| XXQQ | Subversive Growth 100 Redacted ETF | 35.1% | -10 bp | +1.6% |
| BGRO | iShares Large Cap Growth Active ETF | 34.9% | -10 bp | +0.4% |
Risk and Returns: FWD 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™
28th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. FWD's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places FWD in the 28th percentile
among funds in the category.
Sell-Side Consensus
$152.37
PRICE TARGET
+40.8%
UPSIDE