FRWD Nomura Transformational Technologies ETF
FRWD is a concentrated fund that invests in companies driven by technological innovation and transformation. Such companies typically gain a competitive advantage from innovation, benefit materially from technological developments, or use technology as a catalyst to scale and enhance their business models. The fund generally holds 20 to 40 stocks with strong earnings growth potential. Stock selection is guided by a combination of secular trend analysis and bottom-up fundamental research. The fund manager evaluates companies based on factors including earnings and growth prospects, management quality, valuation, financial strength, industry positioning, market opportunity, and barriers to entry. The fund may invest in companies of any size across global markets, including emerging markets, either directly or through ADRs. Positions are sold when valuations, growth prospects, or underlying fundamentals deteriorate.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| FRWD | -11.7% | -14.5% | +14.1% | +14.1% | +4.5% | +2.7% |
| Equity average (4725 funds) | -2.2% | +2.5% | +85.7% | +59908.1% | +13.6% | +2.3% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$53K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR | 5.80% | $905K | $0 |
Holdings · as of Oct 29, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | NVDA NVIDIA CORP COMMON STOCK | 9.59% |
| 2 | AMD ADVANCED MICRO DEVICES | 6.90% |
| 3 | STX SEAGATE TECHNOLOGY | 6.61% |
| 4 | MSFT MICROSOFT CORP COMMON | 5.87% |
| 5 | TSM TAIWAN SEMICONDUCTOR | 5.80% |
| 6 | AMZN AMAZON.COM INC COMMON | 4.89% |
| 7 | LRCX LAM RESEARCH CORP COMMON | 4.45% |
| 8 | ASML ASML HOLDING NV NY REG | 4.40% |
| 9 | 005930.KS SAMSUNG ELECTRONICS CO | 3.96% |
| 10 | AVGO BROADCOM INC COMMON STOCK | 3.96% |
| 11 | WDC WESTERN DIGITAL CORP | 3.92% |
| 12 | TXN TEXAS INSTRUMENTS INC | 3.87% |
| 13 | MU MICRON TECHNOLOGY INC | 3.84% |
| 14 | MELI MERCADOLIBRE INC COMMON | 3.06% |
| 15 | U UNITY SOFTWARE INC COMMON | 2.96% |
| 16 | DASH DOORDASH INC COMMON STOCK | 2.93% |
| 17 | KTOS KRATOS DEFENSE & SECURITY | 2.91% |
| 18 | CLS.TO CELESTICA INC COMMON | 2.67% |
| 19 | SPCX SPACE EXPLORATION | 2.67% |
| 20 | NOW SERVICENOW INC COMMON | 2.42% |
| 21 | 639.DE SPOTIFY TECHNOLOGY SA | 2.36% |
| 22 | SHOP.TO SHOPIFY INC COMMON STOCK | 2.31% |
| 23 | BKNG BOOKING HOLDINGS INC | 2.25% |
| 24 | AGPXX INVESCO GOVERNMENT & | 1.95% |
| 25 | META META PLATFORMS INC COMMON | 1.66% |
| 26 | GOOGL ALPHABET INC-CL A - | 1.10% |
| 27 | CDNS CADENCE DESIGN SYSTEMS | 0.69% |
| 28 | FRWD US DOLLAR | 0.01% |
Sector breakdown
Country breakdown
Distributions
No distributions on file.
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in FRWD in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error