ETF overview
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.
Fund facts
- Expense ratio
- 0.65%
- Fund assets
- 258.8M USD (all share classes)
- Issuer
- Nomura
- Inception date
- Nov 30, 2018
- Number of holdings
- 26
Breakdown
Holdings (26)
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP COMMON STOCK | NVDA | 9.39% |
| ADVANCED MICRO DEVICES | AMD | 7.42% |
| SEAGATE TECHNOLOGY | STX | 6.28% |
| TAIWAN SEMICONDUCTOR | TSM | 6.12% |
| LAM RESEARCH CORP COMMON | LRCX | 5.03% |
| ASML HOLDING NV NY REG | ASML | 4.68% |
| TEXAS INSTRUMENTS INC | TXN | 4.01% |
| MICROSOFT CORP COMMON | MSFT | 3.98% |
| BROADCOM INC COMMON STOCK | AVGO | 3.79% |
| MERCADOLIBRE INC COMMON | MELI | 3.54% |
| and 13 more | ||
Similar ETFs
- Baron Technology ETFBCTK · Overlap 46% · Expense ratio 0.75%
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETFFAI · Overlap 43% · Expense ratio 0.65%
- VanEck Semiconductor ETFSMH · Overlap 43% · Expense ratio 0.35%
- Alger AI Enablers & Adopters ETFALAI · Overlap 42% · Expense ratio 0.58%
- T. Rowe Price Technology ETFTTEQ · Overlap 42% · Expense ratio 0.63%
- AOT Growth and Innovation ETFAOTG · Overlap 42% · Expense ratio 0.75%
- Touchstone Sands Capital US Select Growth ETFTSEL · Overlap 42% · Expense ratio 0.96%
- The RBB Fund Trust - Twin Oak Active Opportunities III ETFTOAO · Overlap 41% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.

Nomura Transformational Technologies ETF (FRWD)
- Expense ratio
- 0.65%
- Fund assets
- 258.8M USD (all share classes)
- Issuer
- Nomura
- Inception date
- Nov 30, 2018
- Number of holdings
- 26
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP COMMON STOCK | NVDA | 9.39% |
| ADVANCED MICRO DEVICES | AMD | 7.42% |
| SEAGATE TECHNOLOGY | STX | 6.28% |
| TAIWAN SEMICONDUCTOR | TSM | 6.12% |
| LAM RESEARCH CORP COMMON | LRCX | 5.03% |
| ASML HOLDING NV NY REG | ASML | 4.68% |
| TEXAS INSTRUMENTS INC | TXN | 4.01% |
| MICROSOFT CORP COMMON | MSFT | 3.98% |
| BROADCOM INC COMMON STOCK | AVGO | 3.79% |
| MERCADOLIBRE INC COMMON | MELI | 3.54% |
| and 13 more | ||
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.
- Baron Technology ETFBCTK · Overlap 46% · Expense ratio 0.75%
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETFFAI · Overlap 43% · Expense ratio 0.65%
- VanEck Semiconductor ETFSMH · Overlap 43% · Expense ratio 0.35%
- Alger AI Enablers & Adopters ETFALAI · Overlap 42% · Expense ratio 0.58%
- T. Rowe Price Technology ETFTTEQ · Overlap 42% · Expense ratio 0.63%
- AOT Growth and Innovation ETFAOTG · Overlap 42% · Expense ratio 0.75%
- Touchstone Sands Capital US Select Growth ETFTSEL · Overlap 42% · Expense ratio 0.96%
- The RBB Fund Trust - Twin Oak Active Opportunities III ETFTOAO · Overlap 41% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
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