PFOE ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

PFOE differentiates itself through a concentrated portfolio emphasizing companies with sustainable competitive advantages and strong financial metrics, employing both quantitative and qualitative analysis to identify long-term growth opportunities.

Pathfinder Focused Opportunities ETF (PFOE) ETF — Price, Holdings & Analysis

The Pathfinder Focused Opportunities ETF (PFOE) is an actively managed equity ETF with approximately $0.07 billion in assets under management. With an expense ratio of 0.59%, PFOE focuses on high-quality U.S. equity securities, typically holding between 15 and 30 stocks. PFOE differentiates itself through a concentrated portfolio emphasizing companies with sustainable competitive advantages and strong financial metrics, employing both quantitative and qualitative analysis to identify long-term growth opportunities.

ETF Overview

PFOE is an actively managed ETF that invests in 15 to 30 US equity securities selected for their high quality and significant long-term growth potential. The fund primarily targets large-cap stocks but retains the flexibility to include smaller-cap names when compelling opportunities with sufficient liquidity arise. Companies are evaluated through a combination of quantitative and qualitative analysis, examining factors such as financial strength (returns on invested capital, free cash flow generation), competitive advantages within their industry, the effectiveness and discipline of management, and attractive valuation metrics. The fund seeks to emphasize sustainable competitive advantages and steady returns and will reduce or exit holdings where the investment thesis no longer holds or when more attractive opportunities are identified.

PFOE is an actively managed ETF that aims to deliver long-term growth by investing in a concentrated portfolio of 15 to 30 U.S. equity securities. The fund's strategy centers around identifying companies with high quality characteristics, such as strong returns on invested capital, robust free cash flow generation, and durable competitive advantages. While primarily targeting large-cap stocks, PFOE maintains the flexibility to invest in smaller-cap companies if attractive opportunities arise. The fund's investment process involves a combination of quantitative screening and qualitative analysis, assessing factors like management effectiveness, financial strength, and valuation. Top holdings include Ferrovial SE (6.01%), QXO Inc (5.91%), and Netflix Inc (5.70%). The fund will reduce or exit positions when the initial investment thesis is no longer valid or when more compelling opportunities are identified. This approach seeks to generate steady returns by focusing on companies with sustainable competitive advantages.

Risk Metrics

PFOE's concentrated portfolio of 15 to 30 holdings introduces concentration risk, as the performance of a few key stocks can significantly impact the fund's overall returns. The fund's active management style and focus on specific company characteristics, such as financial strength and competitive advantages, may lead to sector biases that could increase risk if those sectors underperform. With a 0.59% expense ratio, PFOE has a higher expense drag than some passively managed ETFs. The fund's beta is currently 0.00, indicating that it has not exhibited significant volatility relative to the market. Investors should carefully consider their risk tolerance and investment objectives before investing in PFOE, taking into account the potential for both higher returns and increased volatility associated with its concentrated and actively managed approach. Past performance does not guarantee future results.

Expense Ratio

0.59%

What does PFOE hold?

Holding	Weight
Ferrovial SE (FER.AS)	6.01%
QXO Inc (QXO)	5.91%
Netflix Inc (NFLX)	5.70%
Spotify Technology SA (SPOT)	5.32%
Eli Lilly and Co (LLY)	5.17%
Alphabet Inc Class C (GOOG)	5.07%
MercadoLibre Inc (MELI)	5.04%
ASML Holding NV ADR (ASML)	4.98%
Taiwan Semiconductor Manufacturing Co Ltd ADR (TSM)	4.97%
Uber Technologies Inc (UBER)	4.76%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is PFOE and what does it track?

The Pathfinder Focused Opportunities ETF (PFOE) is an actively managed equity ETF that invests in a concentrated portfolio of 15 to 30 U.S. equity securities.

Unlike passively managed ETFs that track a specific index, PFOE's investment decisions are driven by the fund manager's assessment of company-specific factors, such as financial strength, competitive advantages, and management effectiveness.

What is the expense ratio for PFOE?

The expense ratio for PFOE is 0.59%. This means that for every $10,000 invested in the fund, $59 is used to cover the fund's operating expenses.

While this is higher than some passively managed ETFs, it is within the range of actively managed equity ETFs.

What are the top holdings in PFOE?

As of 2026-03-15, the top holdings in PFOE include Ferrovial SE, representing 6.01% of the portfolio, QXO Inc at 5.91%, and Netflix Inc, with a 5.70% allocation.

Spotify Technology SA comprises 5.32% of the fund, while Eli Lilly and Co accounts for 5.17%. These top holdings reflect PFOE's investment strategy of focusing on high-quality companies with significant growth potential.

Is PFOE a good long-term investment?

Whether PFOE is a suitable long-term investment depends on an individual investor's goals, risk tolerance, and investment horizon.

PFOE's actively managed approach and concentrated portfolio may offer the potential for higher returns compared to passively managed ETFs, but it also carries a higher degree of risk.

How does PFOE compare to similar ETFs?

PFOE distinguishes itself from similar ETFs through its actively managed approach and concentrated portfolio of 15 to 30 holdings. Many other equity ETFs are passively managed and track a specific index, offering broader diversification but potentially lower returns.

PFOE's expense ratio of 0.59% is higher than some passively managed ETFs but is competitive with other actively managed funds.

Does PFOE pay dividends?

According to the latest available data, PFOE has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. The fund's focus is primarily on capital appreciation through stock price growth, rather than dividend income. Therefore, PFOE may not be suitable for investors who prioritize current income.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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