FFND
Future Fund Active ETF
FFND seeks long-term capital growth from an actively managed fund of US-listed stocks that benefit from emerging secular trends driven by technological, social and environmental changes.
US
EQUITY
Active
MANAGEMENT STYLE
6.7 M
ASSETS UNDER MGMT
100 bp
EXPENSES
Fund Basics
| Fund sponsor | Future Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 24, 2021 |
| Assets (mns) | $7 |
| Expense ratio | 100 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALPHABET INC. CLASS A | 8.6 % |
| NVIDIA CORP | 6.8 % |
| ELI LILLY & CO | 5.0 % |
| SALESFORCE.COM INC | 4.3 % |
| TESLA MOTORS INC | 3.6 % |
| UBER TECHNOLOGIES, INC. | 3.2 % |
| HALOZYME THERAPEUTICS INC | 3.2 % |
| NETFLIX INC | 3.1 % |
| AIRBNB, INC. CLASS A | 3.0 % |
| PALO ALTO NETWORKS INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 336 |
| Wgt avg mkt cap (mns) | $338,778 |
| Large cap (>$10bn) | 77.4% |
| Mid cap ($2-10bn) | 20.1% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 2.9% |
Country Exposure
 |
UNITED STATES | 79.6 % |
 |
BRITAIN | 2.8 % |
 |
LUXEMBOURG | 2.5 % |
 |
NETHERLANDS | 2.3 % |
 |
BRAZIL | 2.3 % |
 |
SWITZERLAND | 2.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.5% | 32.2% | 22.2% | -- | -- | -- | 1.4% | Volatility | 18.4% | 18.5% | 21.5% | 28.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.39 | 79% |
| MSCI EAFE | 1.10 | 47% |
| MSCI Emg Mkts | 0.83 | 28% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $69,157 |
Technical Indicators
| Recent close | $25.58 |
| 30d moving avg. | $26.11 |
| Annualized volatility | 27.8% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FFND |
Expenses vs. FFND |
ALTAR Score™ vs. FFND |
|---|---|---|---|---|
| RND | First Trust Bloomberg R&D Leaders ETF | 30.8% | -40 bp | +4.2% |
| XNTK | SPDR NYSE Technology ETF | 30.1% | -65 bp | +4.8% |
| AOTG | AOT Growth and Innovation ETF | 27.1% | -25 bp | +4.0% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 24.4% | -72 bp | +5.4% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 24.4% | -85 bp | +5.4% |
| MGK | Vanguard Mega Cap Growth ETF | 22.2% | -93 bp | +4.9% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 22.1% | -25 bp | +4.0% |
| SFYF | SoFi Social 50 ETF | 21.9% | -71 bp | -1.5% |
| CACG | ClearBridge All Cap Growth ESG ETF | 21.6% | -46 bp | +4.4% |
| VUG | Vanguard Growth ETF | 21.6% | -96 bp | +4.7% |
Risk and Returns: FFND 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FFND
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FFND
-0.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. FFND's ALTAR Score™ is approximately
2.5 standard deviations
below
the category average. This places FFND in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FFNDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FFND (100 bp) Percentile rank | 83 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FFND | 100.0 | 22.3 | 122.3 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .