FLDZ

RiverNorth Patriot ETF

FLDZ is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation.


US

EQUITY

Active

MANAGEMENT STYLE

3.8 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorTruemark Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 31, 2021
Assets (mns)$4
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsNone
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CASH & OTHER 1.1 %
COCA-COLA BOTTLING CO CONSOL 0.5 %
MCKESSON CORP 0.5 %
CIGNA CORPORATION 0.5 %
HCA HOLDINGS INC 0.5 %
ELEVANCE HEALTH INC 0.5 %
O'REILLY AUTOMOTIVE INC 0.5 %
SERVICETITAN INC 0.5 %
CASEY'S GENERAL STORES INC 0.5 %
DUKE ENERGY CORP 0.5 %
Constituent Breakdown
Number of holdings311
Herfindahl-Hirschman Index 36
Wgt avg mkt cap (mns)$29,333
Large cap (>$10bn)64.4%
Mid cap ($2-10bn)34.3%
Small cap (<$2bn)1.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.5 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 2.8% 13.8% 12.6% 6.0% -- -- -- 4.1%
Dividend Yield -2.5% -8.7% -2.0% -2.5% -- -- -- 0.0%
Total Returns 0.3% 5.1% 10.6% 3.5% -- -- -- 4.1%
Ann. Volatility 13.3% 13.6% 14.4% 17.4% -- -- -- 17.5%
Market Correlations
versus...BetaR-squared
S&P 5000.9679%
MSCI EAFE0.8865%
MSCI Emg Mkts0.6232%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.25%
ADV of underlying (mns)$38,301
Technical Indicators
Recent close$26.94
30d moving avg.$26.82
Annualized volatility18.8%
Relative strength (RSI)45
Short interest (ETF)0.1%
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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Risk and Returns: FLDZ vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 4/24/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FLDZ



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

FLDZ

6.3%

Cat. Avg

6.5%


ALTAR Score™ Calculation

Category Overview
There are 947 funds in the US Equity category, with an average ALTAR Score™ of 6.5% and a standard deviation of 2.8%. FLDZ's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places FLDZ in the 46th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FLDZ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
FLDZ (75 bp) Percentile rank 61
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FLDZ 75.0 25.4 100.4
Peer Avg. 46.6 19.2 65.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .