# FRWD (Nomura Transformational Technologies ETF)

Nomura · Thematic ETFs · data as of Sep 11, 2026

FRWD holds 25 stocks, and 30% of its weight is outside the S&P 500.

## Key facts

- FRWD, already in the S&P 500: 70.1%, as of Sep 11, 2026.
- FRWD, active share vs the S&P 500: 74.3%, as of Sep 11, 2026.
- FRWD, top ten holdings: 60.8%, as of Sep 11, 2026.
- FRWD, total return, since launch: +27.3%, as of Sep 11, 2026.
- FRWD, net assets: $285m (SEC filing, whole fund, as filed for Jun 30, 2026).
- FRWD, expense ratio: 0.65% (485BPOS XBRL, Jul 29, 2026).

## FRWD over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −1.3% | +3.3% | −4.6 pts | −0.5 pts |
| 6 months | +35.4% | +16.0% | +19.4 pts | +14.7 pts |
| Since launch | +27.3% | +10.8% | +16.6 pts | +12.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Broad innovation and megatrends | ETFIQ, editorial |
| Launched | Jan 13, 2026 | ETFIQ |
| Already in the S&P 500, by weight | 70.1% | ETFIQ |
| Active share vs the S&P 500 | 74.3% | ETFIQ |
| Already in the Nasdaq-100, by weight | 77.7% | ETFIQ |
| Active share vs the Nasdaq-100 | 62.0% | ETFIQ |
| Top ten holdings weight | 60.8% | ETFIQ |
| Holdings | 25 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | NVIDIA Corp. 8.1%, Advanced Micro Devices, Inc. 7.8%, Seagate Technology Holdings plc 7.8%, Lam Research Corp. 6.7%, Taiwan Semiconductor Manufacturing Co. Ltd. 6.3%, Micron Technology, Inc. 5.2%, ASML Holding NV 5.1%, Western Digital Corp. 5.0%, Broadcom, Inc. 4.7%, Samsung Electronics Co. Ltd. 4.2% | ETFIQ |
| Net assets | $285m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −8.0% | ETFIQ |
| Expense ratio | 0.65% | 485BPOS XBRL, Jul 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.87% | ETFIQ |
| Closest funds by holdings overlap | AOTG 44%, JHAI 42%, WUGI 41%, ALAI 41%, SOXQ 40% | ETFIQ |

## Questions

### How much of FRWD is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 70% of FRWD by weight is stocks the S&P 500 already holds. Its active share against the index is 74%, so that share is the part doing something different.

### What does FRWD hold?

25 positions as filed for Jun 30, 2026, with the top ten at 61% of the fund. The largest are NVIDIA Corp. at 8.1%, Advanced Micro Devices, Inc. at 7.8%, Seagate Technology Holdings plc at 7.8%.

### Has FRWD beaten the S&P 500?

Over the year to Sep 11, 2026 FRWD returned +27.3% with distributions reinvested, against +10.8% for the S&P 500, so it finished ahead of the index by 16.6 points.

### What does FRWD cost?

The prospectus expense ratio is 0.65% a year. Because 74% of the fund differs from the S&P 500, the fee on that differing part works out at 0.87%.


## Cite this page

ETFIQ, FRWD, data as of Sep 11, 2026. https://etfiq.com/funds/frwd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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