# Founder-Led ETF (FDRS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fdrs for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Corgi Funds · Asset class: Equity - Strategy: Single-Stock · Inception: 2025-12-29 The FDRS ETF invests in a portfolio comprising the top 50 U.S. companies that remain under the leadership of at least one of their founders. While these companies can have any market capitalization, their individual weighting within the portfolio is determined by their market value, with no single stock accounting for more than 10% of the total. The fund's underlying index is reviewed and adjusted quarterly, specifically on the third Friday of March, June, September, and December. Classified as non-diversified, this fund may, at times, exhibit significant concentration in particular sectors... ## Key Facts | Metric | Value | |---|---| | Price | $23.30 | | Expense Ratio | 0.49% | | Assets Under Management | $7.9M | | NAV | $23.31 (2026-11-06 close) | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $19.37 – $26.91 | | Beta | 1.41 | ## Frequently Asked Questions ### What does FDRS invest in? The FDRS ETF invests in a portfolio comprising the top 50 U.S. companies that remain under the leadership of at least one of their founders. While these companies can have any market capitalization, their individual weighting within the portfolio is determined by their market value, with no single stock accounting for more than 10% of the total. The fund's underlying index is reviewed and adjusted quarterly, specifically on the third Friday of March, June, September, and December. Classified as non-diversified, this fund may, at times, exhibit significant concentration in particular sectors or industries. ### What is the expense ratio of FDRS? Founder-Led ETF (FDRS) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FDRS? Founder-Led ETF (FDRS) manages $7.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FDRS actively managed or an index fund? FDRS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FDRS launched? Founder-Led ETF (FDRS) launched in December 2025 and is managed by Corgi Funds. ### How has FDRS performed? FDRS's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FDRS pay a dividend? Founder-Led ETF (FDRS) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FDRS pay dividends? Founder-Led ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FDRS's dividend yield? FDRS's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FDRS's next ex-dividend date? FDRS hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will FDRS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FDRS charge its expense ratio? The expense ratio is deducted in tiny daily slices from FDRS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FDRS cost more than a fund like VOO? FDRS's strategy (current expense ratio 0.49%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FDRS sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FDRS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FDRS (0.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fdrs - Distribution history: https://www.dividenddata.com/funds/fdrs/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fdrs/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fdrs/expenses - Peer comparison: https://www.dividenddata.com/funds/fdrs/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.