RiverNorth Patriot ETF

Frequently Asked Questions About FLDZ

What does FLDZ invest in?

This actively managed Exchange Traded Fund (ETF) endeavors to meet its investment goals by concentrating its portfolio on equity securities. Specifically, it targets common stocks of mid-sized and large companies that are intrinsically linked to the U.S. economy. The fund's sub-adviser considers a company to be tied to the U.S. economy if it is incorporated under U.S. laws, its shares are predominantly traded in the United States, and it generates a minimum of 90% of its revenue from domestic activities. It's important to note that this fund is structured as non-diversified.

What is the expense ratio of FLDZ?

RiverNorth Patriot ETF (FLDZ) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLDZ?

RiverNorth Patriot ETF (FLDZ) manages $3.9M 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 FLDZ actively managed or an index fund?

FLDZ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FLDZ's is 0.40%) in exchange for the discretion to over- or under-weight positions.

When was FLDZ launched?

RiverNorth Patriot ETF (FLDZ) launched in December 2021 and is managed by TrueShares.

How has FLDZ performed?

FLDZ'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.