# TrueShares Patriot Defense ETF (FLDZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fldz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: TrueShares · Asset class: Equity - Strategy: Actively Managed · Inception: 2021-12-30 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. ## Key Facts | Metric | Value | |---|---| | Price | $27.10 | | Expense Ratio | 0.40% | | Assets Under Management | $5.8M | | NAV | $26.40 (2026-10-28 close) | | Holdings Count | 66 | | Distribution Yield (TTM) | 1.64% | | Annual Distribution (TTM) | $0.45 /share | | Distribution Frequency | Annual | | 52-Week Range | $25.47 – $34.15 | | Beta | 0.77 | ## Latest Distribution - Amount: $0.4450 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### 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? TrueShares Patriot Defense 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? TrueShares Patriot Defense ETF (FLDZ) manages $5.8M 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? TrueShares Patriot Defense 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. ### Does FLDZ pay a dividend? TrueShares Patriot Defense ETF (FLDZ) currently distributes little or no income. Trailing-twelve-month yield is 1.64%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FLDZ pay dividends? TrueShares Patriot Defense ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FLDZ's dividend yield? FLDZ's trailing-twelve-month yield is 1.64%, calculated from the sum of dividends over the past year divided by the current price. ### When is FLDZ's next ex-dividend date? The most recently announced ex-dividend date for FLDZ was 2025-12-24. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FLDZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.40% 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 FLDZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from FLDZ'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 FLDZ cost more than a fund like VOO? FLDZ is actively managed (current expense ratio 0.40%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FLDZ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FLDZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FLDZ (0.40%) 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/fldz - Distribution history: https://www.dividenddata.com/funds/fldz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fldz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fldz/expenses - Peer comparison: https://www.dividenddata.com/funds/fldz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.