- What does FRWD invest in?
- FRWD is a concentrated fund that invests in companies driven by technological innovation and transformation. Such companies typically gain a competitive advantage from innovation, benefit materially from technological developments, or use technology as a catalyst to scale and enhance their business models. The fund generally holds 20 to 40 stocks with strong earnings growth potential. Stock selection is guided by a combination of secular trend analysis and bottom-up fundamental research. The fund manager evaluates companies based on factors including earnings and growth prospects, management quality, valuation, financial strength, industry positioning, market opportunity, and barriers to entry. The fund may invest in companies of any size across global markets, including emerging markets, either directly or through ADRs. Positions are sold when valuations, growth prospects, or underlying fundamentals deteriorate.
- What is the expense ratio of FRWD?
- Macquarie ETF Trust - Transformation Technologies ETF (FRWD) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is FRWD?
- Macquarie ETF Trust - Transformation Technologies ETF (FRWD) manages $274.5M 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 FRWD actively managed or an index fund?
- FRWD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was FRWD launched?
- Macquarie ETF Trust - Transformation Technologies ETF (FRWD) launched in November 2018 and is managed by Nomura.
- How has FRWD performed?
- FRWD'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.
