FRWD - ETF AI Analysis
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Nomura Transformational Technologies ETF (FRWD)
FRWD vs. SPDR S&P 500 ETF (SPY)
- AUM
- 247.94M
- Region
- Global
- Expense Ratio
- 0.65%
- Beta
- 1.97
- Issuer
- Nomura
- Inception Date
- Jan 13, 2026
- Dividend Yield
- N/A
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
FRWD Summary
Nomura Transformational Technologies ETF (FRWD) is an actively managed fund that focuses on companies leading big technology trends instead of tracking a standard index. It invests mainly in U.S. tech firms involved in areas like artificial intelligence, cloud computing, chips, and digital infrastructure. Well-known holdings include Nvidia and Microsoft. An investor might choose FRWD for growth potential and targeted exposure to cutting-edge technologies that could shape the future. However, because it is heavily concentrated in technology stocks, its price can be quite volatile and may rise or fall more than the overall market.
How much will it cost me?
This ETF has an expense ratio of 0.65%, which means you’ll pay about $6.50 per year for every $1,000 you invest. That’s higher than the average ETF because it’s actively managed and focuses on a specialized, high-conviction portfolio of transformational technology companies.
What would affect this ETF?
This ETF is heavily invested in global technology and chip makers like Nvidia, TSMC, and ASML, so it could benefit if demand for artificial intelligence, cloud services, and digital infrastructure keeps growing and if the global economy remains supportive of tech spending. On the downside, it could be hurt by rising interest rates that pressure growth stocks, tighter regulations on big tech or cross‑border chip exports, or a slowdown in consumer and business demand for electronics and data centers.
FRWD Top 10 Holdings
FRWD is leaning heavily on the semiconductor boom, with Nvidia, AMD, and TSMC acting as the main engines of the fund’s story. AMD and TSMC have been rising over the year, while Nvidia’s momentum has cooled recently, taking a bit of shine off the top. On the memory and equipment side, Seagate and Lam Research have turned more mixed, occasionally weighing on returns. Microsoft adds a steadier Big Tech anchor, and with major holdings spread across the U.S., Europe, and Asia, this is a globally wired bet on transformational tech rather than a domestically bound play.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NVDA | Nvidia | 9.47% | $23.03M | $4.93T | -0.21% | 76Outperform |
 STX | Seagate Tech | 6.27% | $15.26M | $147.97B | 132.05% | 68Neutral |
 AMD | Advanced Micro Devices | 6.12% | $14.89M | $824.07B | 82.27% | 73Outperform |
 MSFT | Microsoft | 6.01% | $14.61M | $3.88T | -2.06% | 79Outperform |
 TSM | TSMC | 5.64% | $13.71M | $1.88T | 32.69% | 81Outperform |
 AMZN | Amazon | 5.09% | $12.39M | $2.59T | 0.58% | 71Outperform |
 LRCX | Lam Research | 4.49% | $10.93M | $298.69B | 44.52% | 77Outperform |
 ASML | ASML Holding | 4.37% | $10.63M | $603.58B | 44.08% | 81Outperform |
 KR:005930 | Samsung Electronics | 4.28% | $10.42M | KRW 1432.08T | 113.02% | ―― |
 AVGO | Broadcom | 3.98% | $9.68M | $1.56T | -12.82% | 76Outperform |
FRWD Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRWD, the sentiment is Negative. The current price of 28.39 is below the 20-day moving average (MA) of 30.95, below the 50-day MA of 31.66, and below the 200-day MA of 29.18, indicating a bearish trend. The MACD of -0.78 indicates Positive momentum. The RSI at 31.39 is Neutral, neither overbought nor oversold. The STOCH value of 26.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRWD.
FRWD Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| FRWD | $28.39 | $32.00(12.70% Upside) | $247.94M | 0.65% | 68Neutral |
 AVRE | $46.40 | $52.14(12.37% Upside) | $882.85M | 0.17% | 66Neutral |
 EIPX | $33.76 | $38.21(13.19% Upside) | $599.38M | 0.95% | 67Neutral |
 TTEQ | $37.54 | $56.97(51.75% Upside) | $499.16M | 0.63% | 65Neutral |
 VGSR | $11.07 | $12.42(12.22% Upside) | $495.36M | 0.45% | 66Neutral |
 EUV | $19.43 | $33.08(70.27% Upside) | $280.26M | 0.35% | 72Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FRWD | Nomura Transformational Technologies ETF | 28.39 | 3.48 | 13.99% | |
| AVRE | Avantis Real Estate ETF | 46.40 | 3.73 | 8.75% | |
| EIPX | FT Energy Income Partners Strategy ETF | 33.76 | 8.53 | 33.84% | |
| TTEQ | T. Rowe Price Technology ETF | 37.54 | 4.08 | 12.19% | |
| VGSR | Vert Global Sustainable Real Estate ETF | 11.07 | 0.91 | 8.99% | |
| EUV | Corgi Lithography & Semiconductor Photonics ETF | 19.43 | -7.06 | -26.65% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.