FRWD - ETF AI Analysis
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Nomura Transformational Technologies ETF (FRWD)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing that its strategy has recently worked well for investors.
Leading Semiconductor and Tech Holdings
Many of the largest positions, such as major chip and technology companies, have shown strong or steady performance, helping drive the fund’s returns.
Focused Growth in Transformational Technologies
The fund concentrates on companies tied to transformational technologies, giving investors targeted exposure to a fast-growing area of the market.
Negative Factors
High Sector Concentration in Technology
With most of its assets in the technology sector, the ETF is heavily exposed to tech-specific downturns and volatility.
Limited Geographic Diversification
The portfolio is dominated by U.S. companies, with only small allocations to other countries, which reduces global diversification.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the returns are used to cover fees instead of going to investors.
FRWD vs. SPDR S&P 500 ETF (SPY)
AUM273.87M
RegionGlobal
Expense Ratio0.65%
Beta1.88
IssuerNomura
Inception DateJan 13, 2026
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume19,375
30 Day Avg. Volume49,902
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
43.95Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering26
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 essentially a high‑octane bet on the global semiconductor and AI hardware supply chain, with Nvidia and AMD setting the tone. AMD has been rising sharply and acts as a key engine for recent gains, while Nvidia’s momentum is steadier but still supportive. TSMC and Samsung add a strong Asia tilt, though TSMC’s mixed recent performance shows the ride isn’t perfectly smooth. On the memory and storage side, Seagate and Western Digital have been more volatile, sometimes dragging on returns. Overall, this is a concentrated, globally diversified tech play, heavily skewed toward chipmakers powering AI and cloud growth.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 9.51% | $25.96M | $5.15T | 24.46% | 76 Outperform | |
| Advanced Micro Devices | 7.33% | $20.01M | $836.64B | 245.17% | 73 Outperform | |
| TSMC | 6.23% | $17.00M | $1.94T | 60.16% | 81 Outperform | |
| Seagate Tech | 6.10% | $16.66M | $178.09B | 270.72% | 68 Neutral | |
| Lam Research | 4.75% | $12.97M | $336.89B | 113.20% | 77 Outperform | |
| ASML Holding | 4.49% | $12.25M | $612.35B | 75.65% | 81 Outperform | |
| Samsung Electronics | 3.97% | $10.84M | ₩10.00T> | 230.73% | ― | |
| Microsoft | 3.82% | $10.42M | $3.64T | -3.90% | 79 Outperform | |
| Broadcom | 3.70% | $10.11M | $1.62T | 0.56% | 76 Outperform | |
| Western Digital | 3.64% | $9.93M | $150.33B | 303.11% | 77 Outperform |
FRWD Technical Analysis
Positive
―
Price Trends
31.61
Positive
31.54
Positive
Market Momentum
-0.18
Positive
50.56
Neutral
33.08
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRWD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 31.68, equal to the 50-day MA of 31.61, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRWD.
FRWD Peer Comparison
Comparison Results
Performance Comparison
FRWD
Nomura Transformational Technologies ETF
31.71
7.18
29.27%
AVRE
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VOLT
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EIPX
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TTEQ
T. Rowe Price Technology ETF
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EUV
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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