FRWD - ETF AI Analysis
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Nomura Transformational Technologies ETF (FRWD)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered strong gains over the year to date and in recent months, showing solid momentum.
Leading Semiconductor Holdings
Many of the top positions are major chip and technology companies that have shown strong or steady performance, helping drive returns.
Focused Growth Theme
The fund’s heavy tilt toward transformational technologies gives investors targeted exposure to a fast-growing area of the market.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee, which can eat into long-term returns compared with lower-cost funds.
Sector Concentration in Technology
A large majority of assets are in the technology sector, which increases the risk if this area of the market experiences a downturn.
Limited Geographic Diversification
With most of its holdings in U.S. companies, the fund offers little exposure to other regions, reducing global diversification.
FRWD vs. SPDR S&P 500 ETF (SPY)
AUM276.46M
RegionGlobal
Expense Ratio0.65%
Beta1.85
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. Volume21,120
30 Day Avg. Volume105,021
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
43.71Price 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 changes in technology, such as artificial intelligence, cloud computing, semiconductors, and digital infrastructure. It doesn’t track a set index, but instead picks a smaller group of high‑conviction tech names. Well‑known holdings include Nvidia and Advanced Micro Devices (AMD). Someone might invest for long‑term growth and targeted exposure to cutting‑edge tech trends. 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 chip and hardware boom, with Nvidia, AMD, TSMC, Lam Research, ASML, and Broadcom steering the ship. Most of these semiconductor names have been rising, giving the fund a strong tailwind as AI and data‑center demand stay in the spotlight. Storage players like Seagate and Western Digital are also climbing, adding extra fuel. Netflix is more of a side character here and has been mixed to lagging lately, slightly tugging on returns. Overall, it’s a concentrated, globally focused tech play, not a broad market cruiser.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 9.24% | $25.55M | $5.26T | 23.93% | 76 Outperform | |
| Seagate Tech | 6.16% | $17.02M | $188.70B | 425.61% | 68 Neutral | |
| Advanced Micro Devices | 6.09% | $16.83M | $761.42B | 182.34% | 73 Outperform | |
| TSMC | 5.83% | $16.12M | $1.91T | 80.27% | 81 Outperform | |
| Lam Research | 5.26% | $14.55M | $384.37B | 215.55% | 77 Outperform | |
| ASML Holding | 4.69% | $12.97M | $673.23B | 133.72% | 81 Outperform | |
| ― | 4.67% | $12.92M | ― | ― | ― | |
| Western Digital | 3.82% | $10.55M | $166.60B | 528.25% | 77 Outperform | |
| Samsung Electronics | 3.80% | $10.50M | ₩10.00T> | 230.73% | ― | |
| Broadcom | 3.76% | $10.39M | $1.72T | 25.70% | 76 Outperform |
FRWD Technical Analysis
Neutral
―
Price Trends
32.00
Positive
30.31
Positive
Market Momentum
0.32
Negative
50.62
Neutral
23.79
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRWD, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 31.70, equal to the 50-day MA of 32.00, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.32 indicates Negative momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 23.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FRWD.
FRWD Peer Comparison
Comparison Results
Performance Comparison
FRWD
Nomura Transformational Technologies ETF
32.06
7.53
30.70%
AVRE
Avantis Real Estate ETF
―
―
―
VOLT
Tema Electrification ETF
―
―
―
EIPX
FT Energy Income Partners Strategy ETF
―
―
―
EUV
Corgi Lithography & Semiconductor Photonics ETF
―
―
―
TTEQ
T. Rowe Price Technology ETF
―
―
―
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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