Pathfinder Disciplined US Equity ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Top 25 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About PFDE

The Fund is an actively managed exchange-tradedfund (“ETF”) and seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets(plus the amount of any borrowings for investment purposes) in equity securities issued by companies listed on a U.S. exchange. The Fund will systematically seek toinvest in between 60 to 140 companies. The Fund will generally focus its investments on mid and large capitalization companies,which it considers to be companies with market capitalizations above $10 billion. Portfolio candidates are evaluated based on acombination of quantitative and qualitative criteria, including: ●Momentummetrics including price momentum, business momentum and technical indicators. Business momentum is measured by the efficiencyof payable and receivable management. Technical indicators are measured by on balance volume, which is a price and volume basedtechnical indicator that determines whether volume is flowing in or out of a security over a specified time horizon; ●Sentimentmetrics including analyst revision, ownership and short interest. Ownership is measured by ownership by institutions, hedge fundsand insiders through reference to public reports filed under the Securities Exchange Act of 1934, or comparable publicly availableinformation; ●Growthmetrics including earning growth and market share expansion; ●Qualitymetrics including earning quality, balance sheet strength and management quality. Earning quality is measured by profitabilityand capital allocation of the company. Management quality is measured by the demographic and compensation profile of the managementteam; and ●Valuationmetrics including both normalized and flow-based measures. Using a machine learning-enabled, multi-factorprocess, the Adviser seeks to identify over- and undervalued securities across a broad investment universe. The machine learning-enabledmulti-factor process evaluates securities using a broad set of quantitative inputs, including momentum, sentiment, growth, qualityand value and generates forward-looking outputs of expected return forecasts for securities within the universe. The Adviser thenapplies advanced optimization techniques to the output to maximize the portfolio. By combining multi-factor insights with advancedoptimization techniques, the Adviser constructs a portfolio that balances expected return with risk, concentration, and transactioncosts, with the goal of achieving attractive risk-adjusted returns while maintaining investment discipline. The Adviser’srisk management protocol is integrated throughout the investment process, including disciplined factor-, sector- and stock-levelrisk budgeting, in seeking to preserve upside participation while mitigating downside risk. Equity securities in which the Fund willinvest include common stock, preferred stock, and American Depositary Receipts (“ADRs”). The Fund is “non-diversified”for purposes of the Investment Company Act of 1940, as amended, (the “1940 Act”) which means that the Fund may investin fewer securities at any one time than a diversified fund. The Adviser has retained Vident Asset Management(the “Sub-Adviser”), which is responsible for trading portfolio securities for the Fund, including selecting broker-dealersto execute purchase and sale transactions or in connection with any rebalancing of the Fund. The Adviser may sell a security or reduceits position if: ●The original investment thesis for a company is no longer valid; or ●A more attractively priced security is found. The Fund intends to elect to be, andintends to qualify each year for treatment as, a regulated investment company (“RIC”) under Subchapter M of SubtitleA, Chapter 1, of the Internal Revenue Code of 1986, as amended (the “Code”).

PFDE News

• No recent news found for PFDE.