Pathfinder Focused Opportunities ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 23 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About PFOE
The Fund is an actively managed exchange-tradedfund (“ETF”) and seeks to achieve its objective by investing, under normal conditions, in 15 to 30 equity securitiesof companies that Opal Capital LLC (the “Adviser”) believes are high-quality companies with significant long-term growthpotential. The Adviser seeks to identify companies that can compound value over time and deliver attractive risk-adjusted returns.Additional information on how the Adviser identifies “high-quality companies” is included below. The Fund generally invests in companieslisted on U.S. exchanges with market capitalizations above $8 billion. However, the Fund may also invest in companies with smallercapitalizations when a compelling opportunity exists and sufficient liquidity is present. Portfolio candidates are evaluated basedon a combination of quantitative and qualitative criteria, including: ●Financial strength: returns on invested capital, free cash flow generation, and balance sheet quality; ●Competitive positioning: durability of a company’s advantages within its industry; ●Management discipline: demonstrated record of effective capital allocation through a history of high and sustainable returnson capital and consistent free cash flow generation; and ●Valuation: relative to discounted cash flow, historical multiples, peers, and the overall market. Equity securities in which the Fund willinvest include common stock, preferred stock, and American Depositary Receipts (“ADRs”). The Adviser’s investment processtypically begins with an assessment of a company’s ability and commitment to sustain and grow shareholder value, often throughdividends and reinvestment opportunities. The Adviser considers financial condition, growth prospects, competitive landscape, andmanagement commentary in this evaluation. From this broader universe, the Adviser narrows the focus to “high-quality companies,”defined as those with sustainable competitive advantages, evidenced by high and stable returns on invested capital, consistentfree cash flow generation, and management teams with a history of disciplined capital deployment. Finally, the Adviser selectssecurities trading at valuations it deems attractive, both on an absolute basis and relative to peers. Valuation tools may includeprice-to-earnings ratios, return on invested capital measures, book value comparisons, discounted cash flow analysis, and freecash flow yields. Preference is given to companies demonstrating superior returns on invested capital. 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”).
Data for PFOE is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.