NASD · US Equities - Factor & Thematic · USA
The companies inside FMTM trade 63% above what we estimate they are worth. We could give a verdict on 94% of the fund's weight: 31 holdings as reported to the SEC at 31 Jul 2026.
Where the money is: 3% in companies in the buy zone, 7% about fairly valued, 83% overvalued, 7% without a verdict.
The ten largest holdings, with our verdict on each:
Its expense ratio is 0.45% a year: on $10,000 held flat that is $450 over 10 years and $900 over 20.