(FRWD) Nomura Transformational - NASDAQ

ETF Category: Technology | Exchange: NASDAQ (USA) | Market Cap: 219m USD | Total Return: 24.3% in 12m

Semiconductors, Software, Cloud Computing, Hardware
Total Rating 46
Safety 15
Buy Signal -0.73
Technology
Category Rotation: -26.7
AUM: 219M
Avg Turnover: 2.69M
Risk 3d forecast
Volatility38.3%
VaR 5th Pctl7.32%
VaR vs Median6.23%
Reward TTM
Sharpe Ratio1.58
Rel. Str. IBD79.6
Rel. Str. Peer Group39
Character TTM
Beta2.332
Beta Downside2.090
Hurst Exponent0.523
Drawdowns 3y
Max DD18.49%
CAGR/Max DD3.50
CAGR/Mean DD12.22

Warnings

No concerns identified

Tailwinds

Shakeout

Description: FRWD Nomura Transformational

The Nomura Transformational Technology ETF (FRWD) is a non-diversified fund focusing on global technology equities. Under normal market conditions, the fund allocates at least 80% of its net assets to technology companies, maintaining the flexibility to invest across all market capitalizations and geographic regions, including emerging markets.

The technology sector is characterized by high research and development (R&D) intensity and rapid product lifecycles, which often lead to significant volatility compared to broader market indices. Many transformational technology firms utilize a Software-as-a-Service (SaaS) business model to generate recurring revenue streams through cloud-based subscriptions.

Investors can further evaluate the underlying fundamentals of this ETF’s holdings by utilizing the data tools at ValueRay. Given its micro-cap status and broad international mandate, the fund offers concentrated exposure to both established and nascent technological shifts.

Headlines to Watch Out For
  • Adoption of AI and cloud infrastructure drives underlying portfolio growth
  • Global semiconductor supply chain stability impacts hardware component valuations
  • Emerging market tech exposure increases sensitivity to geopolitical regulatory shifts
  • High-growth software revenue multiples compress during elevated interest rate environments
What is the price of FRWD shares?

As of June 11, 2026, the stock is trading at USD 30.49 with a total of 148,932 shares traded.
Over the past week, the price has changed by -9.44%, over one month by -0.87%, over three months by +27.15% and over the past year by +24.30%.

Is FRWD a buy, sell or hold?

Nomura Transformational has no consensus analysts rating.