ETF Evaluator: One Global ETF () Follow This ETF

One Global ETF Overview

One Global ETF (FFND) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). The Future Fund launched the ETF in 2021.

The investment seeks to provide capital appreciation. The fund will, under normal market conditions, invest significantly in companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S., including investing at least 30% of its assets in companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S. The manager allocates its assets among various regions and countries, including the U.S. (but in no less than three different countries). The fund is non-diversified.

About One Global ETF (FFND)

There are 2 members of the management team with an average tenure of 4.94 years: Gary Black (2021) and David Kalis (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Russell 3000 Growth TR USD index with a weighting of 100%. One Global ETF has 90 securities in its portfolio. The top 10 holdings constitute 25.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

One Global ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. One Global ETF has 23.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 72.5% There is 23.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). One Global ETF has 3.5% of the portfolio in cash.

Assets Under Management

The fund has $100 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FFND Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The One Global ETF expense ratio is high compared to funds in the Large Growth category. One Global ETF has an expense ratio of 1.00%, which is 103% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. One Global ETF has a portfolio turnover rate of 115%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of July 2026, One Global ETF returned 0.5%, which earned it a grade of A, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

One Global ETF has a trailing yield of 0.60%, which is above the 0.53% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

One Global ETF Grades

Year to date, the ETF has returned 7.9%, 1.7 percentage points better than the category, which translates into a grade of B. The fund has returned 15.7% over the past year (grade of B) and 17.7% over the past three years (grade of D).

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