ETF Evaluator:
Fitz-Gerald Must Have Portfolio ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Growth Over the Last Year
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ETF Details
Fitz-Gerald Must Have Portfolio ETF Overview
Fitz-Gerald Must Have Portfolio ETF (FITZ) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.
The investment seeks total returns.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in equity securities of companies selected using a proprietary “Must Have Portfolio” framework. It employs a thematic investment process designed to identify companies that the Sub-Adviser believes are well positioned to benefit from long-term structural changes taking place over multi-year and multi-decade time horizons that may reshape economic activity, competitive dynamics, and corporate profitability.
About Fitz-Gerald Must Have Portfolio ETF (FITZ)
There are 4 members of the management team with an average tenure of 0.18 years: Andrew Hicks (2026), Qiao Duan (2026), David Nicholas (2026) and Keith Fitz-Gerald (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Fitz-Gerald Must Have Portfolio ETF has 33 securities in its portfolio. The top 10 holdings constitute 47.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Fitz-Gerald Must Have Portfolio ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Fitz-Gerald Must Have Portfolio ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.4% There is 0.0% 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). Fitz-Gerald Must Have Portfolio ETF has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $81 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.
FITZ 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 Fitz-Gerald Must Have Portfolio ETF expense ratio is above average compared to funds in the Large Growth category. Fitz-Gerald Must Have Portfolio ETF has an expense ratio of 0.75%, which is 52% 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. Fitz-Gerald Must Have Portfolio ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Fitz-Gerald Must Have Portfolio ETF returned -0.3%, 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.
Fitz-Gerald Must Have Portfolio ETF has a trailing yield of 0.00%, which is below the 0.53% category average.
The fund normally distributes its income annually and its capital gains 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.
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FITZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FITZ Return (NAV) | -0.3% | na | na | na | na | na |
| FITZ Return (Price) | -0.2% | na | na | na | na | na |
| NAV +/- Price Return | -0.122% | na | na | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| FITZ Grade (NAV) | A | na | na | na | na | na |
| +/- Category (NAV) | 3.4% | na | na | na | na | na |
| FITZ Tax-Cost Ratio | na | na | na | na | na | na |
FITZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FITZ Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| FITZ Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| FITZ Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 81 Mil |
| Share Class Assets: | $ 81 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Hicks Andrew (2026), Duan Qiao (2026), Nicholas David (2026), Fitz-Gerald Keith (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 47.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 1.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tidal Investments LLC |
| Phone Number: | 888-860-3814 |
| Website: | |
| Inception Date: | May 27, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
