ETF Evaluator:
Pathfinder Disciplined US Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
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Risk
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ETF Details
Pathfinder Disciplined US Equity ETF Overview
Pathfinder Disciplined US Equity ETF (PFDE) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Pathfinder ETFs launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) and seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities issued by companies listed on a U.S. exchange. It is non-diversified.
About Pathfinder Disciplined US Equity ETF (PFDE)
There are 2 members of the management team with an average tenure of 0.58 years: Austin Graff (2025) and Yang Liu (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Pathfinder Disciplined US Equity ETF has 87 securities in its portfolio. The top 10 holdings constitute 43.0% 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.
Pathfinder Disciplined US Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Pathfinder Disciplined US Equity ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.3% 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). Pathfinder Disciplined US Equity ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $158 million in total assets, which is below the $13 billion average for the Large Blend 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.
PFDE 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 Pathfinder Disciplined US Equity ETF expense ratio is average compared to funds in the Large Blend category. Pathfinder Disciplined US Equity ETF has an expense ratio of 0.59%, which is 42% higher than its category average, making the fund expense ratio grade a D. 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. Pathfinder Disciplined US Equity 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 158% for the Large Blend category.
Recently, in the month of July 2026, Pathfinder Disciplined US Equity ETF returned -0.4%, which earned it a grade of D, as the Large Blend category had an average return of -0.8%. 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.
Pathfinder Disciplined US Equity ETF has a trailing yield of 0.00%, which is below the 1.16% 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.
Pathfinder Disciplined US Equity ETF Grades
Year to date, the ETF has returned 11.7%, 2.2 percentage points better than the category, which translates into a grade of B.
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PFDE 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 |
|
| PFDE Return (NAV) | -0.4% | 5.6% | na | na | na | na |
| PFDE Return (Price) | -0.3% | 5.6% | na | na | na | na |
| NAV +/- Price Return | -0.137% | -0.095% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| PFDE Grade (NAV) | D | A | na | na | na | na |
| +/- Category (NAV) | 0.4% | 1.8% | na | na | na | na |
| PFDE Tax-Cost Ratio | na | na | na | na | na | na |
PFDE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFDE Return (NAV) | 11.7% | na | na | na | na | na | na | na | na | na | na |
| PFDE Return (Price) | 11.8% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.007% | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| PFDE Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.2% | 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: | $ 159 Mil |
| Share Class Assets: | $ 159 Mil |
| Turnover: | na |
| Expense Ratio: | 0.59% |
| 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: 2 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Graff Austin (2025), Liu Yang (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 87 |
| % in Top 10 Holdings: | 43.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pathfinder ETFs |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | December 30, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
