ETF Overview
TICKER: PFOE
INCEPTION DATE: Q4 2025
BENCHMARK: S&P 500
Fund Objective
Seeks long-term capital appreciation through concentrated investments in high-quality businesses and special situations identified through deep fundamental research.
Portfolio Details
- Holdings: 15-30 concentrated, high-conviction stocks
- Approach: Benchmark-agnostic, opportunistic
- Focus: Quality compounders (60-70%) and special situations (20-30%)y
- Philosophy: Quality + Flexibility + Concentration = Compounding
Focused. Opportunistic.
Built for Compounding.
PFOE represents our modern, focused approach to equity investing - concentrated portfolios of 15-30 high-quality businesses selected through deep fundamental research. We partner with you to identify companies with resilient business models positioned for stable, profitable growth.
Three Core Principles:
1. Quality Compounders (60-70% of Portfolio)
- Proven business models with durable competitive advantages
- High returns on invested capital and strong free cash flow
- Thoughtful capital allocation with long-term growth runways
- Management teams with demonstrated excellence
2. Special Situations (20-30% of Portfolio)
- Turnarounds: Quality businesses facing temporary headwinds with clear recovery paths
- Spin-offs & Restructurings: Corporate actions creating value through improved focus
- Market Dislocations: High-quality franchises temporarily mispriced
3. Concentrated Conviction (15-30 Holdings)
- Meaningful position sizes in highest-conviction ideas
- Deep understanding of each business
- True differentiation from benchmark indices
- Patience to hold cash when opportunities are limited
Investment Process:
Starting with 15,000+ US securities, we narrow to ~200 quality companies, conduct deep research on ~75, and build a final portfolio of 15-30 companies that meet our rigorous criteria for quality, compounding potential, and compelling value.
Sell Discipline: We sell when: price targets are reached, business quality deteriorates, returns on capital decline without recovery path, or better opportunities emerge.
Key Differentiators
What Sets PFOE Apart:
- Concentrated Conviction: 15-30 holdings maximize impact from highest-conviction ideas
- Benchmark-Agnostic: No index constraints - we invest where we find the best opportunities
- Forward-Looking Analysis: Focus on future potential, not historical results
- Client Alignment: Founder invests alongside clients with complete transparency
Performance
PFOE's concentrated, opportunistic approach is designed to compound capital over full market cycles through focused portfolios of quality businesses and special situations.
Target Outcomes:
- Superior risk-adjusted returns through concentration in best ideas
- Long-term capital appreciation with patient holding periods
- Downside protection through quality focus and disciplined selling
Important: Past performance, including backtested results, does not guarantee future results. Backtested performance is hypothetical and has inherent limitations.
Documents & Resources
Fund Prices
Data as of XX/XX/XXXX
| NAV | |
|---|---|
| Net Asset Value | $XX.XX |
| Daily Change ($) | $XX.XX |
| Daily Change (%) | XX.XX% |
| PRICE | |
|---|---|
| Closing Price | $XX.XX |
| Daily Change ($) | $XX.XX |
| Daily Change (%) | XX.XX% |
| 30 Day Median Bid/Ask Spread | XX.XX% |
Performance
| 1 Month | 3 Month | YTD | 1 Year | Since Inception (12/31/2025) | |
|---|---|---|---|---|---|
| Fund NAV | - | - | - | - | - |
| Fund Closing Price | - | - | - | - | - |
Data as of XX/XX/XXXX
| YTD | 1 Year | 3 Year | Since Inception (12/31/2025) | |
|---|---|---|---|---|
| Fund NAV | - | - | - | - |
| Fund Closing Price | - | - | - | - |
Data as of XX/XX/XXXX
Past performance is not indicative of future results. Current performance may be lower or higher than quoted. Investment returns and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance of less than one year is cumulative. You cannot invest directly in an index. For the most recent performance data, visit www.pathfinderetfs.com.
Premium/Discount
| Days at Premium |
|---|
| Days at Zero Premium/Discount |
| Days at Discount |
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Top Ten Holdings
| PERCENTAGE OF NET ASSETS | NAME | TICKER | IDENTIFIER | SHARES HELD | MARKET VALUE |
|---|
Data as of XX/XX/XXXX
Holdings are subject to change
Learn More About PFOE
Contact us to learn more about how PATHFINDER Focused Opportunities Equity can enhance your investment strategy.