ETF Education Report: Nomura Transformational Technologies ETF (FRWD)

What this ETF is trying to do

The Nomura Transformational Technologies ETF (ticker: FRWD) is an exchange-traded fund that focuses on technology companies. Based on its top holdings, the fund appears to invest in businesses involved in semiconductors, hardware, and digital services.

Top Holdings

This ETF holds a total of 27 different companies. Because the list provided is partial, we are only looking at the largest holdings. As of August 20, 2026, the top holdings include:

• NVIDIA CORP (8.79%)

• ADVANCED MICRO DEVICES INC (7.44%)

• SEAGATE TECHNOLOGY HOLDINGS PLC (7.27%)

• TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (5.75%)

• LAM RESEARCH CORP (5.23%)

• BROADCOM INC (4.77%)

• WESTERN DIGITAL CORP (4.69%)

• ASML HOLDING NV ADR (4.68%)

• MICRON TECHNOLOGY INC (4.09%)

• TEXAS INSTRUMENTS INC (3.79%)

Please remember that holdings can change over time.

What the numbers show

As of August 11, 2026, the current share price is $32.17.

Regarding performance, total return data and price return data (such as one-year or year-to-date returns) were not supplied in the available facts. Without this data, we cannot determine how much the share price has changed over specific periods of time.

Income and distribution explanation

Some investors look for ETFs that pay out regular cash, known as distributions. For this ETF, no distributions were detected over the last 12 months. The distribution yield is 0%. This means the fund is not currently providing cash income to shareholders through distributions.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. While falling share prices can sometimes be linked to concerns about NAV, they are not the same thing.

For this ETF, the erosion-risk score is unavailable because there is not enough verified price history. There is no severe erosion-risk flag present for this fund.

Pros

• The fund provides exposure to many large, well-known technology companies.

• It holds a variety of different stocks within the tech sector, such as semiconductor and software companies.

Cons

• There is no data available regarding recent price returns or total returns to evaluate past performance.

• The fund does not currently provide a distribution yield for income seekers.

Beginner takeaway

This ETF focuses on the technology sector with a heavy emphasis on major chip and hardware makers. Because there is no recent return data or distribution history provided, it is difficult to see how the fund has performed or how much cash it provides. Always remember that looking at a company's holdings is only one part of understanding an ETF; you should also look at its price history and total returns when they are available.

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*Disclaimer: This report is for educational purposes only. It does not provide financial advice. It does not recommend buying, selling, or holding any security.*