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Morningstar

Formidable

Formidable Parent Rating

Below Average
Morningstar Manager Research

Formidable lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.

Portfolio managers at Formidable tend not to invest alongside their shareholders, detracting from the overall stewardship assessment. None of the firm’s assets are covered by an invested manager. Formidable's longest-tenured managers do not possess the same experience as management teams at other firms, a detractor from its rating. Specifically, average asset-weighted tenure within the firm is only three years. Formidable has presented a reliable and stable portfolio management culture since the firm's inception, as evidenced by lower-than-average turnover, strengthening the assessment of the firm's stewardship.

Formidable Investments

Exchange-Traded Funds

See All Formidable ETFs

Market

US ETFs

Total Net Assets

47.26 Mil

Investment Flows (TTM)

−10.29 Mil

Asset Growth Rate (TTM)

−17.00%

# of Share Classes

2
Morningstar Rating # of Share Classes
0
0
0
1
0
Not Rated 1
Name
Morningstar Rating Overall
5-Year Category Rank
Formidable ETF—
Formidable Fortress ETF——
View All 5-Star Standouts

Morningstar Mentions

Quick Definitions: Key Morningstar Terms

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    The Morningstar Medalist Rating for funds is a five-tier system used to analyze how fees will impact different securities in the long term.

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    The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.

  • Percentile Rank

    Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.

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