Rather than replicating a specific index, this is an active ETF in which the management team actively selects companies with an essential demand base. Holdings and weights are adjusted at the managers' discretion.

It suits growth-oriented investors who want exposure to the managers' stock selection rather than passive index tracking.

It is an ETF run with an active management approach by Fitzgerald.

The management team builds the portfolio by selecting companies that supply products and services structurally needed in everyday consumption and industrial activity. Instead of mechanically replicating an index, the fund aims to actively adjust its holdings and weights as market conditions change.

• Active stock selection by the management team
• Thematic approach based on structural demand

Assets under management (AUM) stand at $109.4M, and the total expense ratio (Expense Ratio) is 0.75% per year.

Given its active management, the fee burden is somewhat higher than that of index-tracking ETFs, and performance depends on the managers' stock-selection skill.

As an active ETF, its performance varies with the earnings of its holdings and with market conditions. Both outperformance and underperformance relative to a benchmark can occur, so the trend is observed differently from one period to another.

Fund inflows and outflows continue in line with interest in thematic and active ETFs, and during volatile markets, exposure to defensive, essential-demand companies sometimes comes into focus. Fund flows respond to both management performance and market sentiment.

Active stock selection and thematic focus are its strengths, while the fee burden and dependence on management performance are points to watch.

If you want a low-fee core ETF that simply tracks an index, QQQ, with its exposure to large-cap growth stocks, is the most representative comparison, and MGK is also worth considering if you want to focus on mega-cap growth stocks. A product with a similar character of active management and thematic selection is ARKK, which actively invests in innovative growth companies, allowing you to compare management approach and fee structure side by side.

Here are the points to review before investing in FITZ. Because it is an active ETF, it is important to confirm in advance its management approach, its costs, and how much its performance depends on the managers, and it is advisable to consider whether it fits your own investment style.

Because the fund does not track an index, its performance depends heavily on the managers' judgment, and volatility from thematic concentration may appear. Even an active strategy can incur losses during market corrections.

It is an active ETF worth considering for investors who want exposure to the managers' active stock selection. If low-fee index tracking is your priority, an alternative such as QQQ may fit better, and if you want active management, it is advisable to compare this product and choose accordingly.