“Pathfinder Focused Opportunities ETF was the primary detractor across all strategies, reducing returns by 0.91% in Long-Term Aggressive, 0.76% in Long-Term Conservative, 0.54% in Intermediate, and 0.32% in Short-Term portfolios.”
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.