FRDM
Freedom 100 Emerging Markets ETF
FRDM tracks the Life + Liberty Freedom 100 Emerging Markets Index. The Index is a freedom-weighted EM equity strategy that uses human and economic freedom metrics as primary factors in the investment selection process.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 3.7 B
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | May 22, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 12.6 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 7.5 % |
| MEDIATEK INC | 5.6 % |
| HYNIX SEMICONDUCTOR INC | 4.7 % |
| DELTA ELECTRONICS INC | 3.9 % |
| LAN AIRLINES SA | 3.9 % |
| BANK PEKAO SA | 2.9 % |
| HON HAI PRECISION INDUSTRY | 2.9 % |
| VALE SA | 2.9 % |
| BANCO DE CHILE | 2.5 % |
Constituent Breakdown
| Number of holdings | 117 |
| Herfindahl-Hirschman Index | 323 |
| Wgt avg mkt cap (mns) | $206,194 |
| Large cap (>$10bn) | 78.3% |
| Mid cap ($2-10bn) | 12.6% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 89.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 26.4 % |
 |
SOUTH KOREA | 20.8 % |
 |
CHILE | 14.1 % |
 |
POLAND | 9.0 % |
 |
BRAZIL | 6.8 % |
 |
MALAYSIA | 4.7 % |
 |
SOUTH AFRICA | 4.2 % |
 |
THAILAND | 1.9 % |
 |
MEXICO | 1.5 % |
 |
PHILIPPINES | 1.3 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 41.4% | 91.8% | 45.1% | 34.3% | 16.1% | -- | -- | 581.8% |
| Dividend Yield | 0.6% | 4.7% | 4.0% | 3.7% | 3.1% | -- | -- | 0.0% |
| Total Returns | 42.0% | 96.5% | 49.1% | 38.0% | 19.2% | -- | -- | 581.8% | Ann. Volatility | 33.5% | 24.5% | 23.2% | 21.2% | 20.8% | -- | -- | 999.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.51 | 53% |
| MSCI EAFE | 1.34 | 67% |
| MSCI Emg Mkts | 1.17 | 90% |
Liquidity Measures
| Avg. volume (000) | 399 |
| ADV traded (mns) | $30 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $66.29 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 2.50/2.11 |
| Bollinger Bands (Upper/Lower) | $73.31/$62.14 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FRDM |
Expenses vs. FRDM |
ALTAR Score™ vs. FRDM |
|---|---|---|---|---|
| EMM | Global X Emerging Markets ex-China ETF | 35.0% | +26 bp | -0.5% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 34.0% | +26 bp | +0.5% |
| STXE | Strive Emerging Markets Ex-China ETF | 33.1% | -17 bp | -0.1% |
| AIA | iShares Asia 50 ETF | 32.6% | +1 bp | +2.2% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 31.9% | +26 bp | +1.0% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 29.4% | -24 bp | -0.1% |
| ECON | Columbia Emerging Markets Consumer ETF | 28.7% | 0 bp | +1.4% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 28.3% | -25 bp | +0.0% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 27.3% | -14 bp | +4.3% |
| XCEM | Columbia EM Core ex-China ETF | 26.8% | -33 bp | 0.0% |
Risk and Returns: FRDM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.3%
ALTAR SCORE™
19th
PERCENTILE
AVOID
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. FRDM's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places FRDM in the 19th percentile
among funds in the category.
Sell-Side Consensus
$71.51
PRICE TARGET
-4.4%
UPSIDE