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FRDM

GradeBChicago Board Options Exchange

Freedom 100 Emerging Markets ETF

Factor & Screened Index · Freedom · Inception 2019-05-22 · SEC filings

$71.85−1.66 (−2.26%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 73.51 to 71.85. Range 71.49 to 72.45. Use the arrow keys to read each point.$71.60$72.00$72.4010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$3.6B
1Y return
+67.1%
Yield · Last 12 months
1.50%
Holdings
100
Volume · 30D
0.3M sh
NAV per share
$71.78
52W range
low $43.77high $76.90

The ETF.net FRDM Grade

B

56/ 100

Rank 9 of 12 in Emerging Markets ESG & Values Index

Confidence High

Six-pillar profile for FRDM. Scores out of 100: Cost 28, Risk 42, Mission 93, Tradability 84, Holdings 28, Durability 69. Strongest: Mission (93). Weakest: Holdings (28). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank9/12 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 93
    Category rank9/10 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank10/12 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 84
    Category rank2/12 · top 17%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank10/11 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 69
    Category rank4/12 · top 33%

Graded as of Sep 22, 2026

Our read on FRDM

ETF.net Research

BMost emerging-markets funds buy the whole market and move on. FRDM tracks the Life + Liberty Freedom 100 Emerging Markets Index instead: a passive, rules-based screen that lands on roughly 100 stocks.

Stated mandate

The Fund seeks to track, before fees and expenses, the total return of the Life + Liberty Freedom 100 Emerging Markets Index using a passive indexing approach.

Why people hold it

  1. 01Not the cap-weighted default. A passive index build that ends at about 100 emerging-markets stocks, so the screen actually shapes what you own.
  2. 02Trading since 2019 and now a multi-billion-dollar fund, so this is an idea with an operating history behind it, not a launch-week pitch.
  3. 03Stays in its lane: a 1940 Act fund holding emerging-markets equity, closely matching the index it names in its prospectus. Distributions come quarterly.

Worth knowing

  1. 01The screen has a price tag: 0.49% a year versus a 0.19% median across its emerging-markets peer group, with VWO and SCHE sitting at 0.06%.
  2. 02About 100 names, not thousands. Country and single-stock swings land harder here than in a whole-market emerging-markets basket.
  3. 03Moderately traded rather than one of the category's volume giants, so spreads deserve a look before you place an order.

FRDM Holdings

As of Sep 20, 2026, 9:25 AM
Asset class
Stocks
Holdings
100
Top-10 weight
53%
Largest holding
005930.KS11.7%

Sectors

  • Technology45.2%
  • Financials22.2%
  • Industrials7.9%
  • Consumer Discr.7.0%
  • Materials6.7%
  • Communication3.3%
  • Utilities2.1%
  • Cons. Staples2.1%
  • Real Estate2.0%
  • Health Care1.6%
  • Energy0.1%

Geography

  • Taiwan27.13%
  • South Korea24.10%
  • Chile14.27%
  • Poland11.11%
  • Brazil7.46%
  • Malaysia4.70%
  • South Africa4.49%
  • Thailand2.60%
  • Other countries (3)4.14%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001005930.KSSamsung Electronics Co Ltd11.70%2,185,541$413M176
002000660.KSSK hynix Inc9.86%258,773$348M184
003TSMTaiwan Semiconductor Manufacturing Co Ltd7.97%646,965$281M268
0042454.TWMediaTek Inc6.25%1,485,568$220M162
005LTM.SNLatam Airlines Group SA3.42%4,676,964,408$121M73
006PEO.WABank Polska Kasa Opieki SA3.41%1,695,137$120M105
0072308.TWDelta Electronics Inc2.83%1,825,835$100M154
008CHILE.SNBanco de Chile2.80%479,546,370$99M83
0092317.TWHon Hai Precision Industry Co Ltd2.57%11,498,917$91M114
010VALE3.SAVale SA2.57%6,367,410$91M79
011Falabella SA2.44%12,520,422$86M2
012LPP.WALPP SA1.81%10,026$64M84
013Malayan Banking Bhd1.64%22,827,367$58M1
014BCI.SNBanco de Credito e Inversiones SA1.53%791,764$54M72
0153711.TWASE Technology Holding Co Ltd1.46%2,569,269$52M115

Showing 1–15 of 133 holdings

FRDM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FRDM$16,712
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FRDM $16,712. SPY $11,723. Use the arrow keys to read each point.$8,914$13,387$17,859Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FRDM. Periods over one year show the average yearly return.
PeriodFRDM
Year to date+44.7%
1 month+7.0%
3 months−3.1%
1 year+67.1%
3 years+39.9%per year
5 years+20.1%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FRDM
YearReturn barFRDM
2026 YTD+44.7%
2025+61.3%
2024+1.7%
2023+22.8%
2022−14.5%
2021+6.1%
2020+16.9%

FRDM in the news

ETF.net Research hasn’t filed on FRDM yet — coverage lands here as it’s written.

FRDM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.50%Last 12 months
Payout per share
$1.10Last 12 months
Last payment
$0.33 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 24 payments from 2019 to 2026 YTD. Jun 17, 2019 $0.04; Sep 16, 2019 $0.17; Dec 30, 2019 $0.09; Jun 15, 2020 $0.14; Sep 14, 2020 $0.09; Dec 30, 2020 $0.13; Jun 14, 2021 $0.09; Sep 13, 2021 $0.13; Dec 30, 2021 $0.50; Dec 29, 2022 $0.75; Mar 29, 2023 $0.10; Jun 28, 2023 $0.29; Sep 27, 2023 $0.23; Dec 20, 2023 $0.25; Mar 26, 2024 $0.02; Jun 27, 2024 $0.42; Sep 27, 2024 $0.17; Dec 30, 2024 $0.21; Mar 28, 2025 $0.27; Jun 27, 2025 $0.35; Sep 29, 2025 $0.22; Dec 23, 2025 $0.33; Mar 30, 2026 $0.23; Jun 29, 2026 $0.33. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.33
Mar 30, 2026Apr 2, 2026$0.23
Dec 23, 2025Dec 26, 2025$0.33
Sep 29, 2025Sep 30, 2025$0.22
Jun 27, 2025Jun 30, 2025$0.35
Mar 28, 2025Mar 31, 2025$0.27
Dec 30, 2024Dec 31, 2024$0.21
Sep 27, 2024Sep 30, 2024$0.17
Jun 27, 2024Jun 28, 2024$0.42
Mar 26, 2024Mar 28, 2024$0.02
Dec 20, 2023Dec 22, 2023$0.25
Sep 27, 2023Sep 29, 2023$0.23

FRDM Risk

How much the fund’s monthly returns vary, scaled to a year.
22.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.27
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.2%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.43
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FRDM Cost

Expense ratio0.49%
  • The middle half of Emerging Markets ESG & Values Index funds
  • Median 0.33%

8 of the 12 Emerging Markets ESG & Values Index funds charge less.

FRDM costs $49.00 a year on $10,000. The median Emerging Markets ESG & Values Index fund costs $33.00.