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
$ 3.4 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 | 11.9 % |
| HYNIX SEMICONDUCTOR INC | 9.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 7.8 % |
| MEDIATEK INC | 4.9 % |
| LAN AIRLINES SA | 4.2 % |
| BANK PEKAO SA | 3.3 % |
| BANCO DE CHILE | 3.0 % |
| VALE SA | 2.9 % |
| DELTA ELECTRONICS INC | 2.8 % |
| HON HAI PRECISION INDUSTRY | 2.7 % |
Constituent Breakdown
| Number of holdings | 117 |
| Herfindahl-Hirschman Index | 393 |
| Wgt avg mkt cap (mns) | $391,394 |
| Large cap (>$10bn) | 80.8% |
| Mid cap ($2-10bn) | 15.1% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 97.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 25.2 % |
 |
SOUTH KOREA | 24.2 % |
 |
CHILE | 15.4 % |
 |
POLAND | 10.0 % |
 |
BRAZIL | 7.1 % |
 |
MALAYSIA | 5.0 % |
 |
SOUTH AFRICA | 4.3 % |
 |
THAILAND | 2.2 % |
 |
MEXICO | 1.6 % |
 |
PHILIPPINES | 1.6 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 27.0% | 61.6% | 36.1% | 25.6% | 14.1% | -- | -- | 543.5% |
| Dividend Yield | 1.1% | 3.3% | 3.3% | 3.2% | 3.1% | -- | -- | 0.0% |
| Total Returns | 28.1% | 64.9% | 39.4% | 28.8% | 17.2% | -- | -- | 543.5% | Ann. Volatility | 38.1% | 30.7% | 26.5% | 23.7% | 22.4% | -- | -- | 999.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.75 | 54% |
| MSCI EAFE | 1.56 | 64% |
| MSCI Emg Mkts | 1.21 | 93% |
Liquidity Measures
| Avg. volume (000) | 300 |
| ADV traded (mns) | $20 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $66.88 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -1.56/-1.38 |
| Bollinger Bands (Upper/Lower) | $71.20/$61.54 |
| 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 |
|---|---|---|---|---|
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 35.0% | +26 bp | +0.6% |
| STXE | Strive Emerging Markets Ex-China ETF | 34.2% | -17 bp | -0.2% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 31.9% | +26 bp | +0.9% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 30.2% | -24 bp | -0.3% |
| AIA | iShares Asia 50 ETF | 30.0% | +1 bp | +2.4% |
| EMM | Global X Emerging Markets ex-China ETF | 30.0% | +26 bp | -0.8% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 29.0% | -20 bp | +1.5% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 28.9% | -25 bp | -0.3% |
| ECON | Columbia Emerging Markets Consumer ETF | 28.8% | 0 bp | +1.3% |
| XCEM | Columbia EM Core ex-China ETF | 28.4% | -33 bp | -0.3% |
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 8/9/2026
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
6.2%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 215 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. FRDM's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places FRDM in the 25th percentile
among funds in the category.
Sell-Side Consensus
$69.08
PRICE TARGET
+3.6%
UPSIDE