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The Fund seeks to track the total return performance, before fees and expenses, of the Life + Liberty Freedom 100 Emerging Markets Index. The Fund invests, under normal circumstances, at least 80% of its assets in the component securities of the Index or in depositary receipts representing such component securities.
Is FRDM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
South Korea ETFs are pulling back, but robust exports and rising AI spending could create a compelling long-term buying opportunity.
The Freedom 100 Emerging Markets ETF targets EM equities with high civil, political, and economic freedom scores, avoiding autocracies and state-owned enterprises. FRDM's portfolio is tech-heavy, with 55% concentrated in South Korea and Taiwan, and the top 10 holdings comprising 57% of assets. FRDM offers a 0.49% expense ratio, quarterly distributions, and trades at a 25-30% valuation discount to global markets, but exhibits high volatility and tracking error.
Three funds dominate the emerging markets ex-China conversation right now, and each one has put meaningful daylight between itself and the S&P 500 so far this year.
Amid President Trump's meeting in China, ex-China ETFs offer investors emerging markets growth without the China headline risk.
Freedom 100 Emerging Markets ETF (FRDM) employs a semi-quantitative, freedom-weighted selection strategy, resulting in a concentrated active portfolio with 79% active share versus MSCI EM. FRDM has outperformed top passive EM ETFs by at least 1.64x, driven by high exposure to semiconductors and exclusion of China and state-owned enterprises. The ETF's largest holdings are semiconductor stocks, creating both significant upside from sector momentum and heightened risk if the memory supercycle reverses.