Fermi Inc. Common Stock

Frequently Asked Questions About FRMI

What does FRMI invest in?

Fermi Inc. is dedicated to establishing essential energy infrastructure. The company plans to build an integrated campus that combines energy production with data center facilities, designed to meet the significant requirements of forthcoming artificial intelligence infrastructure. Co-founded by Rick Perry, Toby Neugebauer, and Griffin Perry, the firm was established on January 10, 2025, and operates from its headquarters in Amarillo, Texas.

What is the expense ratio of FRMI?

An expense ratio for Fermi Inc. Common Stock (FRMI) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is FRMI?

Fermi Inc. Common Stock (FRMI) manages $3.97B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FRMI actively managed or an index fund?

FRMI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FRMI launched?

Fermi Inc. Common Stock (FRMI) launched in October 2025 and is managed by the fund issuer.

How has FRMI performed?

FRMI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.