The Free Markets ETF (FMKT) Holdings & Expense Ratio

For informational purposes only. Not financial advice.

Quick Answer

The Free Markets ETF (FMKT) has a last stored price of $21.93, as of the Oct 2, 2026 trading session. It has a 0.76% expense ratio and $21M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is First American Government Obligs X (FGXXX) at 9.47%.

The Free Markets ETF (FMKT) ETF — Price, Holdings & Analysis

ETF Overview

The Free Markets ETF (FMKT) is designed for investors seeking exposure to companies anticipated to benefit from regulatory changes that promote free market principles. This actively managed fund focuses on identifying US-listed equities in sectors heavily influenced by regulation, such as healthcare, financial services, and energy. FMKT's strategy involves predicting and capitalizing on regulatory relief through deregulation, reduced taxes, and the elimination of tariffs. The fund's investment selection process emphasizes companies' adaptability, strategies, and competitive positioning within their respective industries. The portfolio typically holds 25-50 positions, with at least 80% of its assets invested in companies expected to benefit from deregulation. FMKT also allocates up to 5% of its portfolio to ETPs with exposure to Bitcoin and Ether, aiming to enhance diversification and capture growth opportunities in the digital asset space. Top holdings include First American Government Obligs X (9.47%), Nexstar Media Group Inc (4.03%), and Williams Companies Inc (3.77%).

Risk Metrics

FMKT's active management and focused investment strategy introduce specific risks. The fund's concentration in companies expected to benefit from regulatory changes exposes it to the risk that these anticipated changes may not materialize or may not have the expected positive impact. the fund exhibits significant concentration risk, as the performance of a few key holdings can substantially impact overall returns. The 0.76% expense ratio is relatively high, potentially creating a drag on performance compared to passively managed ETFs with lower fees. The fund's investments in sectors like energy and financial services also expose it to sector-specific risks and regulatory uncertainties. The inclusion of ETPs with exposure to Bitcoin and Ether adds another layer of risk due to the volatility and regulatory uncertainty associated with digital assets. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

0.76%

What does FMKT hold?

Holding	Weight
First American Government Obligs X (FGXXX)	9.47%
Nexstar Media Group Inc (NXST)	4.03%
Williams Companies Inc (WMB)	3.77%
Biogen Inc (BIIB)	3.40%
Uranium Energy Corp (UEC)	3.01%
Peabody Energy Corp (BTU)	3.01%
Interactive Brokers Group Inc Class A (IBKR)	3.00%
KeyCorp (KEY)	2.95%
Citizens Financial Group Inc (CFG)	2.94%
Dominion Energy Inc (D)	2.68%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

Dividend Yield

0.00%

ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Questions & Answers

What is FMKT and what does it track?

The Free Markets ETF (FMKT) is an actively managed fund that seeks to invest in US-listed equities anticipated to benefit from regulatory shifts favoring free market dynamics.

It focuses on sectors like healthcare, financial services, and energy, predicting regulatory relief through deregulation, reduced taxes, and licensing reforms.

What is the expense ratio for FMKT?

The expense ratio for The Free Markets ETF (FMKT) is 0.76%. This means that for every $10,000 invested in the fund, $76 is used to cover the fund's operating expenses.

What are the top holdings in FMKT?

As of 2026-03-15, the top holdings in The Free Markets ETF (FMKT) are: First American Government Obligs X (FGXXX) at 9.47%, Nexstar Media Group Inc (NXST) at 4.03%, and Williams Companies Inc (WMB) at 3.77%.

These holdings reflect the fund's strategy of investing in companies expected to benefit from regulatory changes and free market dynamics.

Is FMKT a good long-term investment?

FMKT's suitability as a long-term investment depends on an investor's risk tolerance and belief in the fund's strategy of capitalizing on regulatory shifts. The fund's active management and focus on specific sectors introduce both opportunities and risks.

How does FMKT compare to similar ETFs?

FMKT differentiates itself through its unique focus on companies expected to benefit from regulatory shifts favoring free market dynamics.

Unlike broad-based equity ETFs, FMKT employs an active management strategy to identify and invest in companies poised to gain from deregulation and reduced regulatory burdens.

Does FMKT pay dividends?

As of 2026-03-15, The Free Markets ETF (FMKT) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

The fund's investment strategy focuses on capital appreciation through investments in companies expected to benefit from regulatory changes, rather than generating income through dividends. Investors seeking dividend income may want to consider other equity ETFs with a higher dividend yield.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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