FRDM ETF — Holdings & Analysis

With an expense ratio of 0.49%, FRDM focuses on companies within emerging markets while adhering to specific freedom-based criteria. The fund's top holdings include Samsung Electronics Co Ltd, Taiwan Semiconductor Manufacturing Co Ltd ADR, and SK Hynix Inc, reflecting a significant allocation to the technology sector.

Freedom 100 Emerging Markets ETF (FRDM) ETF — Price, Holdings & Analysis

The Freedom 100 Emerging Markets ETF (FRDM) is a $1.63 billion fund that seeks to track the performance of approximately 100 equity securities in emerging market countries, offering exposure to markets that prioritize freedom and economic growth. With an expense ratio of 0.49%, FRDM focuses on companies within emerging markets while adhering to specific freedom-based criteria. The fund's top holdings include Samsung Electronics Co Ltd, Taiwan Semiconductor Manufacturing Co Ltd ADR, and SK Hynix Inc, reflecting a significant allocation to the technology sector.

ETF Overview

Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index is designed to track the performance of a portfolio of approximately 100 equity securities in emerging market countries. The fund is non-diversified.

FRDM aims to provide investors with exposure to emerging market equities while considering factors beyond traditional financial metrics. The fund invests at least 80% of its assets in the component securities of its underlying index, which tracks approximately 100 equity securities in emerging market countries. This approach differentiates FRDM by incorporating freedom-based criteria into its investment selection process. The ETF's sector allocation is heavily weighted towards Technology (36.6%) and Financial Services (23.3%), with significant holdings in companies like Samsung Electronics (10.50%), Taiwan Semiconductor Manufacturing (7.72%), and SK Hynix (6.08%). FRDM is non-diversified, which means it can invest a larger portion of its assets in a smaller number of issuers compared to a diversified fund. This strategy may appeal to investors seeking targeted exposure to emerging markets with a specific focus on freedom-oriented economies.

Risk Metrics

FRDM's non-diversified status and concentrated sector allocation introduce specific risks. The significant allocation to the Technology sector (36.6%) means the fund's performance is closely tied to the performance of technology companies in emerging markets. Country exposure is also concentrated, with Taiwan (22.1%), South Korea (18.1%), and Chile (17.7%) representing a substantial portion of the fund's holdings, making it vulnerable to economic or political instability in these regions. With a beta of 1.23, FRDM is more volatile than the broader market. The 0.49% expense ratio will create a drag on returns, especially in periods of lower market performance. these may be worth researching factors when evaluating FRDM's suitability for their portfolio. Past performance does not guarantee future results.

Expense Ratio

0.49%

What does FRDM hold?

Holding	Weight
Samsung Electronics Co Ltd (005930.KS)	10.50%
Taiwan Semiconductor Manufacturing Co Ltd ADR (TSM)	7.72%
SK Hynix Inc (000660.KS)	6.08%
LATAM Airlines Group SA (LTM.SN)	4.16%
Vale SA (VALE3.SA)	3.50%
Bank Polska Kasa Opieki SA (PEO.WA)	3.20%
Banco De Chile (CHILE.SN)	3.15%
MediaTek Inc (2454.TW)	2.95%
Falabella SA (FALABELLA.SN)	2.90%
Hon Hai Precision Industry Co Ltd (2317.TW)	2.85%

How Is the Fund Allocated?

Sector	Weight
Technology	36.6%
Financial Services	23.3%
Industrials	9.3%
Consumer Cyclical	8.8%
Basic Materials	8.3%
Communication Services	3.9%
Consumer Defensive	2.6%
Real Estate	2.5%
Utilities	2.5%
Healthcare	2.0%
Energy	0.2%

Country	Weight
Taiwan	22.1%
South Korea	18.1%
Chile	17.7%
Poland	11.9%
Brazil	9.6%
Malaysia	6.1%
South Africa	5.7%
Thailand	3.0%
Mexico	2.3%
Philippines	1.9%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 1.23

Questions & Answers

What is FRDM and what does it track?

FRDM, or the Freedom 100 Emerging Markets ETF, is an exchange-traded fund that aims to track the performance of an index composed of approximately 100 equity securities in emerging market countries.

The fund is designed to provide investors with exposure to companies operating in emerging economies while considering factors related to economic and political freedom.

What is the expense ratio for FRDM?

The expense ratio for FRDM is 0.49%. This means that for every $10,000 invested in the fund, $49 is used to cover the fund's operating expenses annually.

While this provides access to a specific investment strategy focused on emerging markets, it's important to consider the cost relative to other ETFs in the equity category. Investors should weigh the expense ratio against the potential benefits of FRDM's unique investment approach.

What are the top holdings in FRDM?

As of 2026-03-15, the top holdings in FRDM are: Samsung Electronics Co Ltd (10.50%), Taiwan Semiconductor Manufacturing Co Ltd ADR (7.72%), and SK Hynix Inc (6.08%). These holdings reflect a significant allocation to the technology sector within emerging markets.

Is FRDM a good long-term investment?

Whether FRDM is a suitable long-term investment depends on an individual investor's risk tolerance, investment objectives, and time horizon.

FRDM offers exposure to emerging market equities, which can provide growth potential but also comes with inherent risks, including political and economic instability. The fund's expense ratio of 0.49% and beta of 1.23 should also be considered.

How does FRDM compare to similar ETFs?

FRDM distinguishes itself through its focus on freedom-oriented emerging market economies. In comparison to other emerging market ETFs, FRDM's expense ratio of 0.49% may be higher or lower depending on the specific competitor.

Its AUM of $1.63 billion indicates a moderate level of investor interest.

Does FRDM pay dividends?

According to the latest data, FRDM's dividend yield is 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield.

The absence of a dividend yield may be attributed to the fund's focus on growth-oriented companies in emerging markets, which may prioritize reinvesting earnings over distributing dividends.