FMKT The Free Markets ETF
Quote as of Oct 12, 2026 19:33 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 21.82 | Day Range | 21.86 – 21.86 |
| 52-Week Range | 19.55 – 24.45 | Volume | 233 |
| Avg Volume | 3.20K | AUM | $10.2M (Oct 12, 2026) |
| Expense Ratio | 0.75% | Yield (TTM) | 2.13% |
| NAV | 21.82 | Premium/Discount | +0.21% indicative |
| Inception | Jun 09, 2025 | Holdings | — |
| Issuer | Free Market | Exchange | AMEX |
| Category | Healthcare | Index Tracked | Not stated in source data |
| CUSIP | 039483102 | ISIN | US8863641408 |
| Management | Actively managed (per issuer description) | ||
About this ETF
This actively managed exchange-traded fund endeavors to generate returns by investing in U.S.-listed companies poised to benefit from evolving regulatory environments that promote free-market principles. Its primary focus is on industries historically burdened by extensive oversight, such as healthcare, financial services, and energy, anticipating forthcoming regulatory relief. However, the fund also allocates capital to less regulated sectors like technology and consumer goods. The strategy capitalizes on various favorable policy shifts, including reduced government intervention, tax reductions, streamlined licensing procedures, and the elimination of trade barriers. By anticipating these regulatory transformations, the fund aims to uncover undervalued opportunities and mitigate the impact of increasing regulatory burdens elsewhere. Company selection emphasizes evaluating businesses for their potential to capitalize on deregulation, assessing their adaptability, strategic initiatives, and competitive standing within their respective markets. The portfolio typically comprises between 25 and 50 holdings, with at least 80% of its assets dedicated to entities expected to gain from deregulation. Furthermore, up to 5% of the fund's assets may be channeled into exchange-traded products offering exposure to Bitcoin and Ether, thereby diversifying the portfolio and tapping into the growth potential of digital assets.
Description from the fund data provider · profile as of Oct 12, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -3.24% | -0.64% | +4.40% | +1.11% | -9.72% | — | — | — | +9.87% |
| Total return | -3.24% | -0.64% | +4.40% | +1.11% | -7.85% | — | — | — | +12.19% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.75% | Annual cost of a $10,000 investment | $75.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Sep 27, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 44 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Robinhood Markets Inc | HOOD | 5.49% | 5.25K | $634.3K |
| 2 | Archer-Daniels-Midland Co | ADM | 5.31% | 7.49K | $613.4K |
| 3 | Welltower Inc | WELL | 5.05% | 2.50K | $583.1K |
| 4 | Interactive Brokers Group Inc | IBKR | 4.65% | 5.98K | $537.4K |
| 5 | Oracle Corp | ORCL | 4.63% | 3.83K | $534.9K |
| 6 | EMCOR Group Inc | EME | 4.53% | 695 | $522.6K |
| 7 | Microsoft Corp | MSFT | 4.04% | 937 | $466.6K |
| 8 | Biogen Inc | BIIB | 3.98% | 2.03K | $459.3K |
| 9 | First American Government Obligations Fund… | — | 3.63% | 419.77K | $419.8K |
| 10 | Intel Corp | INTC | 3.58% | 3.25K | $413.9K |
| 11 | Circle Internet Group Inc | CRCL | 3.25% | 4.04K | $375.9K |
| 12 | Deere & Co | DE | 3.06% | 508 | $353.0K |
| 13 | Palantir Technologies Inc | PLTR | 2.90% | 1.74K | $334.9K |
| 14 | Citizens Financial Group Inc | CFG | 2.88% | 5.13K | $332.1K |
| 15 | Blackstone Inc | BX | 2.76% | 2.72K | $318.5K |
| 16 | Applied Industrial Technologies Inc | AIT | 2.76% | 959 | $318.4K |
| 17 | US Bancorp | USB | 2.50% | 4.95K | $288.9K |
| 18 | Howmet Aerospace Inc | HWM | 2.48% | 1.25K | $286.0K |
| 19 | Williams Cos Inc/The | WMB | 2.46% | 4.03K | $284.6K |
| 20 | PNC Financial Services Group Inc/The | PNC | 2.39% | 1.24K | $275.8K |
| 21 | KeyCorp | KEY | 2.22% | 12.66K | $256.3K |
| 22 | Eaton Corp PLC | ETN | 2.15% | 564 | $248.2K |
| 23 | CareTrust REIT Inc | CTRE | 1.94% | 6.02K | $224.6K |
| 24 | Northrop Grumman Corp | NOC | 1.84% | 418 | $212.8K |
| 25 | Abbott Laboratories | ABT | 1.83% | 2.09K | $210.9K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.13% | Paid (last 12 months) | $0.4640 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 23, 2025 | Last payment | $0.4640 (Dec 24, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 23, 2025 | Dec 23, 2025 | Dec 24, 2025 | $0.4640 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 19.57% / — | Sharpe 1Y / 3Y | -0.354 / — |
| Max drawdown 1Y / 3Y | -17.61% / — | Sortino 1Y | -0.51 |
| Beta vs S&P 500 (3Y) | 1.14 | Correlation vs S&P 500 (1Y) | 0.736 |
| Downside deviation 1Y | 13.58% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 12, 2026. Formulas →
Liquidity
| Volume today | 233 | Average volume | 3.20K |
| AUM | $10.2M | Premium/Discount | +0.21% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $40.0K | +0.39% | $10.2M → $10.2M |
| 1 Month | -$10.4M | -49.04% | $21.2M → $10.2M |
| 1 Week | -$1.1M | -9.29% | $11.4M → $10.2M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for FMKT
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.