FMKT The Free Markets ETF
Quote as of Aug 26, 2026 15:20 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 22.65 | Day Range | 22.74 – 22.81 |
| 52-Week Range | 19.55 – 24.88 | Volume | 1.84K |
| Avg Volume | 4.78K | AUM | $21.2M (Aug 27, 2026) |
| Expense Ratio | 0.76% | Yield (TTM) | 2.03% |
| NAV | 22.65 | Premium/Discount | +0.70% indicative |
| Inception | Mar 31, 2025 | Holdings | — |
| Issuer | Free Market | Exchange | AMEX |
| Category | Technology | Index Tracked | Not stated in source data |
| CUSIP | 886364140 | ISIN | US8863641408 |
| Management | Actively managed (per issuer description) | ||
About this ETF
FMKT is an actively managed fund that aims to capitalize on US listed equities that are anticipated to benefit from regulatory shifts favoring free market dynamics. The fund targets sectors burdened by high regulation like healthcare, financial services, and energy, predicting regulatory relief. Investments also span technology and consumer goods sectors less affected by regulation. Examples of favorable shifts include deregulation, reduced taxes, licensing reforms, and tariffs elimination. The Fund seeks value by leveraging expected regulatory reforms, aiming to buffer against increased regulatory burdens. The selection process evaluates companies poised for deregulation benefits, focusing on their adaptability, strategies, and competitive positioning within industries. The portfolio generally consists of 25-50 positions, investing at least 80% in deregulation beneficiaries. Up to 5% may be invested in ETPs with exposure to Bitcoin and Ether, enhancing diversification and seizing digital asset growth opportunities.
Description from the fund data provider · profile as of Aug 27, 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 | +4.54% | +2.01% | +4.11% | +5.70% | +4.16% | — | — | — | +14.85% |
| Total return | +4.54% | +2.01% | +4.11% | +5.70% | +6.34% | — | — | — | +17.28% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.76% | Annual cost of a $10,000 investment | $76.00 |
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 Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 45 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland Co | ADM | 5.25% | 7.49K | $612.0K |
| 2 | Welltower Inc | WELL | 5.08% | 2.50K | $592.6K |
| 3 | Howmet Aerospace Inc | HWM | 4.77% | 2.03K | $555.8K |
| 4 | EMCOR Group Inc | EME | 4.69% | 695 | $547.2K |
| 5 | Oracle Corp | ORCL | 4.67% | 3.83K | $544.6K |
| 6 | Interactive Brokers Group Inc | IBKR | 4.61% | 5.98K | $537.6K |
| 7 | Robinhood Markets Inc | HOOD | 4.28% | 5.25K | $499.3K |
| 8 | Microsoft Corp | MSFT | 3.87% | 937 | $450.8K |
| 9 | Biogen Inc | BIIB | 3.73% | 2.03K | $434.9K |
| 10 | Blackstone Inc | BX | 3.29% | 2.72K | $384.0K |
| 11 | First American Government Obligations Fund… | — | 3.26% | 380.30K | $380.3K |
| 12 | Citizens Financial Group Inc | CFG | 3.07% | 5.13K | $357.6K |
| 13 | Circle Internet Group Inc | CRCL | 2.90% | 4.04K | $338.2K |
| 14 | Applied Industrial Technologies Inc | AIT | 2.80% | 959 | $326.4K |
| 15 | US Bancorp | USB | 2.62% | 4.95K | $305.6K |
| 16 | Palantir Technologies Inc | PLTR | 2.59% | 1.74K | $302.5K |
| 17 | Intel Corp | INTC | 2.57% | 3.25K | $299.3K |
| 18 | PNC Financial Services Group Inc/The | PNC | 2.56% | 1.24K | $298.4K |
| 19 | Williams Cos Inc/The | WMB | 2.48% | 4.03K | $289.0K |
| 20 | KeyCorp | KEY | 2.37% | 12.66K | $276.6K |
| 21 | CareTrust REIT Inc | CTRE | 2.05% | 6.02K | $239.2K |
| 22 | Abbott Laboratories | ABT | 2.04% | 2.09K | $238.2K |
| 23 | Northrop Grumman Corp | NOC | 2.02% | 418 | $235.7K |
| 24 | Eaton Corp PLC | ETN | 2.01% | 564 | $234.2K |
| 25 | Tractor Supply Co | TSCO | 1.95% | 6.47K | $226.8K |
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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) | 2.03% | 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 | 19.60% / — | Sharpe 1Y / 3Y | 0.24 / — |
| Max drawdown 1Y / 3Y | -17.79% / — | Sortino 1Y | 0.348 |
| Beta vs S&P 500 (3Y) | 1.12 | Correlation vs S&P 500 (1Y) | 0.738 |
| Downside deviation 1Y | 13.52% | Risk-free rate used | 3.71% (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 Aug 27, 2026. Formulas →
Liquidity
| Volume today | 1.84K | Average volume | 4.78K |
| AUM | $21.2M | Premium/Discount | +0.70% |
| 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 | $0.00 | 0.00% | $21.2M → $21.2M |
| 1 Week | -$378.2K | -1.78% | $21.2M → $21.2M |
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.