Freedom 100 Emerging Markets ETF
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.7%
1 yr return
20.4%
3 Yr Avg Return
4.3%
5 Yr Avg Return
7.7%
Net Assets
$750 M
Holdings in Top 10
43.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FRDM - Profile
Distributions
- YTD Total Return 7.7%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.49%
- Dividend Yield 1.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFreedom 100 Emerging Markets ETF
-
Fund Family NameAlpha Architect
-
Inception DateMay 23, 2019
-
Shares Outstanding6800000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrandon Koepke
Fund Description
The Initial Index Universe | Index construction begins with an initial universe of common and preferred stocks (or their depositary receipts) with headquarters domiciled in emerging market countries. As of September 30, 2023, the initial country universe includes: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates (collectively, the “Initial Country Universe”). |
Market Capitalization Screens | The Index Provider determines the countries eligible to be included in the Index at the time of each annual reconstitution of the Index based on the market capitalization of each emerging market relative to world market capitalization (market capitalization ratio). Countries with a market capitalization ratio of at least 0.15% of current world market capitalization and an average market capitalization ratio of at least 0.15% for the prior three years are eligible to be included in the Index (the “Eligible Universe”). |
Country Selection and Weighting | Countries in the eligible universe are freedom-weighted by their country level freedom scores (“Freedom Scores”). Freedom Scores are composed of 83 quantified personal and economic freedom variables compiled by independent third party think-tanks - the Cato Institute and the Fraser Institute. Freedom Scores are used by the Index Provider to derive country weights and inclusions. Based on Index rules, the higher a country’s Freedom Score, the higher its weight in the Index. The lower a country’s Freedom Score, the lower its weight in the Index. Countries with a negative weight are excluded from the Index. As of September 30, 2023, the following ten Emerging Markets were included in the Index: Taiwan, South Korea, Chile, Poland, South Africa, Brazil, Malaysia, Indonesia, Mexico, and the Philippines. (the “included countries”). |
Component Selection and Weighting | The Index securities universe includes all companies domiciled in each of the included countries as determined by the index calculator. Securities must meet minimum market capitalization and liquidity requirements to be eligible for inclusion. Securities with fewer than six months of trading history are excluded from the Index. The ten largest securities within each included country are selected and weighted based on free-float market capitalization. To be clear, country weights are established first, then individual security weights are established (within previously established country weights). Either local shares or depositary receipts can be used in the Index with preference given to depositary receipts for new additions. SOEs, which are defined by the Index Provider as companies with 20% or more government ownership, are excluded from the Index. The Index may include small-, mid-, and large-capitalization companies; however, the rules of the Index will naturally favor large-capitalization companies with high liquidity. |
Index Rebalance | The Index is assessed annually in January of each year at which time the Index is reconstituted and rebalanced by the Index Provider. Component changes are made after the market close on the third Friday of January and become effective at the market open on the next trading day. |
FRDM - Performance
Return Ranking - Trailing
Period | FRDM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.7% | -12.2% | 31.8% | 73.38% |
1 Yr | 20.4% | -5.3% | 42.6% | 30.14% |
3 Yr | 4.3%* | -13.4% | 11.6% | 4.68% |
5 Yr | 7.7%* | -5.2% | 11.4% | 7.59% |
10 Yr | N/A* | -2.2% | 6.6% | 64.72% |
* Annualized
Return Ranking - Calendar
Period | FRDM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.3% | -6.5% | 35.5% | 7.15% |
2022 | -16.7% | -50.1% | -2.4% | 8.39% |
2021 | 3.9% | -33.1% | 22.5% | 11.94% |
2020 | 15.4% | -22.1% | 80.1% | 55.36% |
2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
Period | FRDM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.7% | -12.2% | 31.8% | 73.38% |
1 Yr | 20.4% | -5.3% | 42.6% | 30.14% |
3 Yr | 4.3%* | -13.4% | 11.6% | 4.68% |
5 Yr | 7.7%* | -5.2% | 11.4% | 7.59% |
10 Yr | N/A* | -2.2% | 6.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FRDM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.8% | -2.7% | 42.0% | 5.47% |
2022 | -14.5% | -42.2% | 1.9% | 8.25% |
2021 | 6.1% | -32.5% | 33.1% | 17.30% |
2020 | 16.9% | -20.0% | 81.6% | 57.60% |
2019 | N/A | 2.3% | 42.0% | N/A |
FRDM - Holdings
Concentration Analysis
FRDM | Category Low | Category High | FRDM % Rank | |
---|---|---|---|---|
Net Assets | 750 M | 682 K | 103 B | 40.62% |
Number of Holdings | 114 | 9 | 7534 | 41.74% |
Net Assets in Top 10 | 369 M | 290 K | 23.8 B | 35.85% |
Weighting of Top 10 | 43.23% | 2.9% | 101.1% | 16.55% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 10.00%
- Samsung Electronics Co Ltd 7.00%
- Hon Hai Precision Industry Co Ltd 5.20%
- SK Hynix Inc 3.82%
- Bank Polska Kasa Opieki SA 3.73%
- MediaTek Inc 3.51%
- Sociedad Quimica y Minera de Chile SA 3.06%
- Latam Airlines Group SA 2.56%
- Banco de Chile 2.35%
- Dino Polska SA 2.00%
Asset Allocation
Weighting | Return Low | Return High | FRDM % Rank | |
---|---|---|---|---|
Stocks | 94.42% | 0.00% | 107.82% | 77.31% |
Cash | 4.67% | -2.03% | 98.08% | 14.85% |
Preferred Stocks | 0.91% | 0.00% | 13.31% | 44.54% |
Other | 0.00% | -1.11% | 26.93% | 56.86% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 41.47% |
Bonds | 0.00% | 0.00% | 88.10% | 46.64% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FRDM % Rank | |
---|---|---|---|---|
Technology | 24.83% | 0.00% | 47.50% | 36.74% |
Financial Services | 22.50% | 0.00% | 48.86% | 45.25% |
Basic Materials | 20.01% | 0.00% | 30.03% | 1.56% |
Consumer Cyclical | 8.10% | 0.00% | 48.94% | 89.22% |
Communication Services | 8.08% | 0.00% | 39.29% | 58.30% |
Industrials | 6.91% | 0.00% | 43.53% | 36.31% |
Consumer Defense | 5.48% | 0.00% | 25.90% | 66.52% |
Healthcare | 2.26% | 0.00% | 16.53% | 76.60% |
Energy | 0.94% | 0.00% | 24.80% | 84.96% |
Utilities | 0.89% | 0.00% | 39.12% | 59.29% |
Real Estate | 0.00% | 0.00% | 17.15% | 90.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FRDM % Rank | |
---|---|---|---|---|
Non US | 76.38% | 0.00% | 100.18% | 80.39% |
US | 18.04% | 0.00% | 100.95% | 21.29% |
FRDM - Expenses
Operational Fees
FRDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.49% | 0.03% | 29.98% | 91.57% |
Management Fee | 0.49% | 0.00% | 2.00% | 9.82% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
FRDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FRDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FRDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 189.00% | N/A |
FRDM - Distributions
Dividend Yield Analysis
FRDM | Category Low | Category High | FRDM % Rank | |
---|---|---|---|---|
Dividend Yield | 1.94% | 0.00% | 9.74% | 33.47% |
Dividend Distribution Analysis
FRDM | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FRDM | Category Low | Category High | FRDM % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.49% | -1.98% | 17.62% | 9.59% |
Capital Gain Distribution Analysis
FRDM | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.171 | OrdinaryDividend |
Jun 27, 2024 | $0.420 | OrdinaryDividend |
Mar 26, 2024 | $0.025 | OrdinaryDividend |
Dec 20, 2023 | $0.254 | OrdinaryDividend |
Sep 27, 2023 | $0.231 | OrdinaryDividend |
Jun 28, 2023 | $0.290 | OrdinaryDividend |
Mar 29, 2023 | $0.099 | OrdinaryDividend |
Dec 29, 2022 | $0.751 | OrdinaryDividend |
Dec 30, 2021 | $0.500 | OrdinaryDividend |
Sep 13, 2021 | $0.127 | OrdinaryDividend |
Jun 14, 2021 | $0.093 | OrdinaryDividend |
Dec 30, 2020 | $0.132 | OrdinaryDividend |
Sep 14, 2020 | $0.086 | OrdinaryDividend |
Jun 15, 2020 | $0.137 | OrdinaryDividend |
Dec 30, 2019 | $0.091 | OrdinaryDividend |
Sep 16, 2019 | $0.168 | OrdinaryDividend |
Jun 17, 2019 | $0.035 | OrdinaryDividend |
FRDM - Fund Manager Analysis
Managers
Brandon Koepke
Start Date
Tenure
Tenure Rank
Jun 26, 2020
1.93
1.9%
Mr. Brandon Koepke serves as Chief Technology Officer & Portfolio Manager. Mr. Koepke has a BSc in Computer Science specializing in Software Engineering at the University of Calgary and a BComm in Finance from the Haskayne School of Business.
Richard Shaner
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Mr. Richard Shaner has been portfolio manager of the Fund since 2021. Mr. Shaner has advised on trading and execution matters for the Adviser since January 2021, where he supports trading operations and assists in quantitative research. Prior to Mr. Shaner’s tenure with the Adviser, Mr. Shaner executed various trading strategies for a private family office. Mr. Shaner has a B.Sc in Kinesiology and Applied Physiology from the University of Colorado. He is also a CFA® Charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.66 | 13.42 |