Key stats
About Free Markets ETF
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Inception date
Jun 9, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863641408
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Utilities
Stocks95.90%
Finance28.41%
Utilities12.94%
Industrial Services8.28%
Technology Services8.08%
Electronic Technology7.07%
Transportation6.44%
Non-Energy Minerals4.16%
Producer Manufacturing4.09%
Energy Minerals4.01%
Consumer Services3.59%
Process Industries3.35%
Distribution Services2.62%
Health Technology1.49%
Health Services1.36%
Bonds, Cash & Other4.10%
Mutual fund2.14%
ETF1.88%
Cash0.08%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMKT invests in stocks. The fund's major sectors are Finance, with 28.41% stocks, and Utilities, with 12.94% of the basket. The assets are mostly located in the North America region.
FMKT top holdings are Uranium Energy Corp. and Vistra Corp., occupying 4.16% and 3.60% of the portfolio correspondingly.
No, FMKT doesn't pay dividends to its holders.
FMKT shares are issued by Toroso Investments Topco LLC under the brand Free Market. The ETF was launched on Jun 9, 2025, and its management style is Active.
FMKT expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
FMKT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMKT invests in stocks.