IQ

FRDM · Freedom 100 Emerging Markets ETF

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$62.16
+0.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

FRDM tracks an index and returned +33.5% over the past year.

Why did FRDM return +240.8% from May 2020 to Oct 2026, against GSEE’s +92.4%?Is a 0.49% fee low for a fund like FRDM?What does FRDM cost to hold and to trade?
Equity fund · Tracks an indexExpense ratio 0.49%Fund assets $3.6bn net assets, latest filing (Jun 30, 2026)First traded May 23, 2019Benchmark Solactive GBS Emerging Markets Large & Mid Cap Index, measured by GSEE, which tracks the same indexSEC filings ↗Dividend history

FRDM returned +33.5% over the year to Nov 4, 2026, charges 0.49% a year and holds $3.6bn in net assets on Jun 30, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about FRDMAdd to portfolioOverlapAlerts

FRDM risk and return scorecard

vs GSEE · May 2020 to Oct 2026 · 336 weekly returns · dividend-adjusted

6.4 years
FRDM +240.8%, GSEE +92.4%, May 2020 to Oct 2026, distributions reinvested.
Return
MeasureFRDMGSEEEdge
Total return+240.8%+92.4%FRDM
Annualized+20.9%+10.7%FRDM
Price return+192.0%+57.8%FRDM
Risk
MeasureFRDMGSEEEdge
Volatility22.0%17.9%GSEE
Max drawdown−28.7%−36.9%FRDM
Upside capture129.1%100.0%FRDM
Downside capture100.6%100.0%Tie
Risk-adjusted
MeasureFRDMGSEEEdge
Sharpe ratio0.830.48FRDM
Sortino ratio1.280.71FRDM
Alpha vs GSEE
MeasureFRDMGSEEEdge
Alpha, a year+8.9%FRDM
Alpha t-stat2.21
Beta to GSEE1.091.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

FRDM −13.9%, GSEE −10.3%: total return over one month to Nov 4, 2026.
FRDM−13.9%
GSEE−10.3%
FRDM −7.3%, GSEE −6.5%: total return over three months to Nov 4, 2026.
FRDM−7.3%
GSEE−6.5%
FRDM −7.9%, GSEE −8.6%: total return over six months to Nov 4, 2026.
FRDM−7.9%
GSEE−8.6%
FRDM +22.8%, GSEE +12.7%: total return over the year to Nov 4, 2026.
FRDM+22.8%
GSEE+12.7%
FRDM +33.5%, GSEE +14.3%: total return over one year to Nov 4, 2026.
FRDM+33.5%
GSEE+14.3%
FRDM +125.1%, GSEE +69.0%: total return over three years to Nov 4, 2026.
FRDM+125.1%
GSEE+69.0%
FRDM +111.2%, GSEE +37.9%: total return over five years to Nov 4, 2026.
FRDM+111.2%
GSEE+37.9%
FRDM +194.9%: total return since launch to Nov 4, 2026.
FRDM+194.9%
askIQ: why did FRDM return +33.5% over one year, against GSEE’s +14.3%? ↗

How concentrated, and what does it cost?

not read by ETFIQ
+33.5%
Total return, 1 year
Report
0.49%
Expense ratio
Report
126
Holdings
Report
−17.7%
Below its high
Report
2.5%
12-month yield, capital gains included, on its starting price
Report
$0.2934
Last payment (paid quarterly), ex-date Sep 28, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.49% fee low for a fund like FRDM? ↗

More on FRDM

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Price, 1 year

$62.16+0.6%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +33.5%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

FRDM returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (GSEE)Gap to GSEES&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−13.9%−10.3%−3.6 pts−1.0%
3M Aug 5 – Nov 4, 2026−7.3%−6.5%−0.8 pts−0.1%
6M May 6 – Nov 4, 2026−7.9%−8.6%+0.7 pts+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+22.8%+12.7%+10.1 pts+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+33.5%+14.3%+19.2 pts+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+125.1%+69.0%+56.1 pts+82.9%
5Y Nov 5, 2021 – Nov 4, 2026+111.2%+37.9%+73.3 pts+75.0%
Since launch May 23, 2019 – Nov 4, 2026+194.9%not availablenot available+203.4%
Since launch, annualised May 23, 2019 – Nov 4, 2026+15.6%–––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

FRDM key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$76.19 on Jun 22, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$46.12 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$62.16, 53% of the way from the low to the high
Holdings126
Top ten weight56.6%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Dec 13, 2024
Trading · FRDMas of Dec 13, 2024
·
Not scored1 of 6 measured · Dec 13, 2024
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

FRDM for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
FRDM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

FRDM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

FRDM top ten by weight, 56.6% of the fund, of its 126 equity positions, from the holdings filed for Jun 30, 2026. An index fund holds what the index holds, so this is the index. Source: the fund’s SEC filing.

Samsung Electronics Co Ltd 005930 KRX 13.07%
SK hynix Inc 000660 KRX 12.28%
Taiwan Semiconductor Manufacturing Co Ltd TSM 8.52%
MediaTek Inc 2454 TPE 5.46%
Latam Airlines Group SA LTM CI 3.77%
Delta Electronics Inc 2308 TPE 3.08%
Bank Polska Kasa Opieki SA PEO WSE 2.66%
Vale SA VALE3 BVMF 2.65%
Banco de Chile CHILE CI 2.59%
Hon Hai Precision Industry Co Ltd 2317 TPE 2.50%
Fund filings on SEC EDGAR ↗See all 126 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jun 30, 2026. Updated when the fund files its next report.

About FRDM

What it tracksnot read by ETFIQ
Fund typeEquity fund
Category (ETFIQ)Stocks · Emerging markets
Expense ratio (485BPOS XBRL, Jan 22, 2026)0.49%
Price$62.16
First tradedMay 23, 2019
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$3.6bnReport
Benchmark (ETFIQ, from its filings)Solactive GBS Emerging Markets Large & Mid Cap Index, measured by GSEE, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Dec 2, 2025
FRDM, 1 year to Nov 4, 2026+33.5%
GSEE, the same days+14.3%
Against its benchmark, 1 year (ETFIQ)+19.2 pts
Below its high (ETFIQ)−17.7%
Holdings126
Top ten weight56.6%
Cash, not in the top ten0.2%
Holdings as of (SEC N-PORT)Jun 30, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on FRDM

12 seats on FRDM, as of Nov 4, 2026: 2 Mixed, 3 Challenges, 7 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationNot enough data
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put FRDM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about FRDM

How has FRDM performed?
Over the year to Nov 4, 2026, FRDM returned +33.5% with distributions reinvested, against +14.3% for its benchmark, the Solactive GBS Emerging Markets Large & Mid Cap Index. Over three years the number is +125.1%.
What does FRDM cost?
The prospectus expense ratio is 0.49% a year.
What does FRDM hold?
126 positions as filed for Jun 30, 2026, with the top ten at 56.6% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is FRDM below its high?
17.7% below its high of Jun 22, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, FRDM, Benchmark (GSEE) and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.49%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $3.6bnSEC filing, whole fund · Jun 30, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jun 30, 2026 ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, FRDM, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/frdm

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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FRDM: FRDM over 1 year: total return +33.5%, its benchmark Solactive GBS Emerging Markets Large & Mid Cap Index through GSEE +14.3%, +19.2 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/frdm/" title="FRDM: FRDM over 1 year: total return +33.5%, its benchmark Solactive GBS Emerging Markets Large &amp; Mid Cap Index through GSEE +14.3%, +19.2 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">FRDM: FRDM over 1 year: total return +33.5%, its benchmark Solactive GBS Emerging Markets Large &amp; Mid Cap Index through GSEE +14.3%, +19.2 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/frdm">ETFIQ</a></figcaption>
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