The Free Markets ETF
FMKT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 825 Third Avenue, 33rd Floor New York NY United States of America 10022
- IPO Date
- Jun 10, 2025
- CIK
- 0001742912
- Website
- freemarketsetf.com
- Similar Companies
- Business
- The Free Markets ETF (FMKT) is an actively managed exchange-traded fund that seeks long-term total returns by investing primarily in U.S.-listed equity securities of companies expected to benefit from shifts in the regulatory environment supportive of free market dynamics, such as deregulation in healthcare, financial services, energy, transportation, and technology sectors. The fund employs a proprietary Regulatory Relief Quotient (R2Q) system, which integrates AI-driven regulatory impact analysis with financial screening across seven key metrics for efficiency, profitability, and adaptability, to construct a high-conviction portfolio of approximately 25 to 50 holdings unconstrained by market capitalization; top sectors include finance (approximately 24%), utilities (11%), electronic technology (9%), and transportation (8%), with leading positions in companies like Peabody Energy Corporation, Uranium Energy Corp., and Robinhood Markets, Inc. FMKT also invests in underlying ETFs aligned with these themes, including those providing exposure to energy and agricultural commodities, and may allocate up to 5% of net assets to U.S.-listed exchange-traded products offering indirect exposure to Bitcoin or Ether, without direct investment in digital assets or their derivatives. Launched on June 9, 2025, and listed on NYSE Arca (CUSIP 886364140), the ETF is advised by Tidal Investments LLC with sub-advisers Point Bridge Capital, LLC, SYKON Asset Management LLC, and Tactical Rotation Management, LLC; it carries a 0.76% expense ratio and distributes annually, with custody by U.S. Bank National Association. In August 2025, FMKT completed a dual listing on NYSE Texas alongside NYSE Arca to enhance liquidity and visibility among Texas-based institutional investors, financial advisors, and retail communities, reflecting its strategic expansion amid growing assets under management of approximately $20 million. The fund operates exclusively in U.S. equities (over 95% allocation), targeting deregulation beneficiaries resilient to regulatory changes like reduced taxes, licensing reforms, tariff eliminations, or subsidy reductions, with distribution handled by Foreside Fund Services, LLC.