FRDM Fees and Costs — Freedom 100 Emerging Markets ETF
Data updated: 2026-08-26
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $400K in broker commissions, 0.0525% of average net assets, and portfolio turnover was 19%.
FRDM Fees and Expenses
Annual operating expenses and sales charges of FRDM. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FRDM Costs Over Time
On $10,000 invested in FRDM, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,420 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
FRDM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0525%
- Total broker commissions: $400K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $28.1M
- Net income from securities lending: $580K (0.076% of average net assets)
FRDM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $237K | 59.37% |
| MISCHLER FINANCIAL GROUP, INC. | $79K | 19.72% |
| MIRAE ASSET SECURITIES (USA) INC. | $60K | 15.04% |
| SG AMERICAS SECURITIES LLC | $14K | 3.52% |
| GTS SECURITIES LLC | $6K | 1.47% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 0.83% |
| RBC CAPITAL MARKETS, LLC | $218 | 0.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.