FMKT – The Free Markets ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term total returns. The fund invests in U.S.-listed equity securities of companies that the fund’s investment sub-advisers expect to benefit from shifts in the regulatory environment that are supportive of free market dynamics. These investments may include companies operating in segments of the economy currently burdened by high levels of regulation, such as the healthcare, financial services, and energy sectors, where the Sub-Advisers anticipate regulatory relief.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMKT	The Free Markets ETF	ETF	Open	—	—	Jun 9, 2025	$10.27M	0.760%	—	—	−$4.55M

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