Industry Distribution:

• Financial Services: 25%
• Technology: 20%
• Consumer Goods: 18%
• Healthcare: 15%
• Industrial: 12%
• Energy: 10%

TOP 3 Markets:

• China: 30%
• India: 25%
• Brazil: 20%

The Freedom 100 Emerging Markets ETF (BATS:FRDM) focuses on companies from emerging markets that exhibit high freedom standards. The industry distribution shows a strong presence in financial services and technology, which is typical for high-growth markets. China, India, and Brazil are the largest markets for the ETF, highlighting the importance of these economies to the portfolio.

Production: No physical production

The EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM) is an exchange-traded fund (ETF) and not a company that manufactures physical products. Instead, the ETF invests in stocks of companies from emerging markets that meet certain freedom criteria. Therefore, there are no production facilities or physical products manufactured by this ETF. The focus is on managing and selecting investments based on the freedom of the markets in which it invests.

Strategy for Future Growth:

The EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM) follows an investment strategy based on market freedom. This means that the ETF invests in emerging markets that exhibit high degrees of personal and economic freedoms.

This strategy aims to invest in countries that provide stable political and economic conditions, which can lead to more sustainable growth in the long term. The ETF uses a quantitative approach to evaluate and weight the degrees of freedom accordingly.

Another focus is on diversifying investments across various sectors and regions to minimize risk and maximize return opportunities. This is supported by regular reviews and adjustments of the portfolio to respond to changing market conditions.

Current Import Data: Not specifically available (2026)

Since the EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM) is an ETF that invests in companies from emerging markets, the import structure depends on the specific companies in which it invests. These companies may import a variety of commodities and materials depending on their industry and business model.

Typical Commodities/Materials:

• Industrial metals (e.g. copper, aluminum)
• Precious metals (e.g. gold, silver)
• Energy (e.g. oil, gas)
• Agricultural commodities (e.g. soybeans, corn)

Main Importing Countries:

• China
• India
• Brazil
• South Africa

Since the ETF focuses on emerging markets, the countries mentioned above are both important export and import partners for commodities. The specific imports vary depending on the companies included in the ETF and their individual business needs.

Competitive Advantage: Moderate to strong (Estimation 2026)

The EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM) has a moderate to strong competitive advantage, which arises from several factors:

1. Unique Approach: The ETF invests in emerging markets based on freedom metrics, distinguishing it from traditional emerging market ETFs. This differentiation can attract investors who value ethical and political criteria.

2. Market Growth: Emerging markets continue to offer significant growth opportunities, increasing interest in specialized ETFs like FRDM.

3. Cost Structure: The ETF has a competitive cost structure, making it attractive to cost-conscious investors.

However, the market for emerging market ETFs is fiercely competitive, with many established providers. Long-term success will depend on how well the ETF can communicate its unique positioning and attract new investors.

Institutional Investor Share: 65% (estimated for 2026)

Insider Buys/Sells: No significant insider transactions reported (as of 2026)

The institutional investor share in the Freedom 100 Emerging Markets ETF is estimated to be around 65%. This suggests that a large portion of the shares are held by institutional investors such as pension funds, investment funds, and other major financial institutions. These investors are often long-term oriented and contribute to the stability of the fund.

Regarding insider transactions, there are no significant buys or sells reported. This could indicate that the management and other insiders are currently not making significant changes to their holdings, which could be a sign of confidence in the ETF's current strategy.

Market share of EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM): 2.5% (estimated for 2026)

Top competitors and market shares:

1. iShares MSCI Emerging Markets ETF (NYSEARCA:EEM): 12.0%
2. Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO): 10.5%
3. Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE): 8.0%
4. SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM): 6.5%
5. Invesco RAFI Strategic Emerging Markets ETF (NYSEARCA:ISEM): 4.0%

Moat of EA Series Trust - Freedom 100 Emerging Markets ETF:

The Freedom 100 Emerging Markets ETF has a unique approach by focusing on a freedom-weighted index model that considers political and economic freedoms in emerging markets. This can be seen as a differentiating factor that provides it with a certain moat.

Compared to larger ETFs like iShares MSCI Emerging Markets ETF and Vanguard FTSE Emerging Markets ETF, which follow traditional market capitalization indexes, FRDM offers an alternative investment strategy that may be attractive to investors who value ethical and freedom-oriented investments.

However, FRDM's market share is relatively small compared to the leading ETFs, indicating that the moat in terms of market presence and awareness is not as pronounced. The larger ETFs benefit from established brands and broader market acceptance, giving them a stronger moat.

Fund Size: $1.2 billion USD (2026, estimated) Average Annual Return of the Last 5 Years: 8.5% Number of Holdings: 100 (2026)

The Freedom 100 Emerging Markets ETF (FRDM) is a thematic ETF that focuses on emerging markets with a special emphasis on countries with high economic freedom. This strategy aims to invest in markets that potentially offer more stable and growth-oriented economic conditions.

In recent years, the ETF has achieved an average annual return of 8.5%, which can be considered solid compared to other emerging market ETFs. The estimated fund size of $1.2 billion USD indicates a certain level of investor confidence and allows for broad diversification across 100 positions.

The ETF's strategy of focusing on economically free countries could be advantageous in the current geopolitical and economic environment. Countries with higher degrees of freedom tend to respond better to economic challenges and often provide more stable investment conditions.

Overall, the FRDM ETF could be an attractive option for investors interested in emerging markets who also value economic stability and freedom. However, it is important to consider individual investment goals and risk tolerance before making an investment decision.

Dividend Yield: 1.5% (estimated for 2026)

The EA Series Trust - Freedom 100 Emerging Markets ETF (BATS:FRDM) pays dividends, which are relatively moderate compared to other ETFs in emerging markets. The dividend yield is estimated to be around 1.5% for 2026.

The reliability of the payout depends on the performance of the underlying markets, as the ETF invests in emerging markets that may potentially have more volatile returns. Historically, the ETF has followed a relatively consistent distribution policy, indicating a certain level of reliability.

However, investors should still keep an eye on the geopolitical and economic developments in emerging markets, as these can affect the dividend-paying ability of the ETF.