Free Market International Equity Fund Institutional Class (FMNEX)
| Fund Assets | 3.57B |
| Expense Ratio | 0.85% |
| Min. Investment | $0.00 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 2.99% |
| Dividend Growth | 50.59% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 13.93 |
| YTD Return | 22.92% |
| 1-Year Return | 18.85% |
| 5-Year Return | 89.29% |
| 52-Week Low | 11.06 |
| 52-Week High | 14.05 |
| Beta (5Y) | 0.76 |
| Holdings | 10 |
| Inception Date | Dec 31, 2007 |
About FMNEX
The Free Market International Equity Fund Institutional Class is a mutual fund designed to provide long-term capital appreciation through diversified exposure to global equities, primarily outside the United States. Employing a fund-of-funds approach, it invests at least 80% of its net assets in shares of open-end investment companies and exchange-traded funds that focus on foreign equity markets, including both developed and emerging economies. This strategy emphasizes value investing, particularly among small- and mid-cap international companies, often targeting stocks priced favorably relative to fundamentals such as book value, cash flow, or earnings. The fund’s holdings are highly concentrated, with the top ten positions comprising nearly the entire portfolio, reflecting significant allocations to funds managed by Dimensional Fund Advisors and major ETFs like the iShares Core MSCI Emerging Markets ETF. It distinguishes itself with a relatively low expense ratio for its category and an approach that diversifies across regions and market capitalizations, while maintaining minimal exposure to U.S. equities. The fund is suitable for institutional investors seeking broad international diversification and exposure to value-oriented equity investments in non-U.S. markets.
Performance
FMNEX had a total return of 18.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.50%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| DFA International Small Cap Value Portfolio Institutional Class | DISVX | 40.53% |
| DFA International Value Portfolio III | DFVIX | 16.07% |
| International Value Series | n/a | 14.28% |
| Dimensional International Small Cap ETF | DFIS | 9.72% |
| iShares Core MSCI Emerging Markets ETF | IEMG | 5.04% |
| iShares Core MSCI EAFE ETF | IEFA | 4.95% |
| DFA Emerging Markets Value Portfolio Institutional Class | DFEVX | 4.73% |
| DFA Emerging Markets Small Cap Portfolio Institutional Class | DEMSX | 4.48% |
| Short-Term Investment Trust - Invesco Government & Agency Portfolio | AGPXX | 0.11% |
| US DOLLARS | n/a | 0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.41851 | Dec 27, 2024 |
| Dec 28, 2023 | $0.27791 | Dec 28, 2023 |
| Dec 28, 2022 | $0.34083 | Dec 28, 2022 |
| Dec 28, 2021 | $0.14937 | Dec 28, 2021 |
| Dec 29, 2020 | $0.30472 | Dec 29, 2020 |
| Dec 27, 2019 | $0.25849 | Dec 27, 2019 |