Free Market Fixed Income Fund
U.S. stock index fund · tracks ICE BofAML 1-5 Year US Corporate Index
As of its 2026 Q2 report, Free Market Fixed Income Fund held 10 positions with $3.33B in net assets. Its ten largest holdings made up 104.0% of the fund. The FMFIX share class costs 0.64% a year. Over the 12 months to May 2026, FMFIX returned 3.6%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The Free Market Fixed Income Fund (for this section only, the Fund) seeks total return (consisting of current income and capital appreciation).
The fund invests at least 80% of its assets in shares of other investment companies and ETFs that hold fixed income securities, including U.S. Treasuries, government obligations, corporate bonds, bank debt, and inflation-protected securities across maturity ranges from one year to five years. The fund's returns depend on the performance of its underlying investment company holdings, which track specified indices or pursue active strategies within their respective asset classes. The fund may concentrate investments in banking sector obligations when yields on bank securities exceed yields on other eligible investments for five consecutive trading days.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
DFA Two-Year Global Fixed Inco | 24.98% | $832.71M | 84.5M | $9.85 |
iShares 1-5 Year Investment Gr | 24.02% | $800.87M | 15.2M | $52.54 |
iShares Core International Agg | 15.04% | $501.39M | 10.0M | $50.27 |
DFA One-Year Fixed Income Port | 14.45% | $481.66M | 47.0M | $10.25 |
iShares 5-10 Year Investment G | 6.01% | $200.34M | 3.8M | $53.32 |
DFA Intermediate Government Fi | 6.01% | $200.27M | 17.9M | $11.17 |
Dimensional Inflation-Protecte | 5.00% | $166.67M | 4.0M | $41.93 |
Mount Vernon Liquid Assets Portfolio, LLC | 4.09% | $136.33M | — | — |
DFA Short-Term Government Port | 3.98% | $132.59M | 13.2M | $10.01 |
Invesco Government & Agency Po | 0.47% | $15.58M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 10 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 82.71% |
| Cash & short-term | 19.02% |
| Stocks | 4.00% |
| Securitized | 0.00% |
| Derivatives | -0.42% |
Look-through blends 7 underlying funds; 3.977% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
How it has done
FMFIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.29%. Past returns are a record, not a forecast.
Fees & fund details
Free Market Fixed Income Fund is a U.S. equity index fund that tracks the ICE BofAML 1-5 Year US Corporate Index.
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.64%· FMFIX 0.64%
- Portfolio turnover
- 15.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
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