Westwood ETFs

LBRTY Global Equity ETF (BFRE)

LBRTY Global Equity

About BFRE

A global equity fund that seeks to reduce authoritarian country risk by investing in democratic developed and emerging markets.

Product Overview

The Westwood LBRTY Global Equity ETF seeks to track the TOBAM LBRTY® All World Equity Index. The approach is grounded in academic research highlighting the economic advantages of democratic nations. The fund offers broad exposure to both developed and emerging markets, while reducing direct and indirect exposure to autocratic countries, such as China.

Highlights

  • Eliminates direct exposure to countries under authoritarian control with a rules-based methodology that promotes investments benefitting from democratic governance
  • Reduces indirect exposure with quantitative process to prioritize companies with minimal reliance on autocratic nations
  • Rules-based methodology powered by TOBAM and supported by Nobel Prize winning academic research
Exchange
NYSE
Ticker
BFRE
CUSIP
90386K555
Inception Date
March 27, 2025
Number of Holdings
23
Expense Ratio
0.50%
NAV
$26.57
Closing Price
$26.54
30 Day Median Bid Ask Spread*
0.27%
Discount/ Premium
-0.11%
Shares Outstanding
125,000
Fund Assets
$3,321,788.55
Related Materials

*30-day median bid/ask spread reflects the median of the difference between the best bid and offer as of the end of each 10-second interval during each trading day of the last 30 calendar days.




Global Opportunity

Broad exposure to democratically governed countries, including developed and emerging markets; excludes companies with ties to authoritarian regimes, including direct exposure and indirect exposure.

Academic Support

Research links democratic governance with long-term profitability. Nobel Prize-winning studies validate the connection between companies operating in democratic environments and superior financial performance.

Rules-Based Methodology

Clearly defined rules for exclusion are based on measures of political freedom, economic liberty and human rights; exclusion also applies to companies with indirect exposure to autocratic regimes.

Top Holdings

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Name Security Identifier Symbol Net Assets % Market Price Shares Held Market Value Market Value %
NVIDIA CORP 67066G104 NVDA 5.31% 143.96 1,225 176,351 5.31%
MICROSOFT CORP 594918104 MSFT 5.10% 470.92 360 169,531 5.10%
AMAZON.COM INC 023135106 AMZN 4.00% 217.61 610 132,742 4.00%
APPLE INC 037833100 AAPL 3.48% 202.67 570 115,522 3.48%
META PLATFORMS-A 30303M102 META 2.43% 702.40 115 80,776 2.43%
AIR LIQUIDE SA B1YXBJ7 AI FP 1.96% 183.82 310 65,125 1.96%
BANK OF AMERICA 060505104 BAC 1.85% 45.09 1,360 61,322 1.85%
ALPHABET INC-A 02079K305 GOOGL 1.83% 178.60 340 60,724 1.83%
BROADCOM INC 11135F101 AVGO 1.69% 244.63 230 56,265 1.69%
ALPHABET INC-C 02079K107 GOOG 1.68% 180.01 310 55,803 1.68%

Premium/Discount Chart

The Premium/Discount of an ETF is defined as the amount the ETF is trading above/below the NAV of the underlying holdings.
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  Q1 2025Q2 2025
Days at premium 330
Days at zero premium/discount 17
Days at discount 012

The Premium/Discount of an ETF is defined as the amount the ETF is trading above/below the NAV of the underlying holdings.


Country weights as of March 31, 2025. Holdings are subject to change.

Sector weights as of March 31, 2025. Holdings are subject to change.

BFRE Portfolio Managers

Westwood ETFs

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Westwood ETFs are distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs (or Westwood Holdings Group, Inc.) are separate and unaffiliated.



To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 877.FUND.WHG (877.386.3944). Please read the prospectus carefully before investing.

How to Invest in Westwood ETFs

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Westwood ETFs are available for trading on most platforms. Contact us today to learn more about Westwood ETFs and how we can help you build your client’s portfolio.

Westwood ETFs are distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs (or Westwood Holdings Group, Inc.) are separate and unaffiliated.



To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 877.FUND.WHG (877.386.3944). Please read the prospectus carefully before investing.

How to Invest in Westwood ETFs

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Working with a financial professional?

Westwood ETFs may be a powerful addition to your portfolio. Email your financial professional to discuss how BFRE can help.

Buy Through Your Brokerage

You can invest in BFRE through any of these platforms:

Westwood ETFs are distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs (or Westwood Holdings Group, Inc.) are separate and unaffiliated.



To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 877.FUND.WHG (877.386.3944). Please read the prospectus carefully before investing.