FMF: First Trust Managed Futures Strategy Fund - MutualFunds.com
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First Trust Managed Future Strategy ETF

FMF - Snapshot

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $43.2 M
  • Holdings in Top 10 20.7%

52 WEEK LOW AND HIGH

$46.96
$41.10
$47.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
    Managed Futures
  • Fund Type Exchange Traded Fund
  • Investment Style Managed Futures

Compare FMF to Popular Managed Futures Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

AQR Managed Futures Strategy Fund

Fund

$8.25

+0.61%

$1.97 B

5.08%

$0.42

5.10%

1.21%

AlphaSimplex Managed Futures Strategy Fund

Fund

$10.98

+0.92%

$1.34 B

3.22%

$0.35

6.81%

1.53%

American Beacon AHL Managed Futures Strategy Fund

Fund

$11.34

+0.62%

$1.18 B

2.78%

$0.31

7.39%

1.94%

LoCorr Macro Strategies Fund

Fund

$8.81

-0.34%

$1.17 B

4.40%

$0.39

3.28%

2.16%

Abbey Capital Futures Strategy Fund

Fund

$12.26

+0.74%

$941.38 M

1.47%

$0.18

5.96%

1.90%

FMF - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust Managed Futures Strategy Fund
  • Fund Family Name
    First Trust
  • Inception Date
    Aug 01, 2013
  • Shares Outstanding
    952000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Gambla

Fund Description

The fund is an actively managed exchange-traded fund that seeks to achieve positive returns that are not directly correlated to broad market equity or fixed income returns. Under normal market conditions, the fund and a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands, invest significantly in a portfolio of exchange-listed futures.

FMF - Performance

Return Ranking - Trailing

Period FMF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.3% 11.7% 61.22%
1 Yr 5.7% -23.8% 25.2% 35.05%
3 Yr -1.5%* -8.9% 7.4% 53.76%
5 Yr -0.9%* -6.6% 8.7% 56.98%
10 Yr N/A* -2.6% 4.7% N/A

* Annualized

Return Ranking - Calendar

Period FMF Return Category Return Low Category Return High Rank in Category (%)
2020 5.7% -16.4% 12.9% 20.62%
2019 -6.2% -9.3% 17.5% 85.42%
2018 -4.1% -25.8% 2.2% 33.33%
2017 0.9% -5.1% 21.0% 66.25%
2016 -4.1% -20.3% 8.1% 48.00%

Total Return Ranking - Trailing

Period FMF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.3% 11.7% 61.22%
1 Yr 5.7% -27.6% 25.2% 27.84%
3 Yr -1.5%* -10.3% 5.3% 49.46%
5 Yr -0.9%* -6.6% 7.4% 53.49%
10 Yr N/A* -2.6% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FMF Return Category Return Low Category Return High Rank in Category (%)
2020 5.7% -16.4% 12.9% 20.62%
2019 -6.2% -9.3% 17.5% 85.42%
2018 -4.1% -20.3% 2.5% 33.33%
2017 0.9% -5.1% 21.0% 73.75%
2016 -4.1% -20.3% 10.8% 57.33%

FMF - Holdings

Concentration Analysis

FMF Category Low Category High FMF % Rank
Net Assets 43.2 M 2.09 M 1.97 B 67.35%
Number of Holdings 3 3 806 100.00%
Net Assets in Top 10 8.92 M -18.8 M 2.04 B 82.65%
Weighting of Top 10 20.66% 18.9% 95.0% 95.83%

Top 10 Holdings

  1. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  2. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  3. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  4. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  5. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  6. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  7. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  8. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  9. Ft Cayman Morningstar Futures Cayman Entity 22.73%
  10. Ft Cayman Morningstar Futures Cayman Entity 22.73%

Asset Allocation

Weighting Return Low Return High FMF % Rank
Cash 		79.58% -735.41% 1796.70% 28.57%
Other 		20.42% -2.72% 67.21% 59.18%
Stocks 		0.00% -0.78% 60.54% 70.41%
Preferred Stocks 		0.00% 0.00% 0.14% 14.29%
Convertible Bonds 		0.00% 0.00% 3.34% 32.65%
Bonds 		0.00% -1748.87% 772.87% 72.45%

FMF - Expenses

Operational Fees

FMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.75% 9.89% 95.88%
Management Fee 0.95% 0.65% 2.99% 9.18%
12b-1 Fee 0.00% 0.00% 1.00% 1.56%
Administrative Fee N/A 0.09% 0.45% N/A

Sales Fees

FMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 198.00% 1.47%

FMF - Distributions

Dividend Yield Analysis

FMF Category Low Category High FMF % Rank
Dividend Yield 0.00% 0.00% 0.06% 2.04%

Dividend Distribution Analysis

FMF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

FMF Category Low Category High FMF % Rank
Net Income Ratio 1.14% -2.10% 2.02% 7.22%

Capital Gain Distribution Analysis

FMF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FMF - Fund Manager Analysis

Managers

John Gambla

Start Date

Tenure

Tenure Rank

Aug 01, 2013

7.51

7.5%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Rob Guttschow

Start Date

Tenure

Tenure Rank

Aug 01, 2013

7.51

7.5%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 13.93 5.33 3.76

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