FMGFX: FS Managed Futures Fund - MutualFunds.com

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FS Managed Futures I

FMGFX - Snapshot

Vitals

  • YTD Return 9.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.2 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.83
$9.94
$11.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 9.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Compare FMGFX to Popular Managed Futures Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$8.25

+0.24%

$3.36 B

3.16%

$0.26

-0.72%

1.21%

$10.08

+0.30%

$1.44 B

4.55%

$0.46

7.69%

1.53%

$10.39

+0.10%

$1.30 B

2.20%

$0.23

3.18%

1.94%

$8.72

+0.23%

$1.10 B

1.79%

$0.16

1.87%

2.16%

$11.27

+0.18%

$865.97 M

5.91%

$0.66

3.49%

1.89%

FMGFX - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    FS Managed Futures Fund
  • Fund Family Name
    FS Investments
  • Inception Date
    Dec 31, 2018
  • Shares Outstanding
    198617
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Kelly

Fund Description

The fund seeks to achieve its investment objective by allocating its assets across a broad spectrum of Alternative Investment Strategies. It may provide exposure to alternative strategies across the five major asset classes (commodities, currencies, fixed income, equities and credit). The strategy will normally be implemented through rules-based strategies that typically use historical price data to determine whether to take a long, short, or cash position in a given instrument. The fund is non-diversified.


FMGFX - Performance

Return Ranking - Trailing

Period FMGFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -23.1% 14.1% 3.88%
1 Yr 7.6% -25.8% 13.7% 4.85%
3 Yr N/A* -7.6% 10.5% N/A
5 Yr N/A* -7.7% 7.5% N/A
10 Yr N/A* -2.3% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period FMGFX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.5% -9.3% 17.5% 39.22%
2018 N/A -25.8% 2.2% N/A
2017 N/A -5.1% 16.7% N/A
2016 N/A -20.3% 8.1% N/A
2015 N/A -15.9% 14.0% N/A

Total Return Ranking - Trailing

Period FMGFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -23.1% 14.1% 3.88%
1 Yr 7.6% -29.5% 13.7% 2.91%
3 Yr N/A* -8.8% 8.3% N/A
5 Yr N/A* -7.7% 6.5% N/A
10 Yr N/A* -2.3% 2.4% N/A

* Annualized

Total Return Ranking - Calendar

Period FMGFX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.5% -9.3% 17.5% 39.22%
2018 N/A -20.3% 2.5% N/A
2017 N/A -5.1% 19.4% N/A
2016 N/A -20.3% 10.8% N/A
2015 N/A -15.9% 22.6% N/A

NAV & Total Return History


FMGFX - Holdings

Concentration Analysis

FMGFX Category Low Category High FMGFX % Rank
Net Assets 2.2 M 2.2 M 3.36 B 100.00%
Number of Holdings 13 3 738 89.32%
Net Assets in Top 10 6.96 M 295 K 12.2 B 93.20%
Weighting of Top 10 N/A 11.5% 99.4% 91.67%

Top 10 Holdings

  1. State Street Instl Liquid Reserves Prem 100.75%
  2. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  3. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  4. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  5. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  6. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  7. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  8. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  9. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%
  10. Long: Gsisxt11d Trs Usd R E Bbg00gm1jq27/Gsisxt11 / Short: Gsisxt11d Trs Us 45.57%

Asset Allocation

Weighting Return Low Return High FMGFX % Rank
Stocks
233.16% -1.48% 233.16% 1.94%
Preferred Stocks
0.00% 0.00% 0.11% 53.40%
Other
0.00% -34.96% 110.15% 84.47%
Convertible Bonds
0.00% 0.00% 2.02% 66.02%
Bonds
0.00% -381.41% 1096.85% 82.52%
Cash
-133.16% -1106.74% 438.67% 77.67%

Stock Sector Breakdown

Weighting Return Low Return High FMGFX % Rank
Utilities
0.00% 0.00% 7.69% N/A
Technology
0.00% 0.00% 45.08% N/A
Real Estate
0.00% 0.27% 100.00% N/A
Industrials
0.00% 0.00% 15.55% N/A
Healthcare
0.00% 0.00% 20.05% N/A
Financial Services
0.00% 0.00% 51.99% N/A
Energy
0.00% 0.00% 8.31% N/A
Communication Services
0.00% 0.00% 20.13% N/A
Consumer Defense
0.00% 0.00% 10.23% N/A
Consumer Cyclical
0.00% 0.00% 16.89% N/A
Basic Materials
0.00% 0.00% 9.75% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FMGFX % Rank
US
233.16% 0.00% 233.16% 1.94%
Non US
0.00% -3.95% 73.57% 63.11%

FMGFX - Expenses

Operational Fees

FMGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 9.89% 0.75% 9.89% 1.94%
Management Fee 1.15% 0.25% 2.99% 44.66%
12b-1 Fee 0.00% 0.00% 1.00% 14.93%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

FMGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% 47.62%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FMGFX 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.

FMGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 184.00% N/A

FMGFX - Distributions

Dividend Yield Analysis

FMGFX Category Low Category High FMGFX % Rank
Dividend Yield 0.55% 0.00% 10.74% 8.74%

Dividend Distribution Analysis

FMGFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

FMGFX Category Low Category High FMGFX % Rank
Net Income Ratio 2.02% -2.10% 2.13% 4.85%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FMGFX - Fund Manager Analysis

Managers

Michael Kelly


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Michael Kelly has served as president of FS Investments since July 2017. Mr. Kelly has also served as chief investment officer of FS Investments since January 2015. Among other things, Mr. Kelly oversees the investment management and product development functions at FS Investments. Before joining FS Investments, Mr. Kelly was the chief executive officer of ORIX USA Asset Management (“ORIX”), where he led the company’s acquisition of Robeco, a $250 billion global asset management company and the largest acquisition in ORIX’s 50-year history. Mr. Kelly started his career on Wall Street at Salomon Brothers and went on to join hedge fund pioneers Omega Advisors and Tiger Management. Mr. Kelly then helped build and lead the hedge fund firm, FrontPoint Partners, where he first served as chief investment officer and eventually co-chief executive officer. Mr. Kelly is a graduate of Cornell University and earned his M.B.A. at Stanford University. Mr. Kelly is a co-founder and board member of the Spotlight Foundation, and serves as a trustee of the Tiger Foundation and the Stanford Business School Trust.

Scott Burr


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.75

1.8%

Scott Burr serves as a Portfolio Manager in the Investment Management group at FS Investments, where he is responsible for sub-adviser oversight, portfolio research and management of the firm’s liquid alternative fund offerings. Previously, Mr. Burr was a Principal at Investcorp where he was head of factor due diligence for risk premia and alternative beta strategies, portfolio manager for funds and customized model portfolios, and trader.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 13.59 5.1 4.56