Fund Evaluator:
First Trust Managed Future Strategy ETF (FMF)
Follow This Fund
Alternative Strategies
Global Asset Class
Alternative
Fund Group
Systematic Trend
Category
$44.398
NAV (as of Oct 07)
$0.00
Minimum Initial
0.98% F
Expense Ratio
$257 Mil
Assets
Open
Status
0.00%
12b-1 Fee
4.99%
TTM Yield
0.00%
Max Load
10%
Portfolio Turnover
Best Performing in Systematic Trend Over the Last Year
| 27.8% | AQR Managed Futures Strategy HV N (QMHNX) |
| 26.6% | American Beacon AHL Mgd Futs Strat Inv (AHLPX) |
| 21.6% | AQR Managed Futures Strategy N (AQMNX) |
| 21.5% | AMG Systematica Managed Futs Strat N (SMFNX) |
| 16.4% | Goldman Sachs Managed Futs Strat Inv (GFIRX) |
Data as of 7/31/2026
0.1% D
1-Mo Return
-2.6% F
3-Mo Return
7.6% D
YTD Return
14.2% F
1-Yr Return
5.3% F
3-Yr Return
4.5% F
5-Yr Return
0.67 A
Category Risk Index
0.57
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
8/1/2013
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
First Trust Managed Future Strategy ETF Overview
FMF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMF Return (NAV) | 0.1% | -2.6% | 14.2% | 5.3% | 4.5% | 2.6% |
| FMF Grade | D | F | F | F | F | F |
| +/- Category | 0.1% | -1.7% | -3.8% | 2.4% | -0.8% | -0.5% |
| Systematic Trend Avg | -0.0% | -0.8% | 18.0% | 2.8% | 5.3% | 3.1% |
| FMF Tax Cost Ratio | na | na | 2.1% | 1.7% | 1.4% | 0.9% |
FMF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMF Return (NAV) | 7.6% | 4.1% | 8.2% | 0.2% | 5.4% | 3.9% | 4.9% | -4.5% | -3.2% | 1.8% | -4.3% |
| FMF Grade | D | B | A | B | D | F | A | F | F | A | F |
| +/- Category | 0.4% | 1.0% | 7.7% | 4.0% | -16.1% | -1.0% | -0.2% | -9.9% | 2.2% | -2.6% | -0.9% |
| Systematic Trend Avg | 7.2% | 3.1% | 0.4% | -3.8% | 21.5% | 4.9% | 5.1% | 5.3% | -5.4% | 4.5% | -3.4% |
| Risk Measures | |
| Standard Deviation: | 7.0% |
| Total Risk Index: | 0.57 - Below Average |
| Category Risk Index: | 0.67 - Below Average |
| Category Risk Grade: | B (33% Rank) |
| Beta: | 0.11 |
| R-Squared: | 4% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $257 Mil |
| Fund Total Assets: | $ 258 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 10% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.0 years | |||
| Average Tenure: 13.0 years | |||
| Managers (Year): Gambla John (2013), Guttschow Rob (2013) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 67.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 18.4% |
| Cash: | 81.6% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: |
| Status: | Open |
| Inception Date: | August 1, 2013 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.98% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.02% |
| Share Class: | First Trust Managed Future Strategy ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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