First Manhattan Co.Large BlendFMCX · NYSE Arca

FM Focus Equity ETF (FMCX)

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Price: $36.33; —11 Sept 2026
Assets: $119.2M; Total net assets
Expense ratio: 0.72%; Category 0.72%
Yield: 0.29%; Trailing distributions

1Y return: 4.5%-11.1%; Category 15.6%
3Y CAGR: 14.7%-4.5%; Category 19.2%
5Y CAGR: —; Category 11.4%

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FM Focus Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-3.1%	+0.4%	+11.3%	+5.6%	+4.5%	+14.7%	—	—	+10.0%
Large Blend average	-1.7%	2.7%	14.8%	12.0%	15.6%	19.2%	11.4%	14.1%	14.5%
Difference	-1.4%	-2.3%	-3.5%	-6.4%	-11.1%	-4.5%	—	—	-4.5%

Holdings

The 10 largest positions make up 47.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
MSFT	Microsoft Corp	6.79%
GE	GE Aerospace	5.53%
KKR	KKR & Co Inc Ordinary Shares	5.42%
FGTXX	Goldman Sachs FS Government Instl	5.04%
BRK.A	Berkshire Hathaway Inc Class A	4.83%
ORLY	O'Reilly Automotive Inc	4.39%
DHR	Danaher Corp	4.33%
AVGO	Broadcom Inc	3.64%
LIN	Linde PLC	3.64%
AMAT	Applied Materials Inc	3.53%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 30.5
P/B: 5.1
P/S: 4.2
P/CF: 23.7

Sector allocation

Share of the equity the fund holds.

Technology31.2%
Industrials21.3%
Consumer discretionary15.5%
Financial services13.6%
Health care9.3%
Communication services5.3%
Materials3.8%

Asset mix

Stocks95.0%
Cash5.0%

ETF details

Issuer: First Manhattan Co.
Category: Equity · Large Blend
Ticker: FMCX
Exchange: NYSE Arca
Inception: 22 Apr 2022 (4.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.72% (category 0.72%)
Holdings turnover: 67% (category 95%)
Distribution yield: 0.29%
Beta, 3 years: 1.04
Total net assets: $119.2M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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