First TrustSystematic TrendFMF · NYSE Arca

First Trust Managed Futures Strategy Fund (FMF)

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Price: $52.29; —11 Sept 2026
Assets: $272.4M; Total net assets
Expense ratio: 0.98%; Category 1.78%
Yield: 4.94%; Trailing distributions

1Y return: 14.4%-4.3%; Category 18.7%
3Y CAGR: 6.1%-1.6%; Category 7.8%
5Y CAGR: 5.7%-1.3%; Category 7.0%

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First Trust Managed Futures Strategy Fund

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	+2.9%	+2.7%	+3.6%	+12.1%	+14.4%	+6.1%	+5.7%	+3.4%	+2.2%
Systematic Trend average	4.2%	5.2%	6.2%	14.7%	18.7%	7.8%	7.0%	3.5%	9.3%
Difference	-1.3%	-2.5%	-2.6%	-2.7%	-4.3%	-1.6%	-1.3%	-0.2%	-7.2%

Holdings

The 1 largest positions make up 19.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
MISXX	Morgan Stanley Instl Lqudty Trs Instl	18.97%

Credit quality

Share of the bonds by rating.

US government44.0%

Asset mix

Cash81.9%
Other18.1%

ETF details

Issuer: First Trust
Category: Alternatives · Systematic Trend
Ticker: FMF
Exchange: NYSE Arca
Inception: 1 Aug 2013 (13.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.98% (category 1.78%)
Holdings turnover: 10% (category 108%)
Distribution yield: 4.94%
Beta, 3 years: 0.11
Total net assets: $272.4M

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

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