First Trust Managed Futures Strategy Fund (FMF)

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First Trust Managed Futures Strategy Fund (FMF) is up 8.0% since the beginning of the year. FMF is currently trading at $51 per share. Investors who bought $1,000 worth of FMF shares 5 years ago would now be looking at an investment worth $1,256.

First Trust Managed Futures Strategy Fund (FMF) has returned 8.00% so far this year and 19.22% over the past 12 months. Over the last ten years, FMF has returned 2.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.

Based on dividend-adjusted daily data since Aug 2, 2013, FMF's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Mar 2022 with a return of +5.3%, while the worst month was Nov 2022 at -6.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FMF closed higher 48% of trading days. The best single day was Mar 14, 2022 with a return of +8.5%, while the worst single day was Apr 4, 2014 at -6.5%.

First Trust Managed Futures Strategy Fund has an annualized alpha of 2.30%, beta of 0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 02, 2013.

• This ETF participated in 14.78% of S&P 500 Index downside but only 11.88% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FMF has a high expense ratio of 0.95%, indicating above-average management fees.

FMF ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

First Trust Managed Futures Strategy Fund provided a 5.09% dividend yield over the last twelve months, with an annual payout of $2.58 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for First Trust Managed Futures Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Managed Futures Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Managed Futures Strategy Fund was 22.21%, occurring on Mar 24, 2020. Recovery took 497 trading sessions.

The current First Trust Managed Futures Strategy Fund drawdown is 2.74%.

The chart below shows the rolling one-month volatility.