First Trust Managed Futures Strategy Fund (FMF)
FMF is an actively managed ETF by First Trust. FMF launched on Aug 1, 2013 and has a 0.95% expense ratio.
ETF Info
US33739G1031
33739G103
Aug 1, 2013
North America (U.S.)
1x
No Index (Active)
Expense Ratio
FMF has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
First Trust Managed Futures Strategy Fund (FMF) returned -5.14% year-to-date (YTD) and -3.34% over the past 12 months. Over the past 10 years, FMF returned 0.04% annually, underperforming the S&P 500 benchmark at 10.84%.
FMF
-5.14%
-1.29%
-5.02%
-3.34%
-1.62%
2.73%
0.04%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of FMF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.64% | -2.75% | -1.42% | -1.59% | -1.07% | -5.14% | |||||||
| 2024 | 3.15% | 4.42% | 2.53% | -2.38% | -2.03% | 1.42% | -0.58% | -1.57% | 0.23% | -1.32% | 3.87% | 0.43% | 8.17% |
| 2023 | -1.13% | 0.25% | 0.24% | 1.83% | 0.71% | -0.09% | 2.38% | -0.30% | 1.13% | -1.25% | -1.31% | -2.55% | -0.18% |
| 2022 | 0.20% | 1.95% | 5.27% | 4.72% | 0.68% | 0.08% | -4.31% | 1.36% | 3.00% | -0.36% | -6.36% | -0.49% | 5.24% |
| 2021 | 0.95% | 2.59% | 0.95% | 1.83% | 1.75% | -0.58% | -0.98% | -1.48% | -0.08% | 1.01% | -3.29% | 1.01% | 3.57% |
| 2020 | 0.02% | -1.43% | 3.34% | -0.47% | 1.71% | 0.05% | 1.05% | 0.50% | -3.00% | -1.70% | 2.41% | 3.30% | 5.70% |
| 2019 | -1.73% | -0.28% | 0.14% | 0.80% | -3.64% | 0.99% | 1.07% | 1.95% | -1.61% | -0.82% | -0.52% | -1.51% | -5.18% |
| 2018 | 1.91% | -2.76% | 0.77% | 1.29% | -0.95% | 1.73% | -1.27% | 3.90% | 1.32% | -2.84% | -2.23% | -3.22% | -2.63% |
| 2017 | -2.10% | 5.13% | -5.51% | -0.20% | 3.01% | -2.80% | -0.26% | 0.71% | 0.73% | 1.49% | 0.07% | 1.85% | 1.70% |
| 2016 | -0.08% | -1.22% | -3.15% | 1.55% | -2.51% | 2.85% | -0.44% | 0.25% | -1.19% | 1.88% | -3.01% | 1.07% | -4.12% |
| 2015 | 1.83% | 0.22% | 3.38% | -0.73% | 0.30% | -3.49% | 1.09% | -3.50% | 1.04% | -2.10% | 0.99% | 0.49% | -0.71% |
| 2014 | -2.00% | 1.51% | 0.76% | 3.21% | -0.55% | -1.52% | -3.96% | -0.20% | 0.95% | -1.41% | 0.53% | 0.87% | -1.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMF is 6, meaning it’s performing worse than 94% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Managed Futures Strategy Fund (FMF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
First Trust Managed Futures Strategy Fund provided a 4.90% dividend yield over the last twelve months, with an annual payout of $2.20 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.20 | $2.31 | $1.43 | $0.19 | $1.49 | $0.01 | $0.45 | $0.71 | $0.39 | $0.00 | $0.00 | $1.21 |
Dividend yield | 4.90% | 4.84% | 3.09% | 0.41% | 3.29% | 0.02% | 1.05% | 1.56% | 0.82% | 0.00% | 0.00% | 2.43% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | |||||||
| 2024 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $1.34 | $2.31 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.41 | $1.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.49 | $1.49 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.71 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $1.21 | $1.21 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 22.22%, occurring on Mar 24, 2020. Recovery took 497 trading sessions.
The current First Trust Managed Futures Strategy Fund drawdown is 9.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.22% | Apr 4, 2014 | 1321 | Mar 24, 2020 | 497 | Mar 14, 2022 | 1818 |
| -14.98% | Jun 15, 2022 | 188 | Mar 15, 2023 | — | — | — |
| -7.98% | Mar 15, 2022 | 4 | Mar 18, 2022 | 57 | Jun 9, 2022 | 61 |
| -3.58% | Dec 31, 2013 | 21 | Feb 5, 2014 | 28 | Mar 27, 2014 | 49 |
| -2.22% | Aug 5, 2013 | 17 | Aug 30, 2013 | 17 | Oct 10, 2013 | 34 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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