FS Managed Futures Fund (FMFFX)
The investment seeks to provide positive absolute returns with low correlation to traditional investments. The fund seeks to achieve its investment objective by allocating its assets across a broad spectrum of Alternative Investment Strategies. It may provide exposure to alternative strategies across the five major asset classes (commodities, currencies, fixed income, equities and credit). The strategy will normally be implemented through rules-based strategies that typically use historical price data to determine whether to take a long, short, or cash position in a given instrument.
Fund Info
| ISIN | US00775Y6115 |
|---|---|
| Issuer | FS Investments |
| Inception Date | Dec 30, 2018 |
| Category | Systematic Trend |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
FMFFX has a high expense ratio of 0.51%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FS Managed Futures Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FS Managed Futures Fund had a return of 9.02% year-to-date (YTD) and 10.08% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.02% | 7.26% |
| 1 month | 0.79% | -2.63% |
| 6 months | 4.58% | 22.78% |
| 1 year | 10.08% | 22.71% |
| 5 years (annualized) | 7.63% | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.42% | 4.48% | 3.98% | |||||||||
| 2023 | 0.51% | -4.47% | 0.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMFFX is 49, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FS Managed Futures Fund(FMFFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FS Managed Futures Fund (FMFFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FS Managed Futures Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $2.26 | $0.37 | $0.65 | $0.03 |
Dividend yield | 0.00% | 0.00% | 23.73% | 3.63% | 6.34% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for FS Managed Futures 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 |
| 2019 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the FS Managed Futures 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 FS Managed Futures Fund was 23.38%, occurring on Mar 15, 2023. The portfolio has not yet recovered.
The current FS Managed Futures Fund drawdown is 11.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.38% | Dec 8, 2022 | 66 | Mar 15, 2023 | — | — | — |
| -8.06% | Mar 25, 2020 | 162 | Nov 11, 2020 | 121 | May 7, 2021 | 283 |
| -6.37% | Nov 4, 2022 | 22 | Dec 6, 2022 | 1 | Dec 7, 2022 | 23 |
| -6.21% | Nov 2, 2021 | 21 | Dec 1, 2021 | 44 | Feb 3, 2022 | 65 |
| -6.06% | Sep 4, 2019 | 64 | Dec 3, 2019 | 68 | Mar 12, 2020 | 132 |
Volatility
Volatility Chart
The current FS Managed Futures Fund volatility is 2.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.