First Trust Managed Futures Strategy Fund FMF
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.98%
- Net assets
- $272.3M
- Holdings
- 66
- 12-month distribution yield
- 4.79%
- Asset class
- Derivatives-based
First Trust Managed Futures Strategy Fund (FMF) is an exchange-traded fund listed on NYSE Arca in the United States, issued by First Trust. Its category is Derivatives-based. Its last price was US$51.90 on 20 Oct 2026. Its expense ratio is 0.98% a year, from its prospectus dated 1 May 2026. It reported net assets of US$272.27 million as of 30 Jun 2026. Its latest holdings report lists 66 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$2.49 a unit, a 12-month distribution yield of 4.79%, paid quarterly.
Fees
- Total annual operating expenses (gross)
- 0.98%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.95%
- Prospectus date
- 1 May 2026
- Filed with the SEC
- 30 Apr 2026
Size and reporting
- Net assets
- $272,273,443
- Total assets
- $272,490,831
- Holdings as of
- 30 Jun 2026
- Report made public
- 21 Aug 2026 (52 days after the month end)
Top holdings
Largest 25 of 66 positions, as of 30 Jun 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS TREAS PTF INST | US61747C5821 | 28.56% | $77.7M | Short-term investment vehicles (cash funds) | United States | USD |
| 2 | DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT | US2620062081 | 28.56% | $77.7M | Short-term investment vehicles (cash funds) | United States | USD |
| 3 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 07/30/26 | US912797TQ02 | 10.99% | $29.9M | Debt | United States | USD |
| 4 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 07/14/26 | US912797UP00 | 9.17% | $25.0M | Debt | United States | USD |
| 5 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 08/18/26 | US912797UU94 | 7.31% | $19.9M | Debt | United States | USD |
| 6 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 09/03/26 | US912797RS85 | 7.30% | $19.9M | Debt | United States | USD |
| 7 | ICE FUTURES U.S. Cocoa Futures - NYCC, Sep26 | No identifier reported | -0.38% | -$1.0M | Commodity derivatives | United States | USD |
| 8 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Soybean Oil Futures, Dec-2026,ETH | No identifier reported | -0.35% | -$957K | Commodity derivatives | United States | USD |
| 9 | THE LONDON METAL EXCHANGE Primary Aluminium future (composite) | GB00GDSVW043 | -0.27% | -$730K | Commodity derivatives | United Kingdom | USD |
| 10 | THE LONDON METAL EXCHANGE Lead future (composite) | GB00H24VH055 | 0.25% | $671K | Commodity derivatives | United Kingdom | USD |
| 11 | CHICAGO MERCANTILE EXCHANGE Japanese Yen Futures | No identifier reported | 0.22% | $597K | Foreign exchange derivatives | United States | USD |
| 12 | Osaka Exchange,Inc NIKKEI 225 TRADE FUTURE, SEP 2026 | No identifier reported | 0.17% | $472K | Equity derivatives | Japan | JPY |
| 13 | CME Group Inc. Silver Futures | No identifier reported | -0.16% | -$429K | Commodity derivatives | United States | USD |
| 14 | NEW YORK MERCANTILE EXCHANGE NY Harbor ULSD Futures, Sep-2026,ETH | No identifier reported | 0.14% | $370K | Commodity derivatives | United States | USD |
| 15 | CHICAGO MERCANTILE EXCHANGE Canadian Dollar Futures | No identifier reported | 0.11% | $292K | Foreign exchange derivatives | United States | USD |
| 16 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Corn Futures, Dec-2026,ETH | No identifier reported | 0.10% | $279K | Commodity derivatives | United States | USD |
| 17 | CME Group Inc. Gold Futures | No identifier reported | -0.09% | -$253K | Commodity derivatives | United States | USD |
| 18 | ICE FUTURES EUROPE LS Gas Oil Futures - ULSD-ARA, Aug26 | GB00HBC8RK14 | 0.09% | $252K | Commodity derivatives | United Kingdom | USD |
| 19 | CHICAGO MERCANTILE EXCHANGE Lean Hog Futures, Aug-2026,ETH | No identifier reported | -0.07% | -$179K | Commodity derivatives | United States | USD |
| 20 | CHICAGO MERCANTILE EXCHANGE E-mini Russell 2000 Index Futures | No identifier reported | 0.06% | $167K | Equity derivatives | United States | USD |
| 21 | CHICAGO MERCANTILE EXCHANGE Swiss Franc Futures | No identifier reported | 0.06% | $156K | Foreign exchange derivatives | United States | USD |
| 22 | CHICAGO MERCANTILE EXCHANGE E-mini Nasdaq-100 Futures | No identifier reported | 0.06% | $154K | Equity derivatives | United States | USD |
| 23 | MEFF SOCIEDAD RECTORA DEL MERCADO DE PRODUCTOS DERIVADOS, S.A.U. IBEX PLUS Future Cash | ES0B00180983 | 0.05% | $134K | Equity derivatives | Spain | EUR |
| 24 | ICE FUTURES EUROPE Brent Crude Futures - North Sea, Sep26 | GB00H7Q1B955 | 0.05% | $132K | Commodity derivatives | United Kingdom | USD |
| 25 | THE LONDON METAL EXCHANGE Zinc future (composite) | GB00H24VJT84 | 0.05% | $129K | Commodity derivatives | United Kingdom | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Warning: Uses derivatives
Asset type
| Type | Weight | Bar |
|---|---|---|
| Short-term investment vehicles (cash funds) | 57.11% | |
| Debt | 34.76% | |
| Commodity derivatives | -0.60% | |
| Equity derivatives | 0.39% | |
| Foreign exchange derivatives | 0.32% | |
| Interest rate derivatives | -0.12% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 91.49% | |
| United Kingdom | 0.21% | |
| Japan | 0.19% | |
| Germany | -0.12% | |
| Spain | 0.05% | |
| Canada | 0.03% | |
| Italy | 0.02% | |
| Sweden | <0.01% | |
| Australia | <0.01% | |
| France | <0.01% | |
| Netherlands | −<0.01% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 91.71% | |
| Japanese yen (JPY) | 0.19% | |
| Euro (EUR) | -0.05% | |
| Canadian dollar (CAD) | 0.02% | |
| Swedish krona (SEK) | <0.01% | |
| Australian dollar (AUD) | <0.01% | |
| British pound (GBP) | −<0.01% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $2.4860
- 12-month yield
- 4.79%
- Frequency
- Quarterly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($2.4860) ÷ latest price ($51.90) × 100 = 4.79%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (18 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.2320 |
| 25 Jun 2026 | $0.2300 |
| 26 Mar 2026 | $0.1870 |
| 16 Dec 2025 | $1.8370 |
| 25 Sep 2025 | $0.2700 |
| 26 Jun 2025 | $0.2830 |
| 27 Mar 2025 | $0.2430 |
| 17 Dec 2024 | $1.3390 |
| 26 Sep 2024 | $0.2280 |
| 27 Jun 2024 | $0.3910 |
| 21 Mar 2024 | $0.3470 |
| 15 Dec 2023 | $0.4140 |
| 22 Sep 2023 | $0.3790 |
| 27 Jun 2023 | $0.3510 |
| 24 Mar 2023 | $0.2810 |
| 15 Dec 2022 | $0.1920 |
| 24 Jun 2022 | $0.0020 |
| 23 Dec 2021 | $1.4930 |
Filings and sources
- Form N-PORT report for June 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000037848) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- FMF and TQQQ ProShares UltraPro QQQ
- FMF and SOXL Direxion Daily Semiconductor Bull 3X ETF
- FMF and BBJP JPMorgan BetaBuilders Japan ETF
- FMF and QLD ProShares Ultra QQQ