First Trust Managed Futures Strategy Fund (FMF)

Assets	$245.97M
Expense Ratio	0.95%
PE Ratio	n/a
Shares Out	4.85M
Dividend (ttm)	$2.63
Dividend Yield	5.22%
Ex-Dividend Date	Dec 16, 2025
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	12,409
Open	50.32
Previous Close	50.62
Day's Range	50.20 - 50.55
52-Week Low	44.08
52-Week High	52.44
Beta	-0.07
Holdings	10
Inception Date	Aug 1, 2013

About FMF

Fund Home Page

The First Trust Managed Futures Strategy Fund (FMF) is an exchange-traded fund that mostly invests in global macro alternatives. The fund seeks positive returns uncorrelated with major asset classes. The actively managed fund uses futures in commodity (50%), currency (25%) and equity (25%) indexes. FMF was launched on Aug 1, 2013 and is issued by First Trust.

• Asset Class: Alternatives
• Category: Systematic Trend
• Stock Exchange: NYSEARCA
• Ticker Symbol: FMF
• ETF Provider: First Trust

Top Holdings

Name	Symbol	Weight
Ft Morningstar Fut Strat Cay 659025	n/a	24.48%
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio	MISXX	13.88%
Dreyfus Govt Cm Inst 289	n/a	13.88%
United States Treasury Notes 0.75%	T.0.75 03.31.26	12.57%
United States Treasury Bills 0%	B.0 04.30.26	12.12%
United States Treasury Bills 0%	B.0 03.12.26	8.12%
United States Treasury Bills 0%	B.0 04.16.26	6.07%
United States Treasury Bills 0%	B.0 05.14.26	6.05%
United States Treasury Notes 0.875%	T.0.875 06.30.26	2.82%
Cash	n/a	0.00%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 16, 2025	$1.8367	Dec 31, 2025
Sep 25, 2025	$0.2703	Sep 30, 2025
Jun 26, 2025	$0.2834	Jun 30, 2025
Mar 27, 2025	$0.2428	Mar 31, 2025
Dec 17, 2024	$1.3394	Dec 31, 2024
Sep 26, 2024	$0.2283	Sep 30, 2024

Performance

FMF had a total return of 14.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.88%.