First Trust Managed Futures Strategy Fund

FMF · AMEX

Market closed$49.92$-0.280000 (-0.56%)After hours $49.92 · 0.00%

Key statistics

Previous close$50.20

Open$49.82

Day high$50.02

Day low$49.72

52-week high$52.44

52-week low$45.02

Market cap271.40M

Volume18.78K

Average volume58.10K

P/E ratio—

Forward P/E—

EPS—

Dividend yield0.00%

Market context

Why it moved

FMF edged lower amid broader market caution, as news surrounding the Mexican Football Federation's structural overhaul — abolishing promotion and relegation in Liga MX — and the appointment of Rafael Márquez as national team head coach introduced uncertainty around the federation's strategic direction and financial outlook.

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What is happening

Recent company-specific developments and publisher coverage.

No recent company-specific updates are available.

Peers

S&P 500SPX · $7,457.69-1.01%

Barron's 400SM ETFBFOR · $23.35-0.91%

Bluemonte Large Cap Value ETFBVAL · $31.27-0.52%

State Street SPDR S&P Kensho Clean Power ETFCNRG · $96.75+0.39%

First Trust California Municipal High Income ETFFCAL · $49.29-0.05%

GMO International Value ETFGMOI · $38.81+0.03%

KraneShares Mount Lucas Managed Futures Index Strategy ETFKMLM · $28.97+0.03%

Overlay Shares Large Cap Equity ETFOVL · $56.22-1.32%

Roundhill Investments - PLTR WeeklyPay ETFPLTW · $18.89-1.72%

Astoria US Equal Weight Quality Kings ETFROE · $41.56-0.31%

WisdomTree Managed Futures Strategy FundWTMF · $40.83-0.37%

Company profile

First Trust Managed Futures Strategy Fund (FMF) is an actively managed exchange-traded fund launched and managed by First Trust Advisors LP, listed on NYSE Arca since August 2, 2013, with approximately $273 million in assets under management. The fund seeks to provide positive returns that are not directly correlated to broad market equity or fixed income returns by investing in a diversified portfolio of exchange-listed futures across commodity (50%), currency (25%), and equity index (25%) markets, taking both long and short positions based on systematic trend-following strategies. For its fixed income sleeve, the fund also holds short-term U.S. government and agency securities, sovereign debt, and money market instruments, with a portion of its investments held through a wholly-owned Cayman Islands subsidiary. Benchmarked against the ICE BofA 3-Month U.S. Treasury Bill Index, the Credit Suisse Managed Futures Liquid Index, and the S&P 500 Index, FMF is designed to serve as a portfolio diversifier and hedge, offering structural defense during equity market downturns, though it carries a relatively high expense ratio of approximately 0.98%.

Symbol: FMF
Exchange: AMEX
Sector: Financial Services
Industry: Asset Management
Employees: 0
Country: US
IPO date: 2013-08-02
Website: ftportfolios.com

Analyst consensus

hold

0 ratings

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