FMF:ARCA-First Trust Morningstar Managed Futures Strategy Fund (USD)

ETF | Managed Futures | NYSE Arca

Last Closing

USD 49.4984

Change

+0.12 (+0.24)%

Market Cap

USD 7.24M

Volume

0.01M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment seeks to achieve positive returns that uses as a benchmark, the Morningstar Diversified Futures Index. The fund is an actively managed exchange-traded fund that seeks to achieve positive returns that are not directly correlated to broad market equity or fixed income returns. It seeks to exceed the performance of the Benchmark by actively selecting investments for the fund with varying maturities from the underlying components of the Benchmark. The fund is non-diversified.

Inception Date: 01/08/2013

Primary Benchmark: ICE BofAML US 3M Trsy Bill TR USD

Primary Index: Credit Suisse Mgd Futures Liquid TR USD

Gross Expense Ratio: 1.0%

Management Expense Ratio: 0.95 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-04-23 )

Largest Industry Peers for Managed Futures

Symbol Name Mer Price(Change) Market Cap
DBMF iMGP DBi Managed Futures Strat.. 0.00 %

-0.09 (-0.31%)

USD 1.02B
WTMF WisdomTree Managed Futures Str.. 0.65 %

+0.11 (+0.30%)

USD 0.21B

ETFs Containing FMF

N/A

Market Performance

  Market Performance vs. Industry/Classification (Managed Futures) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 7.35% 67% D+ 78% C+
Dividend Return 0.75% 100% F 40% F
Total Return 8.10% 67% D+ 77% C+
Trailing 12 Months  
Capital Gain 3.84% 33% F 46% F
Dividend Return 2.26% 33% F 33% F
Total Return 6.09% 33% F 41% F
Trailing 5 Years  
Capital Gain 9.36% 100% F 53% F
Dividend Return 6.74% 50% F 22% F
Total Return 16.11% 100% F 46% F
Average Annual (5 Year Horizon)  
Capital Gain 2.62% 100% F 51% F
Dividend Return 3.89% 33% F 47% F
Total Return 1.27% 33% F 31% F
Risk Return Profile  
Volatility (Standard Deviation) 5.42% 100% F 92% A
Risk Adjusted Return 71.64% 100% F 91% A-
Market Capitalization 7.24M 33% F 29% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.