Key stats
About FM Focus Equity ETF
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Inception date
Apr 25, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Manhattan Co. LLC
Distributor
Northern Lights Distributors LLC
ISIN
US66538H2114
FMCX is designed to provide exposure to the broad US equity market while focusing on high-quality companies it believes possess durable competitive advantages, earn higher-than-average returns on capital, manage with strong governance practices, and exhibit opportunities for cash flow regeneration. The adviser utilizes fundamentals-based, intensive research for stock selection while emphasizing favorable business and earnings quality, as well as expectations for long-term growth. The fund holds around 25-30 securities and imposes a 10% individual capping at acquisition. FMCX is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings, unlike other ETFs. As such, there is a risk that shares may trade at wider spreads, especially during periods of volatility. The fund instead provides a verified intraday indicative value throughout the day. Before June 28, 2024, the fund was named FMC Excelsior Focus Equity ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Retail Trade
Stocks92.41%
Technology Services26.93%
Finance16.13%
Electronic Technology13.90%
Retail Trade11.68%
Producer Manufacturing9.27%
Process Industries4.53%
Health Technology3.70%
Commercial Services2.25%
Transportation1.94%
Consumer Services1.51%
Consumer Non-Durables0.48%
Bonds, Cash & Other7.59%
Mutual fund7.68%
Cash−0.09%
Stock breakdown by region
North America91.86%
Europe8.14%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMCX invests in stocks. The fund's major sectors are Technology Services, with 26.96% stocks, and Finance, with 16.15% of the basket. The assets are mostly located in the North America region.
FMCX last dividends amounted to 0.04 USD. The quarter before, the issuer paid 0.05 USD in dividends, which shows a 10.26% decrease.
FMCX assets under management is 112.59 M USD. It's risen 2.40% over the last month.
FMCX fund flows account for 161.75 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMCX pays dividends to its holders with the dividend yield of 0.26%. The last dividend (Jun 30, 2025) amounted to 0.04 USD. The dividends are paid quarterly.
FMCX shares are issued by FMC Group Holdings LP under the brand First Manhattan. The ETF was launched on Apr 25, 2022, and its management style is Active.
FMCX expense ratio is 0.71% meaning you'd have to pay 0.71% of your investment to help manage the fund.
FMCX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMCX invests in stocks.
FMCX price has risen by 3.31% over the last month, and its yearly performance shows a 12.44% increase. See more dynamics on FMCX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.30% over the last month, showed a 6.63% increase in three-month performance and has increased by 14.85% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.30% over the last month, showed a 6.63% increase in three-month performance and has increased by 14.85% in a year.
FMCX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.