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About FM Compounders Equity ETF
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Inception date
Nov 11, 2024
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
US66537J7880
FMCE operates as a non-transparent ETF, utilizing confidential accounts for trades to maintain privacy regarding its portfolio. The fund aims for long-term capital appreciation by investing in 25-35 of the Issuers highest conviction in US stocks. Companies selected are those that are expected to produce free cash flow and possess strong competitive advantages. Its selection process relies on fundamental research, targeting compounders, which are businesses that reliably generate and compound cash flow, as well as undervalued firms that may present opportunities for growth. In addition, FMCE may invest in special situations, such as companies undergoing restructuring or other strategic changes, which may present temporary disconnects between share prices and intrinsic value. The fund is actively managed, seeking to adapt to market conditions by monitoring industry trends to identify promising investment opportunities, and to align its holdings. Holdings are disclosed quarterly, with a 60-day lag.
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
Finance
Technology Services
Stocks94.22%
Finance38.53%
Technology Services13.24%
Consumer Non-Durables8.19%
Producer Manufacturing7.16%
Retail Trade7.04%
Health Technology6.25%
Electronic Technology4.80%
Process Industries2.53%
Consumer Services2.24%
Energy Minerals1.98%
Transportation1.63%
Distribution Services0.57%
Bonds, Cash & Other5.78%
Mutual fund5.85%
Cash−0.07%
Stock breakdown by region
North America96.75%
Europe3.25%
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
FMCE invests in stocks. The fund's major sectors are Finance, with 38.56% stocks, and Technology Services, with 13.25% of the basket. The assets are mostly located in the North America region.
FMCE last dividends amounted to 0.06 USD. Six months before that, the issuer paid 0.05 USD in dividends, which shows a 13.69% increase.
Yes, FMCE pays dividends to its holders with the dividend yield of 0.44%. The last dividend (Jun 30, 2025) amounted to 0.06 USD. The dividends are paid semi-annually.
FMCE shares are issued by FMC Group Holdings LP under the brand FM. The ETF was launched on Nov 11, 2024, and its management style is Active.
FMCE expense ratio is 0.72% meaning you'd have to pay 0.72% of your investment to help manage the fund.
FMCE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMCE invests in stocks.