# FM Compounders Equity ETF (FMCE) — Overview

FMCE · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/fmce

## Price

Last close $29.10 on Oct 15, 2026. 52-week range $24.39 – $29.41.

## Fund profile

FMCE is actively managed, selecting 25-35 US stocks considered to be highly resilient and possess strong competitive advantages. The fund aims for long-term capital appreciation through fundamental research and selective investments. The fund uses the Precidian non-transparent structure.

| Metric | Value |
| --- | --- |
| Issuer | First Manhattan Co. LLC |
| Industry | — |
| Inception | Apr 22, 2022 |
| Assets under management | $69.1M |
| Expense ratio | 0.72% |
| Net asset value | $28.68 (as of Oct 14, 2026) |
| Distributions | Semi-Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is FM Compounders Equity ETF (FMCE)?

FMCE is actively managed, selecting 25-35 US stocks considered to be highly resilient and possess strong competitive advantages. The fund aims for long-term capital appreciation through fundamental research and selective investments. The fund uses the Precidian non-transparent structure.

### What is FMCE's expense ratio?

FM Compounders Equity ETF charges an annual expense ratio of 0.72%. The fund is issued by First Manhattan Co. LLC.

### How large is FMCE?

FM Compounders Equity ETF manages $69.1M in assets and has traded since Apr 22, 2022.

### How do I buy shares of FM Compounders Equity ETF (FMCE)?

FMCE trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).