# FM Focus Equity ETF (FMCX) — Overview

FMCX · NYSE · Fund

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

## Price

Last close $36.74 on Oct 15, 2026. 52-week range $31.31 – $37.73.

## Fund profile

FMCX is an actively managed, non-transparent fund that seeks long-term capital appreciation by targeting US-listed companies, selected using a research-intensive, bottom-up fundamental approach. The fund utilizes the Precidian non-transparent model.

| Metric | Value |
| --- | --- |
| Issuer | First Manhattan Co. LLC |
| Industry | — |
| Inception | Apr 22, 2022 |
| Assets under management | $116.8M |
| Expense ratio | 0.71% |
| Net asset value | $36.22 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is FM Focus Equity ETF (FMCX)?

FMCX is an actively managed, non-transparent fund that seeks long-term capital appreciation by targeting US-listed companies, selected using a research-intensive, bottom-up fundamental approach. The fund utilizes the Precidian non-transparent model.

### What is FMCX's expense ratio?

FM Focus Equity ETF charges an annual expense ratio of 0.71%. The fund is issued by First Manhattan Co. LLC.

### How large is FMCX?

FM Focus Equity ETF manages $116.8M in assets and has traded since Apr 22, 2022.

### How do I buy shares of FM Focus Equity ETF (FMCX)?

FMCX 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.

---

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).