# First Trust Managed Futures Strategy Fund (FMF) — Overview

FMF · NYSE · Fund

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

## Price

Last close $51.96 on Oct 15, 2026. 52-week range $46.61 – $52.85.

## Fund profile

FMF seeks positive returns uncorrelated with major asset classes. The actively managed fund uses futures in commodity (50%), currency (25%) and equity (25%) indexes.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Aug 1, 2013 |
| Assets under management | $296.4M |
| Expense ratio | 0.98% |
| Net asset value | $52.44 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Managed Futures Strategy Fund (FMF)?

FMF seeks positive returns uncorrelated with major asset classes. The actively managed fund uses futures in commodity (50%), currency (25%) and equity (25%) indexes.

### What is FMF's expense ratio?

First Trust Managed Futures Strategy Fund charges an annual expense ratio of 0.98%. The fund is issued by First Trust Advisors L.P..

### How large is FMF?

First Trust Managed Futures Strategy Fund manages $296.4M in assets and has traded since Aug 1, 2013.

### How do I buy shares of First Trust Managed Futures Strategy Fund (FMF)?

FMF 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).