Key stats
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.
Related funds
Classification
What's in the fund
Exposure type
Finance
Technology Services
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FMCE assets under management is 63.50 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FMCE invests in stocks. See more details in our Analysis section.
FMCE expense ratio is 0.72%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FMCE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FMCE pays dividends to its holders with the dividend yield of 0.44%.
FMCE shares are issued by FMC Group Holdings LP
FMCE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 11, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.