FM Compounders Equity ETF
$29.10+0.10 (+0.35%)
- 0.71%
- $70M
- +12.8%
- 2.80%
- 0M sh
- $28.90
- low $24.39high $29.41
The ETF.net FMCE Grade
D
Score 37 out of 100
- 11 of 17
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D38 out of 100Rank 10 of 17Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 6 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F2 out of 100Rank 17 of 17Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 13 of 17Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 5 of 17
Our read on FMCE
DFirst Manhattan's stock pickers distill their best ideas into 25 to 35 US names. Active, non-diversified, moat-and-cash-flow investing in an ETF wrapper since 2024.
The Fund seeks long-term capital appreciation.
Why people hold it
- Real concentration: 25 to 35 US common stocks, so each pick carries weight instead of vanishing into an index tail.finance.yahoo.comstockanalysis.com
- Plain mandate: long-term capital appreciation from resilient businesses with strong competitive advantages, picked by fundamental research rather than a screen.stockanalysis.com
- Old-school stock picking, modern plumbing: actively managed by First Manhattan, with at least 80% of assets in equities under normal conditions.finance.yahoo.com
Worth knowing
- At 0.70% a year it prices above most of its quality-and-moat peers; PSET charges 0.15% for a systematic take on the same idea.
- Thinly traded, which can mean wider bid-ask spreads and more slippage on bigger orders than in mainstream large-cap funds.
- Non-diversified and live only since 2024: fewer names to absorb a stumble, and a record too short to judge across a full cycle. Lower tier of its cohort on our review.finance.yahoo.com
FMCE Holdings
- Stocks
- 31
- 57%
- Cash
Geography
- United States92.70%
- Netherlands3.28%
- United Kingdom2.92%
- Japan1.11%
FMCE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FMCE$11,280
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FMCE |
|---|---|
| Year to date | +10.5% |
| 1 month | +1.8% |
| 3 months | +1.6% |
| 1 year | +12.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FMCE |
|---|---|---|
| 2026 YTD | +10.5% | |
| 2025 | +11.1% | |
| 2024 | −2.4% |
FMCE in the news
FMCE Dividends
- 2.80%
- $0.81
- $0.03 per share
- Twice a year
Distribution history
FMCE Risk
- 11.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.34
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMCE Cost
0.71%
FMCE0.71%
- The middle half of US Active Quality funds
- Median 0.58%
9 of the 17 US Active Quality funds charge less.
Other funds in US Active Quality
- CJGRWJensen Quality Growth ETFExpense ratio 0.57%1 year return +6.5%
- CEQTYKovitz Core Equity ETFExpense ratio 0.99%1 year return +15.8%
- DNQLTNeuberger Quality Select ETFExpense ratio 1.52%1 year return —
- DBWTGBrendan Wood TopGun ETFExpense ratio 0.98%1 year return +14.0%
- DJHACJohn Hancock Investments - Fundamental All Cap Core ETFExpense ratio 0.72%1 year return +6.6%