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FMTL

GradeCNew York Stock Exchange Arca

First Trust Indxx Critical Metals ETF

Themes · First Trust · Inception 2025-11-04 · SEC filings

$35.60−0.57 (−1.58%)

As of Sep 23, 2026, 2:50 PM EDT

History starts Nov 5, 2025.History starts Nov 5, 2025.
Intraday session: down, 10 prints from 36.17 to 35.60. Range 35.45 to 36.62. Use the arrow keys to read each point.$36.00$36.5010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$30M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
46
Volume · 30D
0M sh
NAV per share
$35.87
52W range
low $23.95high $39.50

The ETF.net FMTL Grade

C

50/ 100

Rank 8 of 13 in Critical Materials⁠

Confidence Medium

Six-pillar profile for FMTL. Scores out of 100: Cost 38, Risk 82, Mission not scored, Tradability 48, Holdings 49, Durability 46. Strongest: Risk (82). Weakest: Cost (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank7/13 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 82
    Category rank1/13 · top 8%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank5/13 · top 38%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank7/11 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 46
    Category rank8/13 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FMTL

ETF.net Research

CFirst Trust's late-2025 entry into the critical-metals race: an index fund on the miners and processors behind batteries, magnets and grids, across US, developed and emerging markets. Priced at the category median, on a crowded shelf.

Stated mandate

The fund seeks investment results that generally correspond to the Indxx Global Critical Metals Index and normally invests at least 80% of net assets in securities comprising that index.

Why people hold it

  1. 01One ticket to the metals story: companies across the US, developed and emerging markets rather than a single-country bet.ftportfolios.com
  2. 02Rules-based by design. It tracks the Indxx Global Critical Metals Index and normally keeps at least 80% of net assets in that index's securities, so no stock-picking discretion.ftportfolios.com
  3. 03The 0.65% expense ratio sits right at the median for critical-materials ETFs, so the newest name on the shelf isn't charging a premium for being new.

Worth knowing

  1. 01Cheaper routes into the theme exist: PICK charges 0.39% and REMX 0.53%, both with far longer track records.
  2. 02It opened in November 2025, so there is no multi-year record of how tightly it tracks its index or how it holds up through a metals downturn.
  3. 03Distributions come annually or semiannually, and a young, small fund tends to trade in lighter volume than the category's established names.

FMTL Holdings

As of Sep 21, 2026, 5:33 PM
Asset class
Other
Holdings
46
Top-10 weight
61%
Largest holding
BHP.AX9.0%

Geography

  • United States23.04%
  • Canada20.33%
  • Australia11.34%
  • Japan9.56%
  • United Kingdom8.84%
  • Switzerland8.09%
  • Mexico4.67%
  • South Africa3.77%
  • Other countries (9)10.37%

Developed 80% · Emerging 20% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BHP.AXBHP Group Limited8.97%62,618$3M151
002FCXFreeport-McMoRan Inc.8.55%36,299$3M368
003GLEN.LGlencore Plc7.88%320,789$2M127
004AAL.LAnglo American Plc6.70%38,367$2M117
0058053.TSumitomo Corporation5.23%138,496$2M118
006WPMWheaton Precious Metals Corp.4.79%9,631$1M39
007CCJCameco Corporation4.72%15,650$1M49
008NEMNewmont Corporation4.63%11,401$1M428
009BBarrick Mining Corporation4.56%31,977$1M51
010GMEXICOB.MXGrupo Mexico, S.A.B. de C.V. (Class B)4.55%113,056$1M99
011AUAngloGold Ashanti plc4.25%12,499$1M82
012TECKTeck Resources Limited (Class B)3.63%16,815$1M31
013VALT.LValterra Platinum Limited2.69%9,515$816K6
014SCCOSouthern Copper Corporation2.00%3,095$606K214
015S32.AXSouth32 Limited1.86%160,767$565K98

Showing 1–15 of 52 holdings

FMTL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FMTL$12,595
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. FMTL $12,595. SPY $11,430. Use the arrow keys to read each point.$8,937$11,520$14,103Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for FMTL. Periods over one year show the average yearly return.
PeriodFMTL
Year to date+25.9%
1 month−6.5%
3 months+3.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FMTL
YearReturn barFMTL
2026 YTD+25.9%
2025+21.2%

History from Nov 5, 2025

FMTL in the news

FMTL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.51 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 12, 2025 $0.02; Jun 25, 2026 $0.51. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.51
Dec 12, 2025Dec 31, 2025$0.02

FMTL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMTL Cost

Expense ratio0.65%
  • The middle half of Critical Materials funds
  • Median 0.65%

6 of the 13 Critical Materials funds charge less.

FMTL costs $65.00 a year on $10,000. The median Critical Materials fund costs $65.00.