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FMTM

GradeANASDAQ Global Select

MarketDesk Focused U.S. Momentum ETF

Active Equity · MarketDesk · Inception 2025-03-20

$38.66−0.13 (−0.34%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Mar 20, 2025.
Intraday session: down, 56 prints from 38.79 to 38.66. Range 38.58 to 38.92. Use the arrow keys to read each point.$38.60$38.80$38.9010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$278M
1Y return
+27.9%
Yield · Last 12 months
Data unavailable
Volume · 30D
0.2M sh
NAV per share
$38.72
52W range
low $28.92high $48.00

The ETF.net FMTM Grade

A

71/ 100

Rank 5 of 22 in US Active Momentum⁠

Confidence Medium

Six-pillar profile for FMTM. Scores out of 100: Cost 74, Risk 49, Mission not scored, Tradability 93, Holdings 70, Durability 60. Strongest: Tradability (93). Weakest: Risk (49). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A 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.
    AScore 74
    Category rank6/22 · top 27%

  • 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.
    CScore 49
    Category rank13/21 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 93
    Category rank1/22 · top 5%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank8/21 · top 38%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank9/22 · top 41%

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

Our read on FMTM

ETF.net Research

AMomentum with a hand on the wheel: an actively managed, rules-based screen that hunts U.S. stocks showing strong relative momentum, with a quality check bolted on. Launched in 2025 and priced under the typical active momentum fund.

Stated mandate

The Fund seeks long-term capital appreciation. It is actively managed and uses a proprietary, quantitative, rules-based process to select U.S. equities demonstrating strong relative momentum.

Why people hold it

  1. 01Costs 0.45% a year, comfortably below the median fund in its U.S. momentum peer group.
  2. 02Raw momentum can chase junk. The prospectus process pairs the momentum screen with a quality factor, so what's rising also has to hold up on the books.
  3. 03Moderately traded, with one of the smoother trading profiles among systematic U.S. momentum funds. Getting in and out is rarely the friction point.
  4. 04Sits in the top quartile of the systematic U.S. momentum funds ETF.net tracks, a cohort stacked with giant index-based rivals.

Worth knowing

  1. 01Launched in 2025, so the model has yet to be tested across a full market cycle and its risk picture rests on a short record.
  2. 02The index-based heavyweights (JMOM, VFMO, SPMO, MTUM) charge 0.12% to 0.15%. Active security selection here carries a higher sticker.
  3. 03Momentum strategies crowd into whatever is already winning, so the ride tends to be choppier than a broad U.S. market fund when leadership rotates.

FMTM Holdings

As of Sep 20, 2026, 10:33 PM
Asset class
Stocks
Holdings
—
Top-10 weight
37%
Largest holding
NTRA3.9%

Geography

  • United States97.05%
  • Ireland2.95%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NTRANatera Inc3.91%29,444$11M223
002MPCMarathon Petroleum Corp3.85%25,186$11M391
003ILMNIllumina Inc3.81%44,189$11M305
004GHGuardant Health Inc3.79%58,716$11M171
005AVTRAvantor Inc3.61%647,083$10M121
006NTAPNetApp Inc3.59%50,451$10M410
007HALOHalozyme Therapeutics Inc3.57%88,334$10M200
008TMOThermo Fisher Scientific Inc3.55%15,155$10M369
009RNGRingCentral Inc3.50%135,334$10M153
010MEDPMedpace Holdings Inc3.50%15,878$10M205
011EXPDExpeditors International of Washington Inc3.39%49,394$9M319
012SNOWSnowflake Inc3.39%28,349$9M321
013VOYAVoya Financial Inc3.38%92,394$9M165
014RGENRepligen Corp3.34%52,562$9M150
015TGTTarget Corp3.33%58,499$9M365

Showing 1–15 of 32 holdings

FMTM Performance

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

FMTM$12,788
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FMTM $12,788. SPY $11,723. Use the arrow keys to read each point.$9,143$11,959$14,776Sep 2025Mar 2026Sep 2026

Sep 22, 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 FMTM. Periods over one year show the average yearly return.
PeriodFMTM
Year to date+20.7%
1 month+0.1%
3 months−10.7%
1 year+27.9%
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 FMTM
YearReturn barFMTM
2026 YTD+20.7%
2025+27.9%

Since listing, Mar 20, 2025

FMTM in the news

ETF.net Research hasn’t filed on FMTM yet — coverage lands here as it’s written.

FMTM 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
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.10. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.10

FMTM Risk

How much the fund’s monthly returns vary, scaled to a year.
20.7%
Annualised · 17 months to Aug 2026
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.
1.41
vs 3-month T-bills · 17 months to Aug 2026
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.
−15.4%
18 months · trough Jul 2026
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.
0.96
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.

FMTM Cost

Expense ratio0.45%
  • The middle half of US Active Momentum funds
  • Median 0.63%

5 of the 21 US Active Momentum funds charge less.

FMTM costs $45.00 a year on $10,000. The median US Active Momentum fund costs $63.00.