FMF – First Trust Managed Future Strategy ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with positive returns. The fund is an actively managed exchange-traded fund that seeks to achieve positive returns that are not directly correlated to broad market equity or fixed income returns. Under normal market conditions, the fund and a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands, invest significantly in a portfolio of exchange-listed futures.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FMF	First Trust Managed Futures Strategy Fund	ETF	Open		—	Aug 1, 2013	$285.51M	0.980%	—	—	$73.82M

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