ERM — EquityCompass Risk Manager ETF
Data updated: 2023-07-27
ERM — EquityCompass Risk Manager ETF. Money Market · $16.10M AUM · 0.66% expense ratio · -4.5% 1-yr return. Holdings, fees, performance and SEC filings.
ERM Fund Overview
ERM — EquityCompass Risk Manager ETF is a US ETF managed by First Trust Exchange-Traded Fund VIII, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: First Trust Exchange-Traded Fund VIII
- Category: Money Market
- Assets under management: $16.10M
- 1-year return: -4.5%
- Ticker: ERM
- SEC CIK: 0001667919
- SEC series ID: S000056061
- Share class ID: C000176587
ERM Investment Objective and Strategy
EquityCompass Risk Manager ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Trust Exchange-Traded Fund VIII.
Investment objective
"The EquityCompass Risk Manager ETF (the ""Fund"" ) seeks to provide long term capital appreciation with capital preservation as a secondary objective."
Principal investment strategy
"Under normal market conditions, the Fund seeks to achieve its investment objectives by investing in equity securities of companies domiciled in the U.S. or listed on a U.S. exchange. During periods when the U.S. equity market is determined to be unfavorable by the Fund's sub-advisor, Choice Financial Partners, Inc. d/b/a EquityCompass Strategies (the "" Sub-Advisor ""), the Fund may invest all or a portion of its assets in cash, cash equivalents and short-term fixed income exchange-traded funds ( ""ETFs"" ). The Fund's strategy seeks to provide exposure to U.S.-listed equity securities and to avoid large, prolonged market losses and reduce volatility. The equity securities held by the Fund are generally stocks in the S&P 100 Index and certain smaller capitalized stocks diversified across major economic sectors, typically within the S&P 500 Index.
The portfolio of equity securities and allocation decisions are determined by analyzing technical and fundamental market indicators to determine the current overall favorability of the market. When these indicators determine that the market is entering an unfavorable period, the Fund may invest all or a portion of its assets in cash, cash equivalents, money market funds and/or short-term fixed income ETFs, or the Fund may invest all or a portion of its assets in a single short-term fixed income ETF, the First Trust Enhanced Short Maturity ETF (FTSM). Certain of the ETFs in which the Fund invests may be advised by First Trust Advisors L.P., the Fund's investment advisor. FTSM FTSM's investment objective is to seek current income, consistent with preservation of capital and daily liquidity.
Under normal market conditions, FTSM intends to achieve its investment objective by investing at least 80% of its net assets in a portfolio of U.S. dollar-denominated fixed- and variable-rate instruments (collectively, ""Fixed Income Securities"" ) issued by U.S. and non-U.S. public and private sector entities. Fixed Income Securities will include the following types of fixed- and variable-rate debt securities: corporate and government bonds and notes; agency securities; instruments of non-U.S. issuers in developed markets; privately issued securities; asset-backed securities; mortgage-related securities; municipal bonds; and money market securities. Under normal market conditions, FTSM's average duration is expected to be below one year and the average maturity of FTSM's portfolio is expected to be below three years.
FTSM may invest in asset-backed securities, including mortgage-related securities. Asset-backed securities are fixed income securities that are backed by a pool of assets, usually loans such as installment sale contracts or credit card receivables. Mortgage-related securities are asset-backed securities based on a particular type of asset, a mortgage. There are a wide variety of mortgage-related securities involving commercial or residential, fixed rate or adjustable rate mortgages and mortgages issued by banks or government agencies. FTSM intends to limit its investments in asset-backed securities and non-agency mortgage-related securities (in the aggregate) to 20% of its net assets. FTSM may also invest up to 20% of its net assets in floating rate loans. Additional information regarding FTSM, including its prospectus and most recent annual report, is available without charge by visiting www.ftportfolios.com/Retail/Etf/EtfFundNews.aspx?Ticker=FTSM.
The equity securities in which the Fund invests may be of any market capitalization. The Fund is classified as ""non-diversified"" under the Investment Company Act of 1940, as amended (the "" 1940 Act "")."
ERM Performance
Total returns for ERM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.5% |
| 3 years (annualised) | 10.1% |
ERM Risk Information
Risk metrics for ERM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.9%
ERM Costs and Fees
ERM costs about $66 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.66%
- Gross expense ratio: 0.66%
- Portfolio turnover: 120%
- Brokerage commissions: 2.63 bps of average net assets (SEC N-CEN)
ERM Cashflows
Over the 12 months to 2023-05, EquityCompass Risk Manager ETF had net inflows of $5.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | $0 |
| 2023-04 | $0 |
| 2023-03 | $0 |
| 2023-02 | $1.14M |
| 2023-01 | $0 |
| 2022-12 | $0 |
ERM Debt Constituents
No individual debt constituents are reported in EquityCompass Risk Manager ETF's latest SEC N-PORT filing.
ERM Prospectus and SEC Filings
Official EquityCompass Risk Manager ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-12-29
- Prospectus (485BPOS) — filed 2021-12-29
- Prospectus supplement (497) — filed 2021-01-04
- Portfolio holdings (N-PORT) — filed 2023-07-27
- Portfolio holdings (N-PORT) — filed 2023-04-24
- Portfolio holdings (N-PORT) — filed 2023-01-30
- Annual census (N-CEN) — filed 2022-11-14
- Annual census (N-CEN) — filed 2021-11-12
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.