FMCX Performance — FM Focus Equity ETF
Data updated: 2026-07-28
FMCX returned +7.21% year to date and +17.99% over one year to May 2026. The annualised 3-year return is +17.15%. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $161, against $165 for the category, and to $118 over one year, against $122. Volatility over the past three years was 14.46% a year. In the 12 months to May 2026 the fund lost a net $691K, and assets reached $117.80M.
FMCX Growth of $100
What $100 invested in FM Focus Equity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FMCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $118 | $122 |
| 3 years (Jun 2023 – May 2026) | $161 | $165 |
| Since data start (Mar 2022 – May 2026) | $155 | $160 |
FMCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.21% |
| 1 year | +17.99% |
| 3 years (annualised) | +17.15% |
FMCX Annual Returns
Calendar-year total returns of FM Focus Equity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.21% |
| 2025 | +11.08% |
| 2024 | +19.31% |
| 2023 | +21.94% |
| 2022 (Mar–Dec) | −10.58% |
FMCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | −2.4% | −5.1% | +11.8% | +2.8% | — | — | — | — | — | — | — |
| 2025 | +4.0% | −3.3% | −4.9% | 0.0% | +5.6% | +5.1% | +2.6% | +0.6% | +3.6% | −1.1% | +0.1% | −1.0% |
| 2024 | +0.6% | +5.0% | +2.9% | −5.1% | +2.8% | +1.7% | +2.9% | +2.9% | +3.2% | −2.1% | +6.4% | −2.8% |
| 2023 | +6.1% | −2.3% | +1.7% | +1.6% | +0.7% | +5.8% | +2.1% | −2.3% | −4.6% | −3.0% | +11.6% | +3.8% |
| 2022 | — | — | 0.0% | −3.9% | +0.4% | −7.8% | +9.3% | −5.1% | −8.8% | +6.8% | +5.5% | −5.6% |
FMCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.46%
- 3-year Sharpe ratio: 0.87 (vs 4.5% risk-free rate)
- Best month: +11.85% (Apr 2026)
- Worst month: −5.15% (Mar 2026)
FMCX Fund Flows
Monthly money in and out of FM Focus Equity ETF, from SEC Form N-PORT.
- 12-month net flow: −$691K
- 12-month gross sales (incl. reinvestments): $27.2M
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.2M | $3.3M | −$63K |
| Apr 2026 | $0 | $505K | −$505K |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $176K | $0 | $176K |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $352K | −$352K |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $6.3M | $6.3M | −$817 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $17.5M | $17.5M | $53K |
FMCX Assets Under Management
Net assets of FM Focus Equity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $117.80M |
| 2026-02-28 | $108.52M |
| 2025-11-30 | $111.62M |
| 2025-08-31 | $109.19M |
| 2025-05-31 | $100.83M |
| 2025-02-28 | $101.22M |
| 2024-11-30 | $104.95M |
| 2024-08-31 | $97.57M |
| 2024-05-31 | $90.78M |
| 2024-02-29 | $89.83M |
| 2023-11-30 | $82.70M |
| 2023-08-31 | $79.66M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.