FTMAX — First Trust Multi-Strategy Fund
Data updated: 2026-05-22
FTMAX — First Trust Multi-Strategy Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Managed Futures / Global Macro · $1.30B AUM · 1.86% expense ratio · 5.7% 1-yr return. From SEC regulatory filings.
FTMAX Fund Overview
FTMAX — First Trust Multi-Strategy Fund is a US mutual fund managed by Investment Managers Series Trust II, categorised as Managed Futures / Global Macro. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Investment Managers Series Trust II
- Category: Managed Futures / Global Macro
- Assets under management: $1.30B
- 1-year return: 5.7%
- Ticker: FTMAX
- SEC CIK: 0001587982
- SEC series ID: S000055376
- Share class ID: C000174208
FTMAX Holdings
Top 10 holdings of First Trust Multi-Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Spx 06/30/26 C6000 06/26 6000.0 Cal / | 16.45% |
| Spx 03/31/26 C6000 03/26 6000.0 Cal / | 13.16% |
| Spx 03/31/26 P7000 03/26 7000.0 Put / | 11.74% |
| Spx 06/30/26 P7000 06/26 7000.0 Put / | 11.63% |
| Umb Money Market Ii Special / | 5.93% |
| Chart Industries Inc | 1.41% |
| Hologic Inc | 1.07% |
| Sealed Air Corp | 1.05% |
| Masimo Corp | 0.90% |
| Electronic Arts Inc | 0.86% |
FTMAX Portfolio Allocation
Asset-class allocation of First Trust Multi-Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 53.2% |
| Securitized | 50.6% |
| Equity | 17.6% |
| Cash & Equivalents | 5.9% |
| Other | 1.7% |
| Fixed Income | 1.1% |
FTMAX Performance
Total returns for FTMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.6% |
| 1 year | 5.7% |
| 3 years (annualised) | 6.3% |
| 5 years (annualised) | 3.8% |
FTMAX Risk Information
Risk metrics for FTMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.4%
FTMAX Costs and Fees
FTMAX costs about $186 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.86%
- Gross expense ratio: 1.86%
- Portfolio turnover: 191%
- Brokerage commissions: 5.42 bps of average net assets (SEC N-CEN)
FTMAX Cashflows
Over the 12 months to 2026-03, First Trust Multi-Strategy Fund had net inflows of $476.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $20.01M |
| 2026-02 | $50.17M |
| 2026-01 | $35.23M |
| 2025-12 | $46.74M |
| 2025-11 | $36.85M |
| 2025-10 | $61.52M |
FTMAX Debt Constituents
Largest debt holdings of First Trust Multi-Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Rmls Class D LLC / | 0.20% |
| Rmls Class E LLC / | 0.19% |
| Rmls Class B LLC / | 0.13% |
| Rmls Class C LLC / | 0.13% |
| Nexbank Capital, Inc. | 0.11% |
| Rmls Class F LLC / | 0.11% |
| Valley National Bancorp | 0.07% |
| Atlantic Union Bankshare | 0.07% |
| Flushing Financial Corp. | 0.07% |
FTMAX Prospectus and SEC Filings
Official First Trust Multi-Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Managed Futures / Global Macro 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.