MMSC Performance — First Trust Multi-Manager Small Cap Opportunities ETF
Data updated: 2026-07-22
MMSC returned +18.19% year to date and +45.63% over one year to May 2026. The annualised 3-year return is +23.93%. The fund beat its US Small Growth category average: $100 invested three years ago grew to $190, against $157 for the category, and to $146 over one year, against $130. Volatility over the past three years was 19.83% a year. In the 12 months to May 2026 the fund took in a net $14.9M, and assets reached $52.32M.
MMSC Growth of $100
What $100 invested in First Trust Multi-Manager Small Cap Opportunities ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | MMSC | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $146 | $130 |
| 3 years (Jun 2023 – May 2026) | $190 | $157 |
| Since data start (Oct 2021 – May 2026) | $141 | $123 |
MMSC Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.19% |
| 1 year | +45.63% |
| 3 years (annualised) | +23.93% |
MMSC Annual Returns
Calendar-year total returns of First Trust Multi-Manager Small Cap Opportunities ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +18.19% |
| 2025 | +15.38% |
| 2024 | +22.20% |
| 2023 | +18.83% |
| 2022 | −30.98% |
| 2021 (Oct–Dec) | +2.92% |
MMSC 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 | +5.3% | +0.4% | −6.2% | +13.3% | +5.2% | — | — | — | — | — | — | — |
| 2025 | +3.9% | −8.7% | −7.6% | +1.2% | +5.5% | +6.3% | +2.0% | +4.9% | +5.3% | +4.7% | −0.5% | −1.3% |
| 2024 | +0.9% | +10.7% | +2.6% | −6.1% | +5.2% | +0.2% | +2.2% | +2.1% | +2.0% | −1.2% | +11.2% | −7.9% |
| 2023 | +7.5% | −0.9% | −1.2% | −1.1% | 0.0% | +8.3% | +3.0% | −1.6% | −6.2% | −6.6% | +9.5% | +8.4% |
| 2022 | −16.7% | +0.9% | −0.1% | −11.2% | −2.5% | −8.1% | +9.9% | −0.7% | −7.4% | +8.9% | +0.5% | −6.8% |
| 2021 | — | — | — | — | — | — | — | — | — | +6.0% | −3.1% | +0.2% |
MMSC Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 19.83%
- 3-year Sharpe ratio: 0.98 (vs 4.5% risk-free rate)
- Best month: +13.33% (Apr 2026)
- Worst month: −8.68% (Feb 2025)
MMSC Fund Flows
Monthly money in and out of First Trust Multi-Manager Small Cap Opportunities ETF, from SEC Form N-PORT.
- 12-month net flow: $14.9M
- 12-month gross sales (incl. reinvestments): $17.1M
- Sales ÷ redemptions: 7.91×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.4M | $0 | $1.4M |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $1.2M | $1.1M | $54K |
| Feb 2026 | $3.8M | $0 | $3.8M |
| Jan 2026 | $2.6M | $0 | $2.6M |
| Dec 2025 | $2.4M | $0 | $2.4M |
| Nov 2025 | $4.5M | $0 | $4.5M |
| Oct 2025 | $1.2M | $0 | $1.2M |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $1.0M | −$1.0M |
| Jun 2025 | $0 | $0 | $0 |
MMSC Assets Under Management
Net assets of First Trust Multi-Manager Small Cap Opportunities ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $52.32M |
| 2026-02-28 | $45.52M |
| 2025-11-30 | $35.15M |
| 2025-08-31 | $26.52M |
| 2025-05-31 | $24.28M |
| 2025-02-28 | $24.59M |
| 2024-11-30 | $26.01M |
| 2024-08-31 | $21.18M |
| 2024-05-31 | $15.44M |
| 2024-02-29 | $8.56M |
| 2023-11-30 | $7.86M |
| 2023-08-31 | $7.37M |
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.