FMCX

FMC Excelsior Focus Equity ETF

FMCX is an actively managed ETF that seeks to invest in the highest-conviction ideas of First Manhattan Co.'s research team.

First Manhattan, an independently owned and operated investment advisory firm, is the investment advisor to FMCX. First Manhattan has more than six decades of fundamental, research-based investing experience.

Why Invest in FMCX?

Overview

As of 03/31/2022

Objective

FMCX favors long-term holdings in companies believed to:

  • Possess durable competitive advantages
  • Earn higher-than-average returns on capital
  • Treat shareholders like partners
  • Have opportunities to reinvest excess cash profits at attractive rates of return

Performance

Inception Date: 04/25/2022

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 888.530.2448.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

NAV Return represents the closing price of underlying securities.

Market Return is calculated using the price which investors buy and sell ETF shares in the market.

Composition

Data as of Top 10 Holdings Ticker Shares Held Holdings Updated Quarterly + 60-Day lag
07/01/2022 KKR & CO INC-A KKR 97,901.00 6.66%
07/01/2022 UNITEDHEALTH GRP UNH 7,972.00 6.00%
07/01/2022 APPLE INC AAPL 25,949.00 5.25%
07/01/2022 BROOKFIELD ASS-A BAM 79,784.00 5.23%
07/01/2022 MICROSOFT CORP MSFT 13,396.00 5.06%
07/01/2022 BERKSHIRE HATH-A BRK/A 8.00 4.84%
07/01/2022 AMAZON.COM INC AMZN 26,580.00 4.24%
07/01/2022 STARBUCKS CORP SBUX 35,870.00 4.14%
07/01/2022 IAC/INTERACTIVEC IAC 36,296.00 4.05%
07/01/2022 O'REILLY AUTOMOT ORLY 4,376.00 4.05%

As a percent of total assets. The top ten holdings, industry sectors, and asset allocation are presented to illustrate examples of the securities that the Fund has bought and the diversity of areas in which the Fund may invest and may not be representative of the Fund’s current or future investments. The top ten holdings do not include money market instruments. Portfolio holdings are subject to change and should not be considered investment advice.

wdt_ID Empty Column Information Data
2 Sector 1 X.XX%
3 Sector 2 X.XX%
4 Sector 3 X.XX%
5 Sector 4 X.XX%
6 Sector 5 X.XX%
7 Sector 6 X.XX%
8 Sector 7 X.XX%
9 Sector 8 X.XX%

How to Buy

FMCX trades intraday on an exchange and is available through various channels, including broker-dealers, investment advisers, and other financial services firms.

Neither First Manhattan Co. nor Northern Lights Distributor, LLC is affiliated with the firms listed. Their listing should not be viewed as a recommendation or endorsement.