Key stats
Details
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Inception date
Oct 13, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740U7946
CUSIP
33740U794
FIGI
BBG012WDX6D6
Identifiers
ISIN US33740U7946
MMSC invests in small-cap US growth stocks while using a multi-manager approach. The fund expects to benefit from complementing investment strategies of different asset management firms. First Trust, the advisor, selects managers with consistent track record of success and have investment strategies focused on long-term outlook. Each manager or sub-advisor provides independent recommendations regarding selection and allocation of securities, respective to their portion of assets. The advisor may recommend the addition or removal of managers, as well as changes to the allocation of assets. Given the different styles of each sub-advisor, the allocation of assets within the portfolio is periodically rebalanced equally to maintain exposure to each managers strategy. As an actively managed fund, the portfolio managers can analyze market and financial data to make buy, sell, and hold decisions at their discretion.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Electronic Technology
Technology Services
Stocks98.74%
Health Technology24.55%
Electronic Technology15.16%
Technology Services15.13%
Finance9.37%
Producer Manufacturing8.07%
Industrial Services5.94%
Commercial Services3.82%
Consumer Services3.57%
Retail Trade3.55%
Transportation1.92%
Consumer Non-Durables1.63%
Energy Minerals1.55%
Non-Energy Minerals1.19%
Miscellaneous1.14%
Consumer Durables0.91%
Process Industries0.74%
Distribution Services0.52%
Bonds, Cash & Other1.26%
Mutual fund1.26%
Cash0.00%
Breakdown by region
North America94.83%
Europe2.51%
Asia1.33%
Middle East1.32%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
MMSC invests in stocks. The fund's major sectors are Health Technology, with 24.55% stocks, and Electronic Technology, with 15.16% of the basket. The assets are mostly located in the North America region.
MMSC top holdings are Xometry, Inc. Class A and nLIGHT, Inc., occupying 1.43% and 1.41% of the portfolio correspondingly.
MMSC assets under management is 51.45 M USD. It's fallen 2.56% over the last month.
MMSC fund flows account for 15.94 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
MMSC shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Oct 13, 2021, and its management style is Active.
MMSC expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
MMSC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMSC invests in stocks.
MMSC price has fallen by −3.86% over the last month, and its yearly performance shows a 32.04% increase. See more dynamics on MMSC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −3.69% over the last month, have fallen by −3.69% over the last month, showed a 2.80% increase in three-month performance and has increased by 31.86% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −3.69% over the last month, have fallen by −3.69% over the last month, showed a 2.80% increase in three-month performance and has increased by 31.86% in a year.
MMSC trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.