# FM Compounders Equity ETF (FMCE): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fmce for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Manhattan · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-11-08 The FM Compounders Equity ETF (FMCE) is an actively managed exchange-traded fund. Under typical market circumstances, it primarily invests in a focused selection of 25 to 35 common stocks traded on U.S. national securities exchanges. A substantial portion of the fund's capital, at least 80% of its total assets, is consistently allocated to equity securities. This fund is structured as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $28.97 | | Expense Ratio | 0.71% | | Assets Under Management | $68.9M | | NAV | $28.63 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.80% | | Annual Distribution (TTM) | $0.81 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $24.39 – $29.41 | | Beta | 0.78 | ## Latest Distribution - Amount: $0.0339 /share - Ex-date: 2026-06-24 - Pay date: 2026-06-29 ## Frequently Asked Questions ### What does FMCE invest in? The FM Compounders Equity ETF (FMCE) is an actively managed exchange-traded fund. Under typical market circumstances, it primarily invests in a focused selection of 25 to 35 common stocks traded on U.S. national securities exchanges. A substantial portion of the fund's capital, at least 80% of its total assets, is consistently allocated to equity securities. This fund is structured as non-diversified. ### What is the expense ratio of FMCE? FM Compounders Equity ETF (FMCE) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FMCE? FM Compounders Equity ETF (FMCE) manages $68.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FMCE actively managed or an index fund? FMCE is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FMCE's is 0.71%) in exchange for the discretion to over- or under-weight positions. ### When was FMCE launched? FM Compounders Equity ETF (FMCE) launched in November 2024 and is managed by First Manhattan. ### How has FMCE performed? FMCE's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FMCE pay a dividend? FM Compounders Equity ETF (FMCE) currently distributes little or no income. Trailing-twelve-month yield is 2.80%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FMCE pay dividends? FM Compounders Equity ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FMCE's dividend yield? FMCE's trailing-twelve-month yield is 2.80%, calculated from the sum of dividends over the past year divided by the current price. ### When is FMCE's next ex-dividend date? The most recently announced ex-dividend date for FMCE was 2026-06-24. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FMCE's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.71% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FMCE charge its expense ratio? The expense ratio is deducted in tiny daily slices from FMCE's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FMCE cost more than a fund like VOO? FMCE is actively managed (current expense ratio 0.71%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FMCE's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FMCE? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FMCE (0.71%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fmce - Distribution history: https://www.dividenddata.com/funds/fmce/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fmce/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fmce/expenses - Peer comparison: https://www.dividenddata.com/funds/fmce/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.