{
 "ticker": "FMCX",
 "name": "FM Focus Equity ETF",
 "issuer": "First Manhattan",
 "desk": "core",
 "url": "https://etfiq.com/funds/fmcx",
 "html": "https://etfiq.com/funds/fmcx",
 "markdown": "https://etfiq.com/funds/fmcx.md",
 "as_of": "2026-10-14",
 "verdict": "FMCX is actively managed and returned +4.0% over the past year.",
 "lead": "FMCX returned +4.0% over the year to Oct 14, 2026, charges 0.72% a year and holds $118m in net assets on May 31, 2026.",
 "category": {
  "id": "stocks",
  "name": "Stocks",
  "label": "Stock ETFs",
  "url": "https://etfiq.com/stocks/",
  "group": {
   "id": "us-stocks",
   "name": "U.S. stocks"
  },
  "segment": {
   "id": "us-large-blend",
   "name": "U.S. large-cap blend",
   "url": "https://etfiq.com/stocks/us-large-blend/"
  },
  "status": "classified",
  "as_of": "2026-10-15",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+4.0%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, total return, 1 year: +4.0%, as of Oct 14, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.72%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, expense ratio: 0.72%, as of Oct 14, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, holdings: 31, as of Oct 14, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.9%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, below its high: \u22123.9%, as of Oct 14, 2026."
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "0.3%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, 12-month yield, capital gains included, on its starting price: 0.3%, as of Oct 14, 2026."
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid annual), ex-date Jun 24, 2026",
   "value": "$0.029",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "FMCX, last payment (paid annual), ex-date Jun 24, 2026: $0.029, as of Oct 14, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-10-14",
   "sentence": "FMCX, net assets: $118m (SEC filing, whole fund, as filed for May 31, 2026)."
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Equity fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Stocks \u00b7 U.S. large-cap blend",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.72%",
   "source": "497 XBRL, Jul 17, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$36.25",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Apr 25, 2022",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 Index, measured by VOO, which tracks the same index",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "benchmark_named_in",
   "label": "Benchmark named in",
   "value": "its shareholder report, N-CSR, May 8, 2026",
   "source": null
  },
  {
   "key": "fmcx_1_year_to_oct_14_2026",
   "label": "FMCX, 1 year to Oct 14, 2026",
   "value": "+3.97%",
   "source": null
  },
  {
   "key": "voo_the_same_days",
   "label": "VOO, the same days",
   "value": "+17.56%",
   "source": null
  },
  {
   "key": "against_its_benchmark_1_year",
   "label": "Against its benchmark, 1 year",
   "value": "\u221213.59 pts",
   "source": "ETFIQ"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.9%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "47.1%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 31, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "77.3%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "76.3%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "46.2%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+0.2%",
   "Benchmark (VOO)": "+1.4%",
   "Gap to VOO": "\u22121.2 pts"
  },
  {
   "window": "3 months",
   "Total return": "\u22120.4%",
   "Benchmark (VOO)": "+2.2%",
   "Gap to VOO": "\u22122.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+3.7%",
   "Benchmark (VOO)": "+10.6%",
   "Gap to VOO": "\u22126.8 pts"
  },
  {
   "window": "Year to date",
   "Total return": "+5.3%",
   "Benchmark (VOO)": "+13.8%",
   "Gap to VOO": "\u22128.5 pts"
  },
  {
   "window": "1 year",
   "Total return": "+4.0%",
   "Benchmark (VOO)": "+17.6%",
   "Gap to VOO": "\u221213.6 pts"
  },
  {
   "window": "3 years",
   "Total return": "+56.8%",
   "Benchmark (VOO)": "+85.4%",
   "Gap to VOO": "\u221228.6 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+51.2%",
   "Benchmark (VOO)": "+91.3%",
   "Gap to VOO": "\u221240.1 pts"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+9.7%",
   "Benchmark (VOO)": "\u2013",
   "Gap to VOO": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "How has FMCX performed?",
   "a": "Over the year to Oct 14, 2026, FMCX returned +4.0% with distributions reinvested, against +17.5% for the S&P 500. Over three years the figure is +56.8%."
  },
  {
   "q": "What does FMCX cost?",
   "a": "The prospectus expense ratio is 0.72% a year."
  },
  {
   "q": "What does FMCX hold?",
   "a": "31 positions as filed for May 31, 2026, with the top ten at 47.1% of the fund. 77% of its weight is in stocks the S&P 500 also holds."
  },
  {
   "q": "How far is FMCX below its high?",
   "a": "3.9% below its high of Aug 13, 2026, measured on the reinvested series to Oct 14, 2026."
  }
 ],
 "flows": {
  "as_of": "2026-05-31",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/fmcx.json",
  "windows": [],
  "latest_month": {
   "month": "2026-05",
   "net_flow_usd": -62856,
   "net_flow": "\u2212$63k",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-15",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, FMCX, stock fund, data as of Oct 14, 2026. https://etfiq.com/funds/fmcx"
}