FMF vs KMLM
First Trust Managed Futures Strategy Fund compared with KraneShares Mount Lucas Managed Futures Index Strategy ETF on yield, payout growth, payment schedule, cost and risk.
FMF
First Trust Managed Futures Strategy Fund
TTM yield · Quarterly
KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
TTM yield · Annual
Quick take
- KMLM yields more today: 4.35% vs 1.80% (forward).
- FMF has grown its payout faster: -5.9%/yr vs -19.3%/yr over the last 3 years.
- FMF pays every quarter; KMLM pays once a year.
- Over the last year KMLM delivered the higher total return: +17.0% vs +8.9% (price change plus payouts).
- KMLM is cheaper to own: 0.90% vs 0.98% expense ratio.
- FMF has the steadier distribution: consistency 76/100 vs 44/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FMF | KMLM |
|---|---|---|
| Share price | $51.14 | $29.97 |
| TTM yield | 1.34% | 4.35% |
| Forward yield | 1.80% | 4.35% |
| Annual payout per share | $0.92 | $1.303 |
| Payment frequency | Quarterly | Annual |
| Next ex-date | Sep 27, 2026 (est.) | Dec 27, 2026 (est.) |
| Expense ratio | 0.98% | 0.90% |
| 1-year payout growth | -8.9% | +466.5% |
| 5-year payout CAGR | +150.2% | — |
| Consecutive years of increases | 1 year | 1 year |
| Payout consistency (last 12) | 76/100 | 44/100 |
| 1-year total return | +8.9% | +17.0% |
| 1-year price return | +7.4% | +12.1% |
| Size (market cap / AUM) | 272.4M | 412.6M |
| Years paying | 12.7 | 4.7 |
| Sector / category | Systematic Trend | Systematic Trend |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FMF | KMLM | |
|---|---|---|
| Shares | 195.6 | 333.7 |
| Income per year | $180 | $435 |
| Income per month (avg) | $15 | $36 |
At forward yields, before taxes. Model FMF · Model KMLM
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FMF Sep 27, 2026 | Oct 11, 2026 | $0.23 | Est. |
| FMF Dec 30, 2026 | Jan 13, 2027 | $0.23 | Est. |
| FMF Apr 3, 2027 | Apr 17, 2027 | $0.23 | Est. |
| KMLM Dec 27, 2026 | Jan 10, 2027 | $1.303 | Est. |
Annual payouts per share
FMFKMLM
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FMF or KMLM?
KMLM currently has the higher trailing yield: FMF yields 1.34% and KMLM yields 4.35%. Yield changes daily with price, so check the live figures above.
How often do FMF and KMLM pay?
FMF pays every quarter and KMLM pays once a year. FMF's next ex-date is Sep 27, 2026 and KMLM's is Dec 27, 2026.
Which has grown its dividend faster, FMF or KMLM?
FMF has grown its payout faster: -5.9%/yr vs -19.3%/yr over the last 3 years.
Is FMF or KMLM better for income?
It depends on what you are optimising for. FMF and KMLM differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.