FMCX ETF — FMC Excelsior Focus Equity ETF

FMC Excelsior Focus Equity ETF (FMCX)

Updated October 16, 2026.

FMCX is an ETF. its distribution rate is 0.16%, its trailing-12-month yield is 0.29%, its expense ratio is 0.72%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Total return is 52.2% over the past 4.5 years, 37.0 points behind SPY at 89.2%.

FMC Excelsior Focus Equity ETF is an actively managed equity ETF that invests in a concentrated portfolio of approximately 25-35 U.S. exchange-traded common stocks, with a non-diversified structure that may occasionally hold more stocks. The fund has a modest current distribution rate and makes distributions on a semi-annual basis, with an expense ratio of 0.72%. This ETF may appeal to investors seeking active management and concentrated exposure to U.S. equities, though the non-diversified approach carries greater single-stock risk than broadly diversified equity funds.

FMCX performance versus SPY

Price and return data through 2026-10-16.

Total return is 52.2% over the past 4.5 years, 37.0 points behind SPY at 89.2%. Over the past year its total return — price change plus distributions reinvested — is 5.0%. Its deepest 1-year drawdown was 12.6%.

FMCX key facts

Distribution Safety Score™

62 · Generally safe

Safety-Adjusted Yield

0.10%

Issuer

Northern Trust

Asset type

ETF

Asset class

Equity

Inception date

04/22/2022

Expense ratio

0.72%

Distribution rate

0.16%

Distribution frequency

Semi-Annual

Trailing yield

0.29%

Last close

$36.46 (as of 2026-10-16)

AUM

$116,637,388

Average volume

153.0

Dividend

$0.029

Ex-dividend date

06/24/2026

Payment date

06/29/2026

Beta

1.04

How Dividend Vision calculates yield and returns

Distribution rate (0.16%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.29%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Northern Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FMCX risks and drawbacks

FMCX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.6%.

Who may consider FMCX — and who may not

It is a weaker fit for investors who need monthly cash flow (FMCX pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FMCX

• All tickers starting with F

Frequently asked questions

More securities from Northern Trust.