FFUT: FIDELITY MANAGED FUTURES ETF
What this ETF is trying to do
The Fidelity Managed Futures ETF (ticker: FFUT) is an exchange-traded fund designed with a managed futures strategy. It holds a variety of assets, including cash funds and forward contracts, to carry out its investment strategy.
What the numbers show
As of October 9, 2026, the current price of FFUT is $64.93. An estimated price from roughly one year ago was about $52.92.
The fund has shown growth in its share price over the last year. The one-year price return, which only measures the change in the share price, was approximately 22.71%. When you include distributions, the one-year total return was approximately 25.29%. For the year-to-date period, both the price return and the total return were approximately 21.52%.
Top Holdings
The following is a partial list of the fund's largest holdings (as of October 12, 2026):
• Fidelity Cash Central Fund: 45.53%
• CAD 6/17/2026 Forward CC: 19.77%
• INR 6/17/2026 Forward CC: 7.48%
• COP 6/17/2026 Forward CC: 6.41%
• GBP 6/17/2026 Forward CC: 5.62%
• NZD 6/17/2026 Forward CC: 5.31%
• PEN 6/17/2026 Forward CC: 4.48%
• BRL 7/2/2026 Forward CC: 4.25%
• MXN 6/17/2026 Forward CC: 3.79%
• TWD 6/17/2026 Forward CC: 3.47%
Income and distribution explanation
FFUT has a distribution yield of approximately 1.72%. This means the cash distributions are about 1.72% of the ETF's price. The trailing distributions over the last year were $1.117 per share.
It is important to note that these payments are described as "irregular" or "less frequent." In the last 12 months, there were only two payouts. Investors should remember that a distribution yield is not the same as total return, and high yields do not guarantee that an investment will grow in value.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Based on the price-based evidence provided, the fund has an erosion score of 100, which is labeled as "No price erosion detected." Additionally, there is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive one-year and year-to-date returns.
• It has a high income rating grade of "A."
• No price erosion was detected based on the supplied score.
Cons
• Distributions are irregular and occur less frequently.
• The provided list of holdings is only a partial view of the full portfolio.
Beginner takeaway
FFUT is an ETF that has seen significant share-price growth over the past year. While it provides some cash distributions, they do not happen on a regular schedule. When looking at this fund, it is important to distinguish between the share price movement and the total return that includes those irregular payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FIDELITY CASH CENTRAL FUND | n/a | 45.53% |
| 2 | CAD 6/17/2026 FORWARD CC | n/a | 19.77% |
| 3 | INR 6/17/2026 FORWARD CC | n/a | 7.48% |
| 4 | COP 6/17/2026 FORWARD CC | n/a | 6.41% |
| 5 | GBP 6/17/2026 FORWARD CC | n/a | 5.62% |
| 6 | NZD 6/17/2026 FORWARD CC | n/a | 5.31% |
| 7 | PEN 6/17/2026 FORWARD CC | n/a | 4.48% |
| 8 | BRL 7/2/2026 FORWARD CC | n/a | 4.25% |
| 9 | MXN 6/17/2026 FORWARD CC | n/a | 3.79% |
| 10 | TWD 6/17/2026 FORWARD CC | n/a | 3.47% |