FMCE Overview

Ultimus Fund Solutions Expands Partnership: Ultimus Fund Solutions has expanded its relationship with First Manhattan, now providing support for both private fund structures and exchange-traded funds (ETFs), including the FM Focus Equity ETF and FM Compounders Equity ETF, following the transition of nearly $635 million in net assets from a previous service provider.

Enhanced Fund Administration Services: The partnership highlights Ultimus's capability to offer comprehensive fund administration services, including sophisticated accounting and reporting, which enables First Manhattan to streamline operations and focus on delivering strong financial returns to clients.

Launch of FM Compounders Equity ETF: First Manhattan has introduced the FM Compounders Equity ETF (FMCE), an actively managed fund that targets 25 to 35 U.S. equities known for generating reliable free cash flow, utilizing a rigorous fundamental research approach.

Investment Philosophy and Goals: The ETF aims to provide investors with opportunities in resilient companies while maintaining competitive fees and tax efficiency, building on First Manhattan's long-standing commitment to wealth compounding and personalized client service.