FTMAX

Active

First Trust Multi-Strategy Fund

Category: Other (5,046 funds)

Expense Ratio
1.95%
Annual Cost per $10K
$195.00
30-Year Fee Drag per $10K
$32,281
at 7% annual return
Fund Type
Mutual Fund
Active
Trailing 12-Month
+6.10%

Asset Allocation

US Equity
15%
Intl Equity
4%
US Bond
24%
Intl Bond
40%
Cash
16%
Other
2%

Fee Comparison

FTMAX
1.95%
Other average
0.99%
Other cheapest
0.00%
Index benchmark
0.03%

97% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of December 2025 · Updated quarterly

+24.15%3Y
Compare to

Fee Impact Calculator

$
%
FTMAX at 1.95%$219,206
At index rates (0.03%)$377,424
Zero fees (theoretical)$380,613
Total fee drag$161,407
Cost vs index fund−$158,219

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of December 2025

TickerNameER
FTMAXFirst Trust Multi-Strategy Fund1.95%
FPEFirst Trust Preferred Securities and Income ETF0.85%
FMFIXFree Market Fixed Income Fund$1M min0.64%
ABWAXAB All Market Total Return Portfolio1.14%
GAOZXJPMorgan Global Allocation Fund0.65%
DGTSXGLOBAL ALLOCATION 25/75 PORTFOLIO$1M min0.24%
WFBFXCapital World Bond Fund0.48%
HWDFXThe Hartford World Bond Fund0.63%
CPXFXCohen & Steers Preferred Securities & Income Fund, Inc.0.79%
PNARXSpectrum Preferred and Capital Securities Income Fund1.05%
JPSTJPMorgan Ultra-Short Income ETF0.18%
CBFAXAmerican Funds Global Balanced Fund0.80%
PFOAXPIMCO International Bond Fund (U.S. Dollar-Hedged)0.57%
JPDAXJPMorgan Preferred and Income Securities Fund0.87%
FPEFXFirst Trust Preferred Securities and Income Fund1.31%
JAEKXOpportunistic Fixed Income Trust0.89%
PFANXPIMCO Preferred and Capital Securities Fund1.48%
ANAYXAB GLOBAL BOND FUND, INC.0.55%
PGLSXGlobal Multi-Strategy Fund1.78%
GBOAXJPMorgan Global Bond Opportunities Fund1.31%
DFGFXDFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO$1M min0.16%
VTTVXVANGUARD TARGET RETIREMENT 2025 FUND0.08%
TRDZXT. Rowe Price Dynamic Global Bond Fund0.50%
FLRNSPDR Bloomberg Investment Grade Floating Rate ETF0.15%
DPIAXDestra Flaherty & Crumrine Preferred and Income Fund1.50%
VSCGXVANGUARD LIFESTRATEGY CONSERVATIVE GROWTH FUND0.12%
VTWNXVANGUARD TARGET RETIREMENT 2020 FUND0.08%
GMBPXGoldman Sachs Short-Term Conservative Income Fund0.23%
ETSIXEaton Vance Strategic Income Fund1.46%
FADMXFidelity Advisor Strategic Income Fund0.65%
LCATXLeader Capital High Quality Income Fund1.18%
FLOTiShares Floating Rate Bond ETF0.15%
GTRAXPGIM Global Total Return Fund0.88%
FMVFXMatson Money Fixed Income VI Fund$1M min0.86%
VTINXVANGUARD TARGET RETIREMENT INCOME FUND0.08%
SRDBXStone Ridge Diversified Alternatives Fund2.43%
VTHRXVANGUARD TARGET RETIREMENT 2030 FUND0.08%
PMACXVictory Pioneer Multi-Asset Income Fund0.84%
CRAAXColumbia Adaptive Risk Allocation Fund0.82%
PFRCXPIMCO International Bond Fund (Unhedged)0.71%
GBIRXGoldman Sachs Global Core Fixed Income Fund0.52%
VASIXVANGUARD LIFESTRATEGY INCOME FUND0.11%
JNBZXJPMorgan Income Builder Fund0.52%
GPINXGuidePath Income Fund0.91%
DGFZXDestinations Global Fixed Income Opportunities Fund0.88%
LFLAXBrandywineGLOBAL - Flexible Bond Fund1.35%
FNCFXFranklin Income Fund0.41%
FFAQXFranklin Global Allocation Fund0.67%
HFAAXJanus Henderson Developed World Bond Fund0.82%
RGCRXOpportunistic Credit Fund0.69%
PGMSXT. Rowe Price Global Multi-Sector Bond Fund, Inc.0.51%
FPEIFirst Trust Institutional Preferred Securities and Income ETF0.85%
PRFDPIMCO Preferred and Capital Securities Active Exchange-Traded Fund0.73%
VGWIXVANGUARD GLOBAL WELLESLEY INCOME FUND0.43%
MGPOXGlobal Strategist Portfolio0.68%
BXIAXMassMutual Global Credit Income Opportunities Fund0.85%
ABALXAmerican Balanced Fund0.58%
CAGCXCalamos Global Convertible Fund1.35%
LPXAXCohen & Steers Low Duration Preferred and Income Fund, Inc.0.60%
FAGIXFidelity Capital and Income Fund0.90%
IGRCXLord Abbett Investment Grade Floating Rate Fund0.95%
HBLFXTHE HARTFORD BALANCED INCOME FUND0.56%
MGBOXMFS Global Opportunistic Bond Fund0.61%
BGRNiShares USD Green Bond ETF0.20%
DHGAXBNY Mellon Global Fixed Income Fund0.84%
DGSIXGLOBAL ALLOCATION 60/40 PORTFOLIO$1M min0.25%
VTTHXVANGUARD TARGET RETIREMENT 2035 FUND0.08%
PRPDXPermanent Portfolio1.06%
DRRAXBNY Mellon Global Real Return Fund1.18%
PQDIPrincipal Spectrum Tax-Advantaged Dividend Active ETF0.60%
DOXLXDodge & Cox Global Bond Fund0.37%
VSMGXVANGUARD LIFESTRATEGY MODERATE GROWTH FUND0.13%
PAIIXPIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)0.61%
IVBDXMacquarie Global Bond Fund0.56%
PHEAXPGIM Global Total Return (USD Hedged) Fund0.88%
FLTRVanEck IG Floating Rate ETF0.14%
ITTFXHartford Multi-Asset Income Fund0.66%
FSNDXFidelity SAI International Credit Fund0.41%
MZCRXMuzinich Dynamic Income Fund
GIOSXGuggenheim Macro Opportunities Fund0.93%
MZLIXMuzinich Low Duration Fund0.61%
DFELXENHANCED U.S. LARGE COMPANY PORTFOLIO0.15%
PADAXPGIM Absolute Return Bond Fund0.95%
FDTKXFidelity Freedom 2025 Fund0.59%
DIFAXMFS Diversified Income Fund0.55%
MXGBXEmpower Global Bond Fund1.00%
FFFEXFidelity Freedom 2030 Fund0.61%
IPNFXInvesco Multi-Asset Income Fund1.72%
EGMSXEaton Vance Global Macro Absolute Return Fund1.14%
GAOPXGoldman Sachs Balanced Strategy Portfolio0.61%
PCSFXCapital Securities Fund0.04%
QCSCIXCollege Retirement Equities Fund - Social Choice Account
VYGJXVoya Global Income & Growth Fund0.85%
MOFAXMercer Opportunistic Fixed Income Fund0.82%
PGBPXPIMCO Global Advantage Strategy Bond Fund0.99%
LBNOXLORD ABBETT BOND DEBENTURE FUND INC0.62%
IMRFXColumbia Global Opportunities Fund1.21%
PDAAXPIMCO Diversified Income Fund1.04%
CVSCXCalamos Market Neutral Income Fund1.97%
AGBGXGlobal Bond Fund0.02%
USIAXUBS Ultra Short Income Fund0.35%

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