Fund Description
The First Trust Alternative Absolute Return Strategy ETF is an actively managed exchange-traded fund that seeks to provide investors with long-term total return. The Fund is an actively managed exchange-traded fund that seeks to achieve long-term total return through long and short invest-ments in exchange-traded commodity futures contracts ( Commodity Futures ) through a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary ). The Fund will not invest directly in Commodity Futures. The Fund expects to gain exposure to these investments exclusively by investing in the Subsidiary. The Subsidiary is advised by First Trust Advisors L.P., the Fund s investment advisor. The Fund s investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets within the limits of current federal income tax laws applicable to investment companies such as the Fund, which limit the ability of investment companies to invest directly in Commodity Futures. The Subsidiary has the same investment objective as the Fund, but unlike the Fund, it may invest without limitation in Commodity Futures. Except as otherwise noted, for purposes of this prospectus, refer-ences to the Fund s investments include the Fund s indirect investments through the Subsidiary. The Fund will invest up to 25% of its total assets in the Subsidiary.
Fund Profile
Fund Name First Trust Alternative Absolute Return Strategy ETF
Fund Exchange Ticker FAAR
Fund Sponsor First Trust
Fund ISIN US33740Y1010
Net Expense Ratio 0.95 %
Fund Inception Date 18 May 2016
Fund Legal Structure Grantor Trust
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Diversified Commodities
Asset Class Commodities & Metals
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Diversified Commodities
Key Statistics
Return As of Date 23 October 2020
Asset Under Management 50.62 Million (USD)
1 Month Total Return 1.19 %
Year To Date Return 3.30 %
1 Year Total Return 1.98 %
3 Year Annualized Total Return -1.87 %
NAV 26.64
Share Outstanding 1,900,000
Top 10 Holdings (22 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.7263166398
GOLD 100 OZ FUTR Dec20 GCZ0 FUTR 0.0355151035
COCOA FUTURE Dec20 CCZ0 FUTR 0.0312282983
SUGAR #11 (WORLD) Mar21 SBH1 FUTR 0.0299177517
SOYBEAN OIL FUTR Dec20 BOZ0 FUTR 0.0292846196
SOYBEAN FUTURE Jan21 S FUTR 0.0292223816
COPPER FUTURE Dec20 HGZ0 FUTR 0.0282708460
LEAN HOGS FUTURE Dec20 LHZ0 FUTR 0.0224096949
COTTON NO.2 FUTR Dec20 CTZ0 FUTR 0.0201219932
SOYBEAN MEAL FUTR Dec20 SMZ0 FUTR 0.0153582547