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 22 January 2021
Asset Under Management 62.72 Million (USD)
1 Month Total Return 2.96 %
Year To Date Return 0.35 %
1 Year Total Return 10.30 %
3 Year Annualized Total Return -1.20 %
NAV 27.27
Share Outstanding 2,300,000
Top 10 Holdings (22 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 1.0000000000
COPPER FUTURE Mar21 HGH1 FUTR 0.0592259069
CORN FUTURE Mar21 C FUTR 0.0514427114
SOYBEAN OIL FUTR Mar21 BOH1 FUTR 0.0501147119
SOYBEAN FUTURE Mar21 S FUTR 0.0480771775
SOYBEAN MEAL FUTR Mar21 SMH1 FUTR 0.0477000688
SUGAR #11 (WORLD) Mar21 SBH1 FUTR 0.0475843658
GOLD 100 OZ FUTR Apr21 GCJ1 FUTR 0.0385294670
COTTON NO.2 FUTR Mar21 CTH1 FUTR 0.0376907925
SILVER FUTURE Mar21 SIH1 FUTR 0.0285069644