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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Alternative Absolute Return Strategy ETF

FAAR | Active ETF

$28.99

$142 M

3.54%

$1.03

0.95%

Vitals

YTD Return

6.8%

1 yr return

2.4%

3 Yr Avg Return

5.3%

5 Yr Avg Return

5.5%

Net Assets

$142 M

Holdings in Top 10

93.7%

52 WEEK LOW AND HIGH

$29.2
$27.22
$29.98

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Alternative Absolute Return Strategy ETF

FAAR | Active ETF

$28.99

$142 M

3.54%

$1.03

0.95%

FAAR - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.95%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    First Trust Alternative Absolute Return Strategy ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    May 18, 2016
  • Shares Outstanding
    5450002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rob Guttschow

Fund Description

The Fund is an actively managed exchange-traded fund that seeks to achieve long-term total return through long and short investments 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 does not invest directly in Commodity Futures. The Fund gains 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, references 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.The Subsidiary’s holdings will primarily consist of Commodity Futures, which are contractual agreements to buy or sell a particular commodity or financial instrument at a pre-determined price at a settlement date in the future. As the settlement date for a futures contract approaches, the Fund, through the Subsidiary, intends to sell the expiring contract and replace it with a similar contract with a more distant settlement date. This process is known as “rolling” and may be done frequently by the Fund throughout the year so as to maintain a fully invested position. This frequent buying and selling of Commodity Futures, in addition to attempts by the Fund to rebalance its exposure to various market sectors, may cause the Fund to experience higher levels of portfolio turnover. Under certain market conditions, the Fund may reduce the notional exposure to commodities it derives from its derivatives positions to mitigate against risk.The Fund, through the Subsidiary, engages in trading on commodity markets both inside and outside of the United States on behalf of the Fund. The Fund, through the Subsidiary, may invest in a range of Commodity Futures and markets as determined by the Fund’s investment advisor from time to time. The fund may also have exposure to investments denominated in non-U.S. currencies.The remainder of the Fund’s assets will primarily be invested in: (1) U.S. government and agency securities with maturities of two years or less; (2) short-term repurchase agreements; (3) money market instruments; and (4) cash.
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FAAR - Performance

Return Ranking - Trailing

Period FAAR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -28.6% 22.0% 56.39%
1 Yr 2.4% -49.2% 23.7% 46.62%
3 Yr 5.3%* -28.9% 300.2% 87.79%
5 Yr 5.5%* -30.4% 133.3% 83.46%
10 Yr N/A* -28.6% 45.2% 40.34%

* Annualized

Return Ranking - Calendar

Period FAAR Return Category Return Low Category Return High Rank in Category (%)
2023 -8.5% -64.0% 30.1% 55.64%
2022 3.9% -42.3% 2475.6% 31.82%
2021 5.5% -23.3% 106.7% 54.20%
2020 5.3% -71.9% 295.5% 33.59%
2019 -2.3% -31.8% 53.9% 95.28%

Total Return Ranking - Trailing

Period FAAR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -28.6% 22.0% 56.39%
1 Yr 2.4% -49.2% 23.7% 46.62%
3 Yr 5.3%* -28.9% 300.2% 87.79%
5 Yr 5.5%* -30.4% 133.3% 83.46%
10 Yr N/A* -28.6% 45.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FAAR Return Category Return Low Category Return High Rank in Category (%)
2023 -5.6% -64.0% 41.1% 47.37%
2022 10.1% -15.1% 5648.8% 68.18%
2021 12.3% -23.3% 188.1% 83.21%
2020 8.6% -67.8% 296.1% 21.09%
2019 -1.3% -31.8% 53.9% 93.70%

FAAR - Holdings

Concentration Analysis

FAAR Category Low Category High FAAR % Rank
Net Assets 142 M 2.34 M 54.2 B 61.21%
Number of Holdings 36 1 926 65.44%
Net Assets in Top 10 147 M 2.66 M 63.2 B 70.59%
Weighting of Top 10 93.67% 23.0% 143.4% 38.17%

Top 10 Holdings

  1. Dreyfus Government Cash Management 17.27%
  2. MSILF Treasury Portfolio 17.27%
  3. United States Treasury Note/Bond 7.72%
  4. United States Treasury Bill 7.57%
  5. United States Treasury Note/Bond 7.48%
  6. United States Treasury Note/Bond 7.41%
  7. United States Treasury Note/Bond 7.38%
  8. United States Treasury Note/Bond 7.27%
  9. United States Treasury Note/Bond 7.19%
  10. United States Treasury Note/Bond 7.10%

Asset Allocation

Weighting Return Low Return High FAAR % Rank
Bonds 		59.12% 0.00% 120.99% 33.09%
Cash 		41.85% 0.00% 100.26% 33.58%
Stocks 		0.00% 0.00% 62.82% 98.53%
Preferred Stocks 		0.00% 0.00% 0.07% 97.01%
Convertible Bonds 		0.00% 0.00% 3.89% 96.99%
Other 		-0.97% -47.59% 100.00% 78.36%

Bond Sector Breakdown

Weighting Return Low Return High FAAR % Rank
Cash & Equivalents 		34.54% 0.00% 100.26% 50.41%
Securitized 		0.00% 0.00% 36.61% 96.67%
Corporate 		0.00% 0.00% 42.72% 96.67%
Municipal 		0.00% 0.00% 1.45% 96.67%
Government 		0.00% 0.00% 100.00% 99.17%
Derivative 		-0.97% -3.42% 99.82% 80.99%

Bond Geographic Breakdown

Weighting Return Low Return High FAAR % Rank
US 		59.12% 0.00% 106.15% 33.58%
Non US 		0.00% 0.00% 21.42% 97.01%

FAAR - Expenses

Operational Fees

FAAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.21% 4.07% 60.75%
Management Fee 0.95% 0.00% 1.75% 90.30%
12b-1 Fee 0.00% 0.00% 1.00% 29.03%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

FAAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FAAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 162.00% 30.88%

FAAR - Distributions

Dividend Yield Analysis

FAAR Category Low Category High FAAR % Rank
Dividend Yield 3.54% 0.00% 19.56% 32.73%

Dividend Distribution Analysis

FAAR Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

FAAR Category Low Category High FAAR % Rank
Net Income Ratio -0.95% -55.71% 52.26% 76.69%

Capital Gain Distribution Analysis

FAAR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Distributions History

View More +

FAAR - Fund Manager Analysis

Managers

Rob Guttschow

Start Date

Tenure

Tenure Rank

May 18, 2016

6.04

6.0%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

John Gambla

Start Date

Tenure

Tenure Rank

May 18, 2016

6.04

6.0%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 5.84 11.51

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