FAAR

First Trust Alternative Absolute Return Strategy ETF
*Unless otherwise stated, data provided by FactSet.

FAAR Fund Description

FAAR is an actively-managed fund that, through a subsidiary, provides broad long/short exposure to commodity futures contracts.

FAAR Factset Analytics Insight

FAAR's active manager (First Trust Advisors) has broad leeway to execute the fund's long/short commodities strategy: the fund may go long or short any exchange-traded commodity futures contract, and take a net-long, net-short, or neutral stance. The fund may also hold cash and equivalents (including US Treasurys with up to five years to maturity), both as collateral for its futures investments and as a safe haven. FAAR doesn't own futures directly, but rather through its holdings in a Cayman Islands subsidiary—an arrangement that allows it to be structured as an open-ended fund under the 1940 Act, and avoid a K-1 at tax time. FAAR charges a fair fee in context.

FAAR MSCI ESG Analytics Insight

First Trust Alternative Absolute Return Strategy ETF has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Alternative Absolute Return Strategy ETF ranks in the 81st percentile within its peer group and in the 89th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FAAR Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 02/13/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAAR -1.84% -2.09% -2.05% -3.98% -2.78% -- --
FAAR (NAV) -1.59% -2.09% -1.89% -3.31% -2.43% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAAR Summary Data

First Trust
05/18/16
Open-Ended Fund
0.95%
$26.69M
$171.28K
0.32%

FAAR Portfolio Data

Long/Short Commodities
1.04%
03/26/20
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FAAR Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FAAR Portfolio Management

0.95%
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FAAR Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FAAR Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FAAR Factset Analytics Block Liquidity

As of 02/14/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FAAR. FAAR is rated a N/A out of 5.

FAAR Tradability

6,650
$171.28K
5,269
$135.03K
0.32%
$0.08
0.05%
1.06% / -2.36%
None
100.00%
50,000
0.11
0.04%
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0
$25.39
N/A

FAAR Asset Allocation

Short
Long
Net
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0.00%

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0.00%

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0.00%

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0.00%

FAAR Top 5 Holdings Long

22.50%
18.71%
17.03%
14.97%
9.36%

FAAR Top 5 Holdings Short

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FAAR Performance Statistics

-3.31%
1.39%
-2.09%
-0.04
-0.07
0.20
1.59

FAAR Correlations (Daily Returns 12 Mo)

0.25
0.03
0.68

FAAR MSCI ESG Ratings

6.70 / 10
88.89
81.14
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