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 Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 09/22/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAAR -0.52% 2.76% 3.49% 1.68% -1.56% -- --
FAAR (NAV) -0.82% 1.35% 2.53% 0.75% -1.41% -- --
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%
$46.44M
$327.23K
0.99%

FAAR Portfolio Data

Long/Short Commodities
1.03%
09/24/20
2

FAAR Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FAAR Portfolio Management

0.95%
--
--
--

FAAR Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FAAR Fund Structure

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

FAAR Factset Analytics Block Liquidity

As of 09/23/20
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

12,129
$327.23K
7,357
$198.44K
0.99%
$0.27
0.06%
8.60% / -2.36%
None
100.00%
50,000
0.15
0.03%
--
0
$26.52
N/A

FAAR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

FAAR Top 5 Holdings Long

78.36%
21.64%

FAAR Top 5 Holdings Short

--

FAAR Performance Statistics

0.75%
2.60%
-2.09%
0.01
0.01
-0.90
2.84

FAAR Correlations (Daily Returns 12 Mo)

0.09
0.19
0.09