FTGC
First Trust Global Tactical Commodity Strategy FundFTGC Fund Description
FTGC is an actively managed fund that, through a subsidiary, provides broad exposure to commodities through futures contracts. The fund is structured as a 1940 Act open-ended fund.
FTGC Factset Analytics Insight
FTGC brought active management to the commodities space. The fund doesn't directly own futures contracts, but gains exposure to commodities through its holdings in a Cayman Islands-based subsidiary, which holds futures contracts and is also eligible to hold commodity ETFs and structured products tied to commodities. Since the fund limits its holding in the subsidiary to 25%, it aims to qualify as a regulated investment company and is structured as a 1940 Act open-ended fund, as opposed to a commodities pool. It can short futures, as well as hold commodity ETFs and other structured vehicles tied to commodities, and overall it doesn't look much like our front-month GSCI benchmark. Its sector biases can swing far from neutral exposure. The fund trades well, across manageable spreads, and its cash-only creation structure makes things simple for larger investors. FTGC charges a high but typical fee for actively managed funds, but it's worth noting that its structure means that FTGC intends to be taxed like other equity funds, and does not distribute K-1 forms to its investors.
FTGC MSCI ESG Analytics Insight
First Trust Global Tactical Commodity Strategy Fund has an MSCI ESG Fund Rating of undefined based on a score of 6.89 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 Global Tactical Commodity Strategy Fund ranks in the 91st percentile within its peer group and in the 100th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FTGC CHARTS AND PERFORMANCE
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FTGC Top 10 Holdings
FTGC Portfolio Data
FTGC Portfolio Management
FTGC Tax Exposures
FTGC Fund Structure
FTGC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FTGC. FTGC is rated a 5 out of 5.
FTGC Tradability
FTGC TOP 10 TARGETED COMMODITY WEIGHTS
FTGC Tenor Strategy
FTGC is actively managed. Contract selection is at the discretion of the portfolio manager.
FTGC Rolling Strategy
FTGC is actively managed. Contract selection is at the discretion of the portfolio manager.
FTGC Performance Statistics
FTGC MSCI ESG Ratings
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