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Investment Objective/Strategy - 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.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FAAR |
Fund Type | Alternative Investments |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33740Y101 |
ISIN | US33740Y1010 |
Intraday NAV | FAARIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 5/18/2016 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Expense Ratio | 0.95% |
Closing NAV1 | $34.12 |
Closing Market Price2 | $34.19 |
Bid/Ask Midpoint | $34.19 |
Bid/Ask Premium | 0.19% |
30-Day Median Bid/Ask Spread3 | 0.32% |
Total Net Assets | $182,557,522 |
Outstanding Shares | 5,350,002 |
Daily Volume | 77,054 |
Average 30-Day Daily Volume | 40,554 |
Closing Market Price 52-Week High/Low | $35.38 / $28.73 |
Closing NAV 52-Week High/Low | $35.41 / $28.62 |
Holding |
Percent |
U.S. Treasury Bill, 0%, due 06/02/2022 |
5.47% |
U.S. Treasury Bill, 0%, due 06/09/2022 |
5.47% |
U.S. Treasury Bill, 0%, due 06/14/2022 |
5.47% |
U.S. Treasury Bill, 0%, due 06/21/2022 |
5.47% |
U.S. Treasury Bill, 0%, due 06/23/2022 |
5.47% |
U.S. Treasury Bill, 0%, due 05/26/2022 |
2.74% |
U.S. Treasury Bill, 0%, due 06/07/2022 |
2.74% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Long Exposure | 71.23% |
Short Exposure | -11.87% |
Net Exposure | 59.36% |
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Days Traded at Premium |
230 |
49 |
31 |
--- |
Days Traded at Discount |
22 |
13 |
4 |
--- |
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FAAR |
9.09% |
210.45 |
-66.21 |
1.25 |
-0.42 |
Bloomberg Commodity Index |
16.78% |
254.38 |
-78.92 |
1.01 |
-0.55 |
3 Month U.S. Treasury Bills + 3% |
0.31% |
--- |
1.00 |
65.26 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
Bloomberg Commodity Index - The Index is made up of exchange-traded futures on physical commodities and represents 20 commodities, which are weighted to account for economic significance and market liquidity. 3 Month U.S. Treasury Bills + 3% - The Index is made up of 3 Month U.S. Treasury Bills and a spread of 3 percent accrued daily because the Treasury bill rate can fluctuate over time. S&P 500 Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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