FAAR

Fund Description
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. The Fund is an actively managed exchange-traded fund that seeks to achieve long-term total return through long and short invest-ments 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 will not invest directly in Commodity Futures. The Fund expects to gain 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, refer-ences 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.
Fund Profile
Fund Name First Trust Alternative Absolute Return Strategy ETF
Fund Exchange Ticker FAAR
Fund Sponsor First Trust
Fund ISIN US33740Y1010
Net Expense Ratio 0.95 %
Fund Inception Date 18 May 2016
Fund Legal Structure Grantor Trust
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Diversified Commodities
Asset Class Commodities & Metals
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Diversified Commodities
Key Statistics
Return As of Date 11 August 2022
Asset Under Management 188.50 Million (USD)
1 Month Total Return 0.15 %
Year To Date Return 12.95 %
1 Year Total Return 16.63 %
3 Year Annualized Total Return 10.89 %
NAV 32.5
Share Outstanding 5,800,000
Top 10 Holdings (11 August 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.4066978515
U.S. Treasury Bill 0% due 08/25/2022 BILL 0.1060128312
SOYBEAN MEAL FUTR Dec22 SMZ2 FUTR 0.0953797939
SOYBEAN FUTURE Nov22 S FUTR 0.0902833363
U.S. Treasury Bill 0% due 08/30/2022 BILL 0.0794863225
U.S. Treasury Bill 0% due 09/13/2022 BILL 0.0794189405
U.S. Treasury Bill 0% due 09/15/2022 BILL 0.0794132227
U.S. Treasury Bill 0% due 08/23/2022 BILL 0.0530122565
U.S. Treasury Bill 0% due 09/20/2022 BILL 0.0529281656
U.S. Treasury Bill 0% due 09/22/2022 BILL 0.0529226605