The fund is an actively managed exchange-traded fund that seeks to achieve long-term total return through long and short investments 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). It does not invest directly in Commodity Futures. The advisor gains 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.
Frequently asked questions
What is the First Trust Alternative Absolute Return Strategy ETF (FAAR) expense ratio?
The First Trust Alternative Absolute Return Strategy ETF funds expense ratio is 0.95%.
What is First Trust Alternative Absolute Return Strategy ETF (FAAR) current stock price?
As of the latest data, First Trust Alternative Absolute Return Strategy ETF stock price is $31.11, with a previous close of $30.93. First Trust Alternative Absolute Return Strategy ETF gained $0.18 in the last trading session, representing a 0.58% increase.
Does First Trust Alternative Absolute Return Strategy ETF (FAAR) pay dividends?
Yes. First Trust Alternative Absolute Return Strategy ETF pays quarterly dividends with an annualized yield of 9.89% and an estimated annual payout of $3.08 per share.
