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About First Trust Alternative Absolute Return Strategy ETF
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Inception date
May 18, 2016
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Portfolios LP
Distributor
First Trust Portfolios LP
ISIN
US33740Y1010
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 subsidiaryan arrangement that allows it to be structured as an open-ended fund under the 1940 Act, and avoid a K-1 at tax time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government61.89%
Corporate23.62%
Agency7.22%
Mutual fund7.22%
Cash0.05%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FAAR last dividends amounted to 0.18 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 12.55% increase.
FAAR assets under management is 107.34 M USD. It's risen 2.57% over the last month.
FAAR fund flows account for −35.00 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FAAR pays dividends to its holders with the dividend yield of 2.88%. The last dividend (Jun 30, 2025) amounted to 0.18 USD. The dividends are paid quarterly.
FAAR shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on May 18, 2016, and its management style is Active.
FAAR expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
FAAR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FAAR invests in bonds.
FAAR price has risen by 4.28% over the last month, and its yearly performance shows a 5.09% increase. See more dynamics on FAAR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.25% over the last month, showed a 11.93% increase in three-month performance and has increased by 5.11% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.25% over the last month, showed a 11.93% increase in three-month performance and has increased by 5.11% in a year.
FAAR trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.