First TrustOther AlternativesFAAR · Nasdaq

First Trust Alternative Absolute Return Strategy ETF (FAAR)

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Price: $31.99; —11 Sept 2026
Assets: $210M; Total net assets
Expense ratio: 0.98%; Category 0.99%
Yield: 8.57%; Trailing distributions

1Y return: 18.3%+10.1%; Category 8.1%
3Y CAGR: 8.5%-2.8%; Category 11.4%
5Y CAGR: 8.0%-1.9%; Category 9.9%

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First Trust Alternative Absolute Return Strategy ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+2.6%	-3.0%	-3.8%	+19.0%	+18.3%	+8.5%	+8.0%	+4.9%	+4.5%
Other Alternatives average	1.1%	3.3%	6.2%	8.8%	8.1%	11.4%	9.9%	6.0%	5.7%
Difference	+1.5%	-6.3%	-10.0%	+10.2%	+10.1%	-2.8%	-1.9%	-1.2%	-1.3%

Holdings

The 2 largest positions make up 37.5% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
MISXX	Morgan Stanley Instl Lqudty Trs Instl	19.74%
FCRD	First Eagle Alternative Capital BDC Inc	17.76%

Sector allocation

Share of the equity the fund holds.

Financial services100.0%

Asset mix

Cash82.2%
Stocks17.8%

Credit quality

Share of the bonds by rating.

US government42.8%

ETF details

Issuer: First Trust
Category: Alternatives · Other Alternatives
Ticker: FAAR
Exchange: Nasdaq
Inception: 18 May 2016 (10.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.98% (category 0.99%)
Holdings turnover: 0% (category 49%)
Distribution yield: 8.57%
Beta, 3 years: 0.55
Total net assets: $210M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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