ETF PROAI
FAARFIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF

FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF

$32.30+0.30% vs prior close
273452-WK

Price through Sep 22 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Sep 27. Holdings snapshot retrieved Sep 27.

Price & daily flows
32.730.628.432.30DAILY NET FLOWSep 22Jan 21May 20Sep 22

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned +19.2% so far this year.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$137Massets under management
—expense ratio
—net flow, trailing month
40Kavg daily volume, 30 days
30holdings · US-domiciled
2024listed August 3, 2024 · beta -0.10
Sector weights
Financial Services100%
Other100%
Government60.25%
Corporate22.25%
Agency8.75%
Mutual fund8.75%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week0.0%
1 month+3.3%
3 months+2.8%
6 months-4.3%
YTD+19.2%
1 year+8.2%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
12%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-13.3%deepest fall from a peak, 1 year
-5.9%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against FAAR

Due diligence cuts both ways. These funds sit on the same shelf and beat FAAR on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IBRN iShares Neuroscience and Healthcare ETF0.47%$7133.04T+$136K52042791× the assets · +$136K in over the monthHead-to-head
EFRA iShares Environmental Infrastructure and Industrials ETF0.47%$5553.16T+$2K40515980× the assets · +$2K in over the monthHead-to-head
ETEC iShares Trust - iShares Breakthrough Environmental Solutions ETF0.47%$3999.92T+$2K29183490× the assets · +$2K in over the monthHead-to-head
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund0.45%$9897.51T—72212416× the assetsHead-to-head
EFAS Global X MSCI SuperDividend EAFE ETF0.56%$9572.80T—69843325× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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