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First Trust Alt Abs Ret Strat ETF FAAR

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FAAR

Will FAAR outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAAR’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAAR management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FAAR’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit First Trust Alt Abs Ret Strat ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAAR

More FAAR Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 52.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First Eagle Alternative Capital BDC Inc

23.02 28.4 Mil
Financial Services

United States Treasury Notes 0.375%

18.36 22.7 Mil
Government

United States Treasury Notes 0.25%

9.99 12.3 Mil
Government

United States Treasury Notes 0.375%

9.65 11.9 Mil
Cash and Equivalents

United States Treasury Notes 1%

9.57 11.8 Mil
Government

United States Treasury Notes 0.5%

9.43 11.6 Mil
Government

United States Treasury Notes 0.25%

9.32 11.5 Mil
Government

Morgan Stanley Instl Lqudty Trs Instl

4.57 5.6 Mil
Cash and Equivalents

Dreyfus Govt Cm Inst 289

4.57 5.6 Mil
Cash and Equivalents

United States Treasury Notes 0.75%

1.52 1.9 Mil
Government