First Trust Alternative Absolute Return Strategy ETF FAAR
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.98%
- Net assets
- $178.2M
- Holdings
- 32
- 12-month distribution yield
- 9.36%
- Asset class
- Derivatives-based
First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund listed on the Nasdaq in the United States, issued by First Trust. Its category is Derivatives-based. Its last price was US$32.48 on 20 Oct 2026. Its expense ratio is 0.98% a year, from its prospectus dated 1 May 2026. It reported net assets of US$178.24 million as of 30 Jun 2026. Its latest holdings report lists 32 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$3.04 a unit, a 12-month distribution yield of 9.36%, paid quarterly.
Fees
- Total annual operating expenses (gross)
- 0.98%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.95%
- Prospectus date
- 1 May 2026
- Filed with the SEC
- 30 Apr 2026
Size and reporting
- Net assets
- $178,238,517
- Total assets
- $186,750,952
- Holdings as of
- 30 Jun 2026
- Report made public
- 21 Aug 2026 (52 days after the month end)
Top holdings
Largest 25 of 32 positions, as of 30 Jun 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS TREAS PTF INST | US61747C5821 | 28.79% | $51.3M | Short-term investment vehicles (cash funds) | United States | USD |
| 2 | DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT | US2620062081 | 28.79% | $51.3M | Short-term investment vehicles (cash funds) | United States | USD |
| 3 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 07/30/26 | US912797TQ02 | 11.19% | $19.9M | Debt | United States | USD |
| 4 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 07/14/26 | US912797UP00 | 8.40% | $15.0M | Debt | United States | USD |
| 5 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 08/18/26 | US912797UU94 | 8.37% | $14.9M | Debt | United States | USD |
| 6 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT B 0 09/03/26 | US912797RS85 | 8.36% | $14.9M | Debt | United States | USD |
| 7 | ICE FUTURES EUROPE Brent Crude Futures - North Sea, Sep26 | GB00H7Q1B955 | -1.29% | -$2.3M | Commodity derivatives | United Kingdom | USD |
| 8 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Soybean Oil Futures, Dec-2026,ETH | No identifier reported | -0.88% | -$1.6M | Commodity derivatives | United States | USD |
| 9 | THE LONDON METAL EXCHANGE Primary Aluminium future (composite) | GB00GDSVW043 | -0.71% | -$1.3M | Commodity derivatives | United Kingdom | USD |
| 10 | CME Group Inc. Gold Futures | No identifier reported | -0.69% | -$1.2M | Commodity derivatives | United States | USD |
| 11 | ICE FUTURES U.S. Cocoa Futures - NYCC, Sep26 | No identifier reported | -0.48% | -$864K | Commodity derivatives | United States | USD |
| 12 | CME Group Inc. Silver Futures | No identifier reported | -0.42% | -$751K | Commodity derivatives | United States | USD |
| 13 | ICE FUTURES U.S. Coffee C Futures - NYCC, Sep26 | No identifier reported | 0.40% | $720K | Commodity derivatives | United States | USD |
| 14 | NEW YORK MERCANTILE EXCHANGE Crude Oil Futures, Aug-2026,ETH | No identifier reported | -0.37% | -$651K | Commodity derivatives | United States | USD |
| 15 | ICE FUTURES EUROPE LS Gas Oil Futures - ULSD-ARA, Aug26 | GB00HBC8RK14 | -0.30% | -$531K | Commodity derivatives | United Kingdom | USD |
| 16 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Corn Futures, Dec-2026,ETH | No identifier reported | 0.30% | $526K | Commodity derivatives | United States | USD |
| 17 | NEW YORK MERCANTILE EXCHANGE NY Harbor ULSD Futures, Aug-2026,ETH | No identifier reported | -0.21% | -$375K | Commodity derivatives | United States | USD |
| 18 | NEW YORK MERCANTILE EXCHANGE RBOB Gasoline Futures, Aug-2026,ETH | No identifier reported | -0.21% | -$374K | Commodity derivatives | United States | USD |
| 19 | THE LONDON METAL EXCHANGE Nickel future (composite) | GB00H24VG313 | 0.15% | $265K | Commodity derivatives | United Kingdom | USD |
| 20 | ICE FUTURES U.S. Sugar No. 11 Futures - NYCC, Oct26 | No identifier reported | -0.13% | -$224K | Commodity derivatives | United States | USD |
| 21 | ICE FUTURES U.S. Cotton No. 2 Futures - NYCC, Dec26 | No identifier reported | 0.10% | $174K | Commodity derivatives | United States | USD |
| 22 | CHICAGO MERCANTILE EXCHANGE Lean Hog Futures, Aug-2026,ETH | No identifier reported | -0.09% | -$167K | Commodity derivatives | United States | USD |
| 23 | CME Group Inc. Copper Futures | No identifier reported | -0.09% | -$156K | Commodity derivatives | United States | USD |
| 24 | THE LONDON METAL EXCHANGE Lead future (composite) | GB00H24VH055 | 0.09% | $154K | Commodity derivatives | United Kingdom | USD |
| 25 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Chicago SRW Wheat Futures, Sep-2026,ETH | No identifier reported | 0.07% | $132K | Commodity derivatives | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Warning: Uses derivatives
Asset type
| Type | Weight | Bar |
|---|---|---|
| Short-term investment vehicles (cash funds) | 57.58% | |
| Debt | 36.33% | |
| Commodity derivatives | -4.70% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 91.26% | |
| United Kingdom | -2.05% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 89.21% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $3.0390
- 12-month yield
- 9.36%
- Frequency
- Quarterly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($3.0390) ÷ latest price ($32.48) × 100 = 9.36%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (18 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.1370 |
| 25 Jun 2026 | $0.1440 |
| 26 Mar 2026 | $0.1090 |
| 16 Dec 2025 | $2.6490 |
| 25 Sep 2025 | $0.1760 |
| 26 Jun 2025 | $0.1750 |
| 27 Mar 2025 | $0.1530 |
| 17 Dec 2024 | $0.3260 |
| 26 Sep 2024 | $0.2010 |
| 27 Jun 2024 | $0.2350 |
| 21 Mar 2024 | $0.2030 |
| 15 Dec 2023 | $0.2570 |
| 22 Sep 2023 | $0.2300 |
| 27 Jun 2023 | $0.2290 |
| 24 Mar 2023 | $0.1590 |
| 15 Dec 2022 | $1.7360 |
| 24 Jun 2022 | $0.0030 |
| 23 Dec 2021 | $1.8610 |
Filings and sources
- Form N-PORT report for June 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000053488) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- FAAR and TQQQ ProShares UltraPro QQQ
- FAAR and SOXL Direxion Daily Semiconductor Bull 3X ETF
- FAAR and BBJP JPMorgan BetaBuilders Japan ETF
- FAAR and QLD ProShares Ultra QQQ