NYSE ARCA | ETF
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500® Index or Bloomberg Aggregate Bond Index) over various market cycles.
The fund is non-diversified.
Top 9 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| FTLS | First Trust Long/Short Equity ETF | 22.15% | ||
| FMF | First Trust Managed Futures Strategy Fund | 21.52% | ||
| FAAR | First Trust Alternative Absolute Return Strategy ETF | 21.44% | ||
| UCON | First Trust TCW Unconstrained Plus Bond ETF | 12.22% | ||
| IAU | iShares Gold Trust | 7.89% | ||
| FTHI | First Trust BuyWrite Income ETF | 5.08% | ||
| MARB | First Trust Vivaldi Merger Arbitrage ETF | 4.92% | ||
| FTGC | First Trust Global Tactical Commodity Strategy Fund | 4.81% | ||
| IEF | iShares 7-10 Year Treasury Bond ETF | 4.74% |