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 8 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| FAAR | First Trust Alternative Absolute Return Strategy ETF | 21.45% | ||
| FTLS | First Trust Long/Short Equity ETF | 21.43% | ||
| FMF | First Trust Managed Futures Strategy Fund | 21.40% | ||
| UCON | First Trust TCW Unconstrained Plus Bond ETF | 12.48% | ||
| IAU | iShares Gold Trust | 7.98% | ||
| MARB | First Trust Vivaldi Merger Arbitrage ETF | 5.00% | ||
| FTGC | First Trust Global Tactical Commodity Strategy Fund | 5.00% | ||
| IEF | iShares 7-10 Year Treasury Bond ETF | 4.98% |