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Created with Highcharts 11.1.0Jul '24Oct '24Jan '25Apr '2560.0064.93

Key Stats

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Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.38% 0.14% 1.975B 129971.6
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
-- 235.0% 673.44M Upgrade

Basic Info

Investment Strategy
The Fund seeks to provide investors with long-term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. At least 80% of the Fund's assets will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies.
General
Security Type Exchange-Traded Fund
Broad Asset Class Alternative
Broad Category Alternative
Global Peer Group Alternative Long/Short Equity US
Peer Group Alternative Long/Short Equity Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Long/Short Equity Funds
Fund Owner Firm Name First Trust
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

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Performance Versus Peer Group

 
20%
15%
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5%
0
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Peer Group Rtn. (NAV)
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% Rank in Peer Group (NAV)
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-4.81%
16.16%
2.56%
19.65%
-5.57%
16.93%
18.80%
-0.72%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
17.49%
4.61%
-1.84%
19.53%
16.12%
14.80%
-19.59%
12.13%
8.48%
8.50%
-5.59%
15.18%
-3.28%
20.02%
-11.83%
13.48%
19.80%
-5.01%
--
--
--
--
--
--
22.42%
-1.09%
-1.92%
14.40%
-6.87%
32.93%
-7.25%
17.53%
35.52%
-1.18%
As of May 22, 2025.

Asset Allocation

Created with Highcharts 11.1.0
As of April 30, 2025.
Type % Net
Cash 35.88%
Stock 63.33%
Bond 0.00%
Convertible 0.00%
Preferred 0.00%
Other 0.79%
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Basic Info

Investment Strategy
The Fund seeks to provide investors with long-term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities. At least 80% of the Fund's assets will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies.
General
Security Type Exchange-Traded Fund
Broad Asset Class Alternative
Broad Category Alternative
Global Peer Group Alternative Long/Short Equity US
Peer Group Alternative Long/Short Equity Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Long/Short Equity Funds
Fund Owner Firm Name First Trust
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

View Basic Info
Start Trial

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