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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.96% -0.06% 2.177B 100408.5
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
-- 245.0% 252.32M 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
Equity Style --
Broad Asset Class Alternative
Broad Category Alternative Strategies
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%
10%
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
2019
2020
2021
2022
2023
2024
2025
YTD
16.16%
2.56%
19.65%
-5.57%
16.93%
18.80%
9.09%
0.69%
26.60%
16.25%
18.54%
-18.36%
22.20%
17.49%
22.34%
2.35%
14.40%
-6.87%
32.93%
-7.25%
17.53%
35.52%
20.44%
1.68%
17.32%
90.95%
-39.96%
-46.73%
28.97%
20.72%
32.82%
3.97%
15.18%
-3.28%
20.02%
-11.83%
13.48%
19.80%
8.47%
0.59%
29.26%
10.94%
33.13%
-18.26%
23.52%
22.09%
21.84%
1.17%
As of January 13, 2026.

Asset Allocation

As of December 31, 2025.
Type % Net
Cash 27.95%
Stock 72.09%
Bond 0.00%
Convertible 0.00%
Preferred 0.00%
Other -0.04%
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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
Equity Style --
Broad Asset Class Alternative
Broad Category Alternative Strategies
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
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