{
 "ticker": "FAAR",
 "name": "First Trust Alternative Absolute Return Strategy ETF",
 "issuer": "First Trust",
 "desk": "core",
 "url": "https://etfiq.com/funds/faar",
 "html": "https://etfiq.com/funds/faar",
 "markdown": "https://etfiq.com/funds/faar.md",
 "as_of": "2026-10-09",
 "verdict": "FAAR is actively managed and returned +19.7% over the past year.",
 "category": {
  "id": "commodities",
  "name": "Commodities",
  "label": "Commodity ETFs",
  "url": "https://etfiq.com/commodities/",
  "group": {
   "id": "commodities",
   "name": "Commodities"
  },
  "segment": {
   "id": "commodities-broad",
   "name": "Broad commodities",
   "url": "https://etfiq.com/commodities/broad/"
  },
  "status": "classified",
  "as_of": "2026-10-09",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+19.7%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FAAR, total return, 1 year: +19.7%, as of Oct 9, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.98%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FAAR, expense ratio: 0.98%, as of Oct 9, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "4",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FAAR, holdings: 4, as of Oct 9, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.9%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "FAAR, below its high: \u22123.9%, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$241m",
   "source": "issuer page, as of Oct 8, 2026",
   "as_of": "2026-10-09",
   "sentence": "FAAR, net assets: $241m (issuer page, as of Oct 8, 2026)."
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Bloomberg Commodity Index, measured by BCI, which tracks the same index",
   "source": "ETFIQ, from its filings",
   "as_of": "2026-10-09",
   "sentence": "FAAR, benchmark: Bloomberg Commodity Index, measured by BCI, which tracks the same index (ETFIQ, from its filings)."
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Commodity fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Commodities \u00b7 Broad commodities",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.98%",
   "source": "485BPOS XBRL, Apr 30, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$32.70",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "May 23, 2016",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$241m",
   "source": "issuer page, as of Oct 8, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Bloomberg Commodity Index, measured by BCI, which tracks the same index",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "benchmark_named_in",
   "label": "Benchmark named in",
   "value": "its shareholder report, N-CSR, Mar 9, 2026",
   "source": null
  },
  {
   "key": "faar_1_year_to_oct_9_2026",
   "label": "FAAR, 1 year to Oct 9, 2026",
   "value": "+19.68%",
   "source": null
  },
  {
   "key": "bci_the_same_days",
   "label": "BCI, the same days",
   "value": "+40.24%",
   "source": null
  },
  {
   "key": "against_its_benchmark_1_year",
   "label": "Against its benchmark, 1 year",
   "value": "\u221220.56 pts",
   "source": "ETFIQ"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22123.9%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "4",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "36.3%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+5.5%",
   "S&P 500 (SPY)": "+3.4%",
   "Gap to SPY": "+2.1 pts",
   "Gap to QQQ": "+1.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22122.0%",
   "S&P 500 (SPY)": "+15.2%",
   "Gap to SPY": "\u221217.2 pts",
   "Gap to QQQ": "\u221225.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+19.7%",
   "S&P 500 (SPY)": "+17.3%",
   "Gap to SPY": "+2.4 pts",
   "Gap to QQQ": "\u22123.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+39.3%",
   "S&P 500 (SPY)": "+85.8%",
   "Gap to SPY": "\u221246.5 pts",
   "Gap to QQQ": "\u221268.0 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+60.8%",
   "S&P 500 (SPY)": "+349.1%",
   "Gap to SPY": "\u2212288.4 pts",
   "Gap to QQQ": "\u2212600.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How has FAAR performed?",
   "a": "Over the year to Oct 9, 2026, FAAR returned +19.7% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index. Over three years the figure is +39.3%."
  },
  {
   "q": "What does FAAR cost?",
   "a": "The prospectus expense ratio is 0.98% a year."
  },
  {
   "q": "How far is FAAR below its high?",
   "a": "3.9% below its high of May 18, 2026, measured on the reinvested series to Oct 9, 2026."
  }
 ],
 "flows": {
  "as_of": "2026-10-08",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/faar.json",
  "windows": [],
  "latest_month": {
   "month": "2026-10",
   "net_flow_usd": 4823000,
   "net_flow": "+$4.8m",
   "source": "ETFIQ, the sum of its days, Oct 6 to Oct 8"
  }
 },
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, FAAR, commodity fund, data as of Oct 9, 2026. https://etfiq.com/funds/faar"
}