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First Trust Global Tactical Commodity Strategy Fund
Active ETF
FTGC
Payout Change
Pending
Price as of:
$23.58
+0.22
+0.94%
primary theme
Commodity
FTGC (ETF)
First Trust Global Tactical Commodity Strategy Fund
Payout Change
Pending
Price as of:
$23.58
+0.22
+0.94%
primary theme
Commodity
FTGC (ETF)
First Trust Global Tactical Commodity Strategy Fund
Payout Change
Pending
Price as of:
$23.58
+0.22
+0.94%
primary theme
Commodity
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust Global Tactical Commodity Strategy Fund
FTGC | Active ETF
$23.58
$2.2 B
3.13%
$0.74
1.02%
Vitals
YTD Return
7.3%
1 yr return
6.7%
3 Yr Avg Return
7.3%
5 Yr Avg Return
9.5%
Net Assets
$2.2 B
Holdings in Top 10
91.4%
52 WEEK LOW AND HIGH
$23.4
$22.29
$24.89
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust Global Tactical Commodity Strategy Fund
FTGC | Active ETF
$23.58
$2.2 B
3.13%
$0.74
1.02%
FTGC - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return 7.3%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.94%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Global Tactical Commodity Strategy Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateOct 21, 2013
-
Shares Outstanding170403334
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRob Guttschow
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve attractive risk adjusted returns by investing in commodity futures contracts, exchange-traded commodity linked instruments, and commodity linked total return swaps (collectively, “Commodities Instruments”) through a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). The Fund will not invest directly in Commodities Instruments. The Fund expects to gain exposure to these investments exclusively by investing in the Subsidiary. The Subsidiary is advised by First Trust Advisors L.P., the Fund’s investment advisor.The Fund’s investment in the Subsidiary is intended to provide the Fund with exposure to commodity markets within the limits of current federal income tax laws applicable to investment companies such as the Fund, which limit the ability of investment companies to invest directly in Commodities Instruments. The Subsidiary has the same investment objective as the Fund, but unlike the Fund, it may invest without limitation in Commodities Instruments. Except as otherwise noted, for purposes of this prospectus, references to the Fund’s investments include the Fund’s indirect investments through the Subsidiary. The Fund will invest up to 25% of its total assets in the Subsidiary. The Fund will normally seek to maintain notional exposure to commodities close to 100% of its net asset value, but that may be adjusted downward at times for risk mitigation or other purposes in the discretion of the portfolio managers.The Subsidiary seeks to make investments generally in Commodities Instruments while managing volatility. Investment weightings of the underlying Commodities Instruments held by the Subsidiary are rebalanced in an attempt to stabilize risk levels. The dynamic weighting process is designed to result in a disciplined, systematic investment process, which is keyed off of the Fund’s investment advisor’s volatility forecasting process. Under certain market conditions, the Fund may reduce the notional exposure to commodities it derives from its derivatives positions to mitigate against risk.The Subsidiary’s holdings in Commodities Instruments will consist, in part, of futures contracts, which are contractual agreements to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. The Subsidiary may also invest in commodity-linked instruments, which include: (1) ETFs that provide exposure to commodities; and(2) pooled investment vehicles that invest primarily in commodities and commodity-related instruments. The Subsidiary may have both long and short positions in Commodities Instruments. However, for a given Commodity Instrument the Subsidiary will provide a net long exposure. Net long exposure means to hold or be exposed to a security or instrument with the expectation that its value will increase over time. As U.S. and London exchanges list additional contracts, as currently listed contracts on those exchanges gain sufficient liquidity or as other exchanges list sufficiently liquid contracts, the Fund’s investment advisor will include those contracts in the list of possible investments of the Subsidiary. The list of Commodities Instruments and commodities markets considered for investment can and will change over time.The remainder of the Fund’s assets will primarily be invested in: (1) U.S. government and agency securities with maturities of two years or less, (2) short-term repurchase agreements; (3) money market instruments; (4) ETFs and other investment companies registered under the Investment Company Act of 1940, as amended (the “1940 Act”) or established and registered in Canada or any province thereof (5) Canadian ETFs; and (6) cash. The Fund uses such instruments as investments and to collateralize the Subsidiary’s Commodities Instruments exposure on a day-to-day basis. The Fund may also invest directly in ETFs and other investment companies, including closed-end funds, that provide exposure to Commodities Instruments, equity securities and fixed income securities to the extent permitted under the 1940 Act.The Fund may enter into repurchase agreements with counterparties that are deemed to present acceptable credit risks. A repurchase agreement is a transaction in which the Fund purchases securities or other obligations from a bank or securities dealer and simultaneously commits to resell them to a counterparty at an agreed-upon date or upon demand and at a price reflecting a market rate of interest unrelated to the coupon rate or maturity of the purchased obligations. The Fund may also enter into swap agreements, including total return swaps.
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FTGC - Performance
Return Ranking - Trailing
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -24.3% | 31.8% | 15.75% |
| 1 Yr | 6.7% | -25.2% | 31.3% | 18.11% |
| 3 Yr | 7.3%* | -32.5% | 282.5% | 32.54% |
| 5 Yr | 9.5%* | -26.4% | 132.0% | 27.87% |
| 10 Yr | 1.1%* | -25.3% | 48.2% | 65.91% |
* Annualized
Return Ranking - Calendar
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -8.4% | -64.0% | 30.1% | 55.12% |
| 2022 | 6.2% | -40.8% | 2475.6% | 20.63% |
| 2021 | 19.3% | -23.3% | 106.7% | 24.80% |
| 2020 | 2.2% | -71.9% | 295.5% | 36.89% |
| 2019 | 5.5% | -31.8% | 53.9% | 67.77% |
Total Return Ranking - Trailing
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -24.3% | 31.8% | 15.75% |
| 1 Yr | 6.7% | -25.2% | 31.3% | 18.11% |
| 3 Yr | 7.3%* | -32.5% | 282.5% | 32.54% |
| 5 Yr | 9.5%* | -26.4% | 132.0% | 27.87% |
| 10 Yr | 1.1%* | -25.3% | 48.2% | 65.91% |
* Annualized
Total Return Ranking - Calendar
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -5.4% | -64.0% | 41.1% | 45.67% |
| 2022 | 17.4% | -15.1% | 5648.8% | 32.54% |
| 2021 | 27.9% | -23.3% | 188.1% | 60.80% |
| 2020 | 2.2% | -67.8% | 296.1% | 39.34% |
| 2019 | 6.4% | -31.8% | 53.9% | 74.38% |
FTGC - Holdings
Concentration Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Net Assets | 2.2 B | 2.34 M | 33.5 B | 12.18% |
| Number of Holdings | 37 | 1 | 968 | 61.42% |
| Net Assets in Top 10 | 2.02 B | 2.66 M | 30.7 B | 12.60% |
| Weighting of Top 10 | 91.36% | 20.9% | 172.5% | 42.28% |
Top 10 Holdings
- Dreyfus Government Cash Management 15.12%
- MSILF Treasury Portfolio 15.12%
- United States Treasury Note/Bond 13.92%
- United States Treasury Note/Bond 11.91%
- United States Treasury Note/Bond 8.08%
- United States Treasury Note/Bond 7.87%
- United States Treasury Note/Bond 7.55%
- United States Treasury Note/Bond 6.60%
- United States Treasury Bill 4.52%
- SILVER 0.67%
Asset Allocation
| Weighting | Return Low | Return High | FTGC % Rank | |
|---|---|---|---|---|
| Bonds | 60.45% | 0.00% | 109.63% | 32.28% |
| Cash | 36.69% | 0.00% | 100.00% | 40.80% |
| Other | 2.86% | -7.17% | 100.03% | 53.60% |
| Stocks | 0.00% | 0.00% | 57.05% | 94.49% |
| Preferred Stocks | 0.00% | 0.00% | 0.11% | 90.40% |
| Convertible Bonds | 0.00% | 0.00% | 3.89% | 90.32% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FTGC % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 30.25% | 0.00% | 100.00% | 47.79% |
| Derivative | 2.86% | -7.17% | 100.03% | 27.43% |
| Securitized | 0.00% | 0.00% | 19.62% | 89.29% |
| Corporate | 0.00% | 0.00% | 42.72% | 91.07% |
| Municipal | 0.00% | 0.00% | 1.45% | 89.29% |
| Government | 0.00% | 0.00% | 100.00% | 99.11% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FTGC % Rank | |
|---|---|---|---|---|
| US | 60.45% | 0.00% | 95.25% | 32.80% |
| Non US | 0.00% | 0.00% | 14.38% | 90.40% |
FTGC - Expenses
Operational Fees
| FTGC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.21% | 5.23% | 56.57% |
| Management Fee | 0.95% | 0.00% | 1.75% | 91.03% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 21.43% |
| Administrative Fee | N/A | 0.05% | 0.45% | N/A |
Sales Fees
| FTGC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FTGC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FTGC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 162.00% | 34.56% |
FTGC - Distributions
Dividend Yield Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.13% | 0.00% | 19.94% | 35.26% |
Dividend Distribution Analysis
| FTGC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.94% | -55.71% | 52.26% | 77.42% |
Capital Gain Distribution Analysis
| FTGC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2024 | $0.185 | OrdinaryDividend |
| Sep 26, 2024 | $0.187 | OrdinaryDividend |
| Jun 27, 2024 | $0.196 | OrdinaryDividend |
| Mar 21, 2024 | $0.164 | OrdinaryDividend |
| Dec 15, 2023 | $0.212 | OrdinaryDividend |
| Sep 22, 2023 | $0.188 | OrdinaryDividend |
| Jun 27, 2023 | $0.189 | OrdinaryDividend |
| Mar 24, 2023 | $0.160 | OrdinaryDividend |
| Dec 15, 2022 | $2.528 | OrdinaryDividend |
| Jun 24, 2022 | $0.007 | OrdinaryDividend |
| Dec 23, 2021 | $1.662 | OrdinaryDividend |
| Dec 13, 2019 | $0.154 | OrdinaryDividend |
| Dec 18, 2018 | $0.134 | OrdinaryDividend |
| Mar 22, 2018 | $0.010 | OrdinaryDividend |
| Dec 21, 2017 | $0.250 | OrdinaryDividend |
FTGC - Fund Manager Analysis
Managers
Rob Guttschow
Start Date
Tenure
Tenure Rank
Oct 21, 2013
8.61
8.6%
Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.
John Gambla
Start Date
Tenure
Tenure Rank
Oct 21, 2013
8.61
8.6%
John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 17.03 | 6.2 | 11.51 |
