First Trust Alternative Absolute Return Strategy ETF

First Trust Alternative Absolute Return Strategy ETF is an actively managed commodities ETF designed to pursue long-term total return through long and short positions in exchange-traded commodity futures. The fund uses a subsidiary structure to gain exposure to commodity markets indirectly, while also holding cash and cash equivalents as collateral and for liquidity management. Its strategy is centered on absolute return and hedge fund-style, multi-strategy exposure, allowing it to move between net-long, net-short, or neutral commodity positioning depending on portfolio conditions. The ETF focuses on a broad range of global commodity segments, including energy, metals, agriculture, and livestock, making it a diversified tool for investors seeking commodity market participation through a single fund. First Trust Alternative Absolute Return Strategy ETF plays a specialized role in the market by offering active, flexible commodity exposure within an ETF wrapper.