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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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First Trust Global Tactical Commodity Strategy Fund
Active ETF
FTGC
Payout Change
Cut
Price as of:
$22.79
+0.0
+0.0%
primary theme
Commodity
FTGC (ETF)
First Trust Global Tactical Commodity Strategy Fund
Payout Change
Cut
Price as of:
$22.79
+0.0
+0.0%
primary theme
Commodity
FTGC (ETF)
First Trust Global Tactical Commodity Strategy Fund
Payout Change
Cut
Price as of:
$22.79
+0.0
+0.0%
primary theme
Commodity
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
First Trust Global Tactical Commodity Strategy Fund
FTGC | Active ETF
$22.79
$4.95 B
44.37%
$10.11
0.95%
Vitals
YTD Return
-6.3%
1 yr return
-13.6%
3 Yr Avg Return
22.5%
5 Yr Avg Return
5.8%
Net Assets
$4.95 B
Holdings in Top 10
47.0%
52 WEEK LOW AND HIGH
$22.6
$22.79
$30.22
Expenses
OPERATING FEES
Expense Ratio 0.95%
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
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
First Trust Global Tactical Commodity Strategy Fund
FTGC | Active ETF
$22.79
$4.95 B
44.37%
$10.11
0.95%
FTGC - Profile
Distributions
- YTD Total Return -6.3%
- 3 Yr Annualized Total Return 22.5%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.94%
- Dividend Yield 44.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Global Tactical Commodity Strategy Fund
-
Fund Family NameFirst Trust
-
Inception DateOct 21, 2013
-
Shares Outstanding170403334
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
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) short-term investment grade fixed income securities, including U.S. government and agency securities, sovereign debt obligations of non-U.S. countries and repurchase agreements; (2) money market instruments; (3) 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 (4) Canadian ETFs; and (5) cash and other cash equivalents. 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 | -6.3% | -39.0% | 55.2% | 62.91% |
| 1 Yr | -13.6% | -60.4% | 1743.4% | 45.15% |
| 3 Yr | 22.5%* | -24.7% | 188.9% | 26.22% |
| 5 Yr | 5.8%* | -26.1% | 82.1% | 29.55% |
| 10 Yr | N/A* | -20.5% | 27.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 17.4% | -58.5% | 2475.6% | 28.07% |
| 2021 | 13.1% | -87.8% | 170.8% | 24.71% |
| 2020 | 0.7% | -38.3% | 438.4% | 48.19% |
| 2019 | 1.6% | -81.2% | 208.1% | 44.59% |
| 2018 | -2.7% | -29.0% | 34.3% | 47.62% |
Total Return Ranking - Trailing
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.3% | -49.6% | 119.0% | 60.56% |
| 1 Yr | -13.6% | -60.4% | 1743.4% | 45.15% |
| 3 Yr | 22.5%* | -24.7% | 188.9% | 26.22% |
| 5 Yr | 5.8%* | -26.1% | 82.1% | 29.55% |
| 10 Yr | N/A* | -20.5% | 28.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FTGC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 17.4% | -58.5% | 2475.6% | 28.07% |
| 2021 | 13.1% | -87.8% | 170.8% | 24.71% |
| 2020 | 0.7% | -38.3% | 438.4% | 48.19% |
| 2019 | 1.6% | -81.2% | 208.1% | 44.59% |
| 2018 | -2.7% | -29.0% | 34.3% | 49.21% |
FTGC - Holdings
Concentration Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Net Assets | 4.95 B | 348 K | 63.1 B | 5.73% |
| Number of Holdings | 10 | 1 | 846 | 78.81% |
| Net Assets in Top 10 | 2.35 B | 0 | 63.2 B | 15.89% |
| Weighting of Top 10 | 46.95% | 20.7% | 100.0% | 90.58% |
Top 10 Holdings
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
- Ft Cayman Subsidiary Ii 23.58%
Asset Allocation
| Weighting | Return Low | Return High | FTGC % Rank | |
|---|---|---|---|---|
| Cash | 77.58% | -81.87% | 100.00% | 8.05% |
| Other | 22.42% | -47.59% | 165.73% | 54.36% |
| Stocks | 0.00% | 0.00% | 92.26% | 71.52% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 64.86% |
| Convertible Bonds | 0.00% | 0.00% | 3.89% | 78.38% |
| Bonds | 0.00% | 0.00% | 96.71% | 93.38% |
FTGC - Expenses
Operational Fees
| FTGC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.10% | 3.08% | 29.86% |
| Management Fee | 0.95% | 0.00% | 1.75% | 90.79% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 24.66% |
| Administrative Fee | N/A | 0.02% | 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% | 460.74% | 34.56% |
FTGC - Distributions
Dividend Yield Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 44.37% | 0.00% | 44.18% | 22.22% |
Dividend Distribution Analysis
| FTGC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| FTGC | Category Low | Category High | FTGC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.94% | -55.71% | 52.26% | 74.65% |
Capital Gain Distribution Analysis
| FTGC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 31, 2023 | $0.160 | OrdinaryDividend |
| Dec 30, 2022 | $2.528 | OrdinaryDividend |
| Jun 30, 2022 | $0.007 | OrdinaryDividend |
| Dec 31, 2021 | $1.662 | OrdinaryDividend |
| Dec 31, 2019 | $0.154 | OrdinaryDividend |
| Dec 31, 2018 | $0.134 | OrdinaryDividend |
| Mar 29, 2018 | $0.010 | OrdinaryDividend |
| Dec 29, 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 | 5.81 | 11.51 |
