An actively managed ETF that takes a
risk-managed approach to commodities investing.
First Trust Advisors L.P. (“First Trust”), a leading ETF
provider and asset manager announced today that the First Trust
Global Tactical Commodity Strategy Fund (NASDAQ: FTGC) has received
the Best New Commodity ETF award from ETF.com. This honor is
awarded to the most important commodity ETF launched in 2013
according to ETF.com.
“On behalf of the entire First Trust Team, we are excited to win
the award for Best New Commodity ETF for 2013,” said Rob Guttschow,
CFA and Senior Portfolio Manager of the fund. “Our goal in creating
the First Trust Global Tactical Commodity Strategy Fund was to
provide investors with an innovative, convenient way to gain
exposure to a diversified portfolio of commodity futures through a
wholly-owned subsidiary of the fund, while providing a 1099 form
for tax reporting purposes. This actively managed ETF also employs
a unique strategy that seeks to manage portfolio volatility and the
futures contract roll.”
Along with Rob Guttschow, John Gambla, CFA, FRM, PRM, also
serves as Senior Portfolio Manager of the fund. The two are
primarily responsible for daily investment decisions under the
direction of First Trust’s Investment Committee, which includes six
other individuals with extensive investment experience. The fund
provides daily liquidity and full transparency to holdings and
pricing.
The ETF.com awards recognize the products, companies and people
that are delivering innovative products to the market and helping
improve investor outcomes. Winners of the awards were selected in a
three-part process designed to leverage the insights and opinions
of leaders throughout the ETF industry. ETF.com solicited
nominations from more than 15,000 members of the ETF community and,
from the group of nominations, the ETF.com ETF Awards Nominating
Committee voted to select up to five finalists in each category.
Winners among these finalists were selected by a majority vote of
the ETF.com Awards Selection Committee, a group of independent ETF
experts from throughout the ETF community.
For more information about First Trust, please contact Ryan
Issakainen of First Trust at (630) 765-8689 or
RIssakainen@FTAdvisors.com.
About First Trust
First Trust Advisors L.P., along with its affiliate First Trust
Portfolios L.P., are privately-held companies which provide a
variety of investment services, including asset management and
financial advisory services, with collective assets under
management or supervision of approximately $86 billion as of
February 28, 2014 through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts. First Trust is based in Wheaton, Illinois. First Trust
Advisors L.P., the investment adviser of the fund, is registered as
a commodity pool operator and commodity trading advisor and is also
a member of the National Futures Association. For more information,
visit http://www.ftportfolios.com.
You should consider the fund’s investment objectives, risks,
and charges and expenses carefully before investing. Contact First
Trust Portfolios L.P. at 1-800-621-1675 to obtain a prospectus or
summary prospectus which contains this and other information about
the fund. The prospectus or summary prospectus should be read
carefully before investing.
ETF Characteristics
The fund lists and principally trades its shares on The NASDAQ
Stock Market LLC.
The fund may not be fully invested at times. Investors buying or
selling fund shares on the secondary market may incur customary
brokerage commissions. Market prices may differ to some degree from
the net asset value of the shares. Investors who sell fund shares
may receive less than the share’s net asset value. Shares may be
sold throughout the day on the exchange through any brokerage
account. However, unlike mutual funds, shares may only be redeemed
directly from the fund by authorized participants, in very large
creation/redemption units.
RISKS
The fund’s shares will change in value and you could lose money
by investing in the fund. The fund is subject to market risk. The
trading prices of commodities futures, fixed income securities and
other instruments fluctuate in response to a variety of factors.
The fund’s net asset value and market price may fluctuate
significantly in response to these factors. As a result, an
investor could lose money over short or long periods of time. In
addition, the net asset value of the fund over short-term periods
may be more volatile than other investment options because of the
fund’s significant use of financial instruments that have a
leveraging effect. There is no guarantee that any leveraging
strategy the fund employs will be successful.
The value of commodities and commodity-linked instruments
typically is based upon the price movements of a physical commodity
or an economic variable linked to such price movements. The prices
of commodities and commodities-linked instruments may fluctuate
quickly and dramatically and may not correlate to price movements
in other asset classes. An active trading market may not exist for
certain commodities. Each of these factors and events could have a
significant negative impact on the fund. All futures and
futures-related products are highly volatile. Price movements are
influenced by a variety of factors. The value of commodities,
commodity-linked instruments, futures and futures-related products
may be affected by changes in overall economic conditions, changes
in interest rates, or factors affecting a particular commodity or
industry, such as production, supply, demand, drought, floods,
weather, political, economic and regulatory developments.
The fund does not invest directly in futures instruments.
Rather, it invests in a wholly-owned subsidiary, which has the same
investment objective as the fund, but unlike the fund, it may
invest without limitation in futures instruments. The subsidiary is
not registered under the 1940 Act and is not subject to all the
investor protections of the 1940 Act. Thus, the fund, as an
investor in the subsidiary, does not have all the protections
offered to investors in registered investment companies.
The fund’s strategy may frequently involve buying and selling
portfolio securities to rebalance the fund’s exposure to various
market sectors. Higher portfolio turnover may result in the fund
paying higher levels of transaction costs and generating greater
tax liabilities for shareholders.
The fund is subject to management risk because it is an actively
managed portfolio. The advisor will apply investment techniques and
risk analyses that may not have the desired result.
The fund currently intends to effect most creations and
redemptions, in whole or in part for cash, rather than in-kind
securities. As a result, the fund may be less tax-efficient than if
it were to sell and redeem its shares principally in-kind.
The fund, through the subsidiary, will engage in trading on
commodity markets outside the United States. Trading on such
markets is not regulated by any United States government agency and
may involve certain risks not applicable to trading on United
States exchanges. The fund holds investments that are denominated
in non-U.S. currencies, or in securities that provide exposure to
such currencies, currency exchange rates or interest rates
denominated in such currencies. Changes in currency exchange rates
and the relative value of non-U.S. currencies may affect the value
of the fund’s investments and the value of the fund’s shares.
Commodity futures contracts traded on non-U.S. exchanges or with
non-U.S. counterparties present risks because they may not be
subject to the same degree of regulation as their U.S.
counterparts.
The fund may be subject to the forces of the “whipsaw” markets
(as opposed to choppy or stable markets), in which significant
price movements develop but then repeatedly reverse, which could
cause substantial losses to the fund.
The fund is classified as “non-diversified.” A non-diversified
fund generally may invest a larger percentage of its assets in the
securities of a smaller number of issuers. As a result, the fund
may be more susceptible to the risks associated with these
particular companies, or to a single economic, political or
regulatory occurrence affecting these companies.
First TrustRyan Issakainen(630)
765-8689RIssakainen@FTAdvisors.com
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