First Trust Global Tactical Commodity Strategy FundFirst Trust Global Tactical Commodity Strategy FundFirst Trust Global Tactical Commodity Strategy Fund

First Trust Global Tactical Commodity Strategy Fund

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪2.33 B‬USD
Fund flows (1Y)
‪−265.52 M‬USD
Dividend yield (indicated)
2.95%
Discount/Premium to NAV
0.2%
Shares outstanding
‪93.70 M‬
Expense ratio
1.02%

About First Trust Global Tactical Commodity Strategy Fund


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Oct 22, 2013
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
FTGC brought active management to the commodities space. The fund doesn't directly own futures contracts, but gains exposure to commodities through its holdings in a Cayman Islands-based subsidiary which holds futures contracts. The fund can also short futures, hold commodity ETFs, and structured products tied to commodities. Since the fund limits its holding in the subsidiary to 25%, it aims to qualify as a regulated investment company and is structured as a 1940 Act open-ended fund, as opposed to a commodities pool. Overall it doesn't look much like a front-month GSCI benchmark. Its sector biases can swing far from neutral exposure. Its cash-only creation structure makes things simple for larger investors. FTGCs structure means that it intends to be taxed like other equity funds, and does not distribute K-1 forms to its investors.

Classification


Asset Class
Commodities
Category
Broad market
Focus
Broad market
Niche
Variable
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 14, 2025
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Agency
Bonds, Cash & Other100.00%
Government48.27%
Mutual fund37.14%
Agency14.60%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows