Symbols

FTGC

First Trust Global Tactical Commodity Strategy Fund·NASDAQ

--(--)

Key Stats

Assets Under Management

2.49BUSD

Fund Flow (1Y)

-298.91MUSD

Dividend Yield

15.44%

Discount / Premium to NAV

0.22%

Shares Outstanding

87.70M

Expense Ratio

0.98%

About First Trust Global Tactical Commodity Strategy Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=Ftgc

Inception Date

Oct 22, 2013

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Portfolios LP

Distributor

First Trust Portfolios LP

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. FTGC's structure means that it intends to be taxed like other equity funds, and does not distribute K-1 forms to its investors.