FAAR vs. SPCX ETF Comparison

Comparison of First Trust Alternative Absolute Return Strategy ETF (FAAR) to SPAC and New Issue ETF (SPCX)

FAAR

First Trust Alternative Absolute Return Strategy ETF

FAAR Description

The First Trust Alternative Absolute Return Strategy ETF seeks to achieve long-term total return using a long/short commodities strategy. The fund intends to invest primarily in exchange-listed commodity futures contracts through a wholly-owned subsidiary.

Grade (RS Rating)

Last Trade

$28.20

Average Daily Volume

43,365

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

SPCX

SPAC and New Issue ETF

SPCX Description

The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.

Grade (RS Rating)

Last Trade

$23.42

Average Daily Volume

1,896

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

Performance

Period	FAAR	SPCX
30 Days	-2.76%	0.88%
60 Days	0.15%	1.01%
90 Days	-0.42%	1.19%
12 Months	0.34%	-1.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in FAAR	Weight in SPCX	Overlap

FAAR Overweight 1 Positions Relative to SPCX

	Symbol	Grade	Weight
	FCRX	A	21.59%

FAAR Underweight 20 Positions Relative to SPCX

	Symbol	Grade	Weight
	TBIL	A	-10.4%
	SHAP	C	-5.94%
	AFAR	B	-4.59%
	CNDA	C	-4.39%
	MSSA	A	-4.07%
	HAIA	B	-4.03%
	GAQ	A	-3.04%
	ONYX	C	-3.03%
	ROCL	B	-2.98%
	BLEU	D	-2.91%
	EMLD	C	-2.89%
	BHAC	C	-2.88%
	HCVI	C	-2.86%
	PLMI	B	-2.72%
	THCP	B	-2.63%
	CDAQ	B	-1.96%
	VMCA	B	-1.54%
	SWSS	B	-1.15%
	ALLG	C	-0.03%
	SSIC	A	-0.0%

FAAR: Top Represented Industries & Keywords

Industries:

Keywords: Business Development Company Golub Capital H.I.G. Capital Private Equity Venture Capital

SPCX: Top Represented Industries & Keywords

Industries: Shell Companies Auto Parts Drug Manufacturers - Specialty & Generic

Keywords: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company Reverse Takeover Bond Business Development Company Charging Station Electric Vehicle Electric Vehicle Charging Network Enterprise Software Exchange Traded Funds Financial Capital Renewable Energy SPDR Transport Treasury Bills United States Treasury Security Us Treasury Venture Capital