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First Trust Alternative Absolute Return Strategy ETF
FAAR (First Trust Alternative Absolute Return Strategy ETF) is an active Alternative ETF by First. With a 0.98% MER, it provides diversified exposure through 7 holdings. Quarterly distribution with a 7.83% yield.
FAAR is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.98% MER reflects the costs of a more specialized management approach. It pays a quarterly distribution with a 7.83% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).