Fund · First Trust Global Tactical Commodity Strategy Fund · measured from SEC filings
FTGC holdings
FTGC reports 13 holdings and behaves like 4.2 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 28 quarters of filings.
Measured concentration
as of 2026-06-30This figure is not comparable with other funds
filed long positions cover only 90.5% of net assets, so a concentration figure computed from them describes a fraction of the fund rather than the fund
64% held in short-term investment vehicles: this is a cash-like fund, and its holding count measures something different
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 65.39% at a quoted market price (level 1), 2 issuer countries.
What stands out
as of 2026-06-30The largest line in FTGC's filing is not a stock but Dreyfus Government Cash Management Funds SH BEN INT, a short-term position at 29.05% of net assets. Between the 2026-03-31 and 2026-06-30 filings 9 positions were added and 14 dropped; 45.7% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable short-term funds on this site. Nothing here is a view on the fund.
Every filing since 2019
28| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 * | 13 | 4.2 | 99.95% | 32.08% |
| 2026-03-31 * | 28 | 5.7 | 95.91% | 27.17% |
| 2025-12-31 * | 19 | 7.3 | 98.37% | 19.24% |
| 2025-09-30 * | 24 | 10 | 95.28% | 14.73% |
| 2025-06-30 * | 30 | 8.5 | 97.93% | 17.72% |
| 2025-03-31 * | 37 | 10 | 92.57% | 15.22% |
| 2024-12-31 * | 25 | 6.9 | 97.27% | 20.87% |
| 2024-09-30 * | 26 | 8.7 | 95.72% | 15.84% |
Earlier filings (20 more, back to 2019-09-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-30 * | 25 | 11.7 | 84.67% | 13.61% |
| 2024-03-31 * | 31 | 7.9 | 97.78% | 19.08% |
| 2023-12-31 * | 20 | 7.7 | 98.31% | 21.42% |
| 2023-09-30 * | 23 | 9 | 96.51% | 18.36% |
| 2023-06-30 * | 35 | 10.2 | 95.22% | 15.6% |
| 2023-03-31 * | 25 | 3.5 | 99.57% | 34.7% |
| 2022-12-31 * | 34 | 11.1 | 93.98% | 11.15% |
| 2022-09-30 * | 18 | 12.4 | 83.84% | 11.69% |
| 2022-06-30 * | 22 | 9.8 | 89.36% | 17.9% |
| 2022-03-31 * | 39 | 21.6 | 58.31% | 8.26% |
| 2021-12-31 * | 26 | 11.9 | 79.81% | 16.16% |
| 2021-09-30 * | 26 | 10.9 | 78.84% | 17.02% |
| 2021-06-30 * | 34 | 21.4 | 56.67% | 9.52% |
| 2021-03-31 * | 17 | 6.3 | 92.96% | 29.45% |
| 2020-12-31 * | 30 | 11.4 | 69.13% | 23.96% |
| 2020-09-30 * | 15 | 2.8 | 96.69% | 57.08% |
| 2020-06-30 * | 27 | 2.6 | 86.57% | 61.2% |
| 2020-03-31 * | 21 | 6.8 | 98.16% | 27.12% |
| 2019-12-31 * | 41 | 11 | 89.37% | 11.66% |
| 2019-09-30 * | 28 | 10.3 | 93.03% | 11.7% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Largest positions, as filed
as of 2026-06-30The 11 largest of 13 positions in FTGC's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: FTGC.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | 32.08% | 32.1% |
| 2 | MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | 32.08% | 64.2% |
| 3 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 9.19% | 73.3% |
| 4 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 9.15% | 82.5% |
| 5 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 8.15% | 90.6% |
| 6 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 8.12% | 98.8% |
| 7 | ICE FUTURES U.S. | 1.03% | 99.8% |
| 8 | ICE FUTURES EUROPE | 0.13% | 99.9% |
| 9 | THE LONDON METAL EXCHANGE | 0.04% | 100.0% |
| 10 | CHICAGO MERCANTILE EXCHANGE | 0.03% | 100.0% |
| 11 | NEW YORK MERCANTILE EXCHANGE | 0.00% | 100.0% |
By country of issuer
as of 2026-06-30Share of FTGC's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 99.83% |
| United Kingdom | 0.17% |
Returns the fund reported
2019-07 – 2026-06Monthly total returns from Item B.5 of FTGC's own filings, 84 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: FTGC.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-3016 positions became 11: 9 added (35.8% of the fund at the later date), 14 dropped (45.7% at the earlier date). Half the sum of all weight changes, a turnover proxy: 45.7%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of FTGC compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | 27.17% | 32.08% | |||
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | 27.17% | 32.08% |
New: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (9.19%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (9.15%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (8.15%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (8.12%), ICE FUTURES U.S. (1.03%), ICE FUTURES EUROPE (0.13%). Gone: United States Treasury Bills (7.49%), United States Treasury Bills (7.47%), United States Treasury Bills (7.45%), United States Treasury Bills (5.80%), United States Treasury Notes (5.59%), United States Treasury Bills (5.58%).
Asset categories and pricing
as of 2026-06-30| Asset category (as filed) | Share of investments |
|---|---|
| short-term investment STIV | 64.16% |
| debt DBT | 34.61% |
| DCO DCO | 1.23% |
65.4% of FTGC is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-06-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $2.70B. Notional of an interest-rate or currency swap is not equity exposure.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, short-term investment funds
10Every measured short-term investment fund lined up by how many holdings it behaves like; these sit either side of FTGC (4.2). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| YINN Direxion Daily FTSE China Bull 3X Shares | 8 | 2.5 * | 100% | 2026-07-31 |
| IBTE iShares iBonds Dec 2024 Term Treasury ETF | 7 | 2.8 | 100% | 2024-10-31 |
| NVDU Direxion Daily NVDA Bull 2X Shares | 9 | 3.3 * | 100% | 2026-07-31 |
| BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 5 | 4.1 | 100% | 2026-06-30 |
| MSFU Direxion Daily MSFT Bull 2X Shares | 6 | 4.2 * | 100% | 2026-07-31 |
| TSLL Direxion Daily TSLA Bull 2X Shares | 6 | 5 * | 100% | 2026-07-31 |
| ALLW State Street(R) Bridgewater(R) All Weather(R) ETF | 41 | 8.2 * | 78.13% | 2026-07-31 |
| BIL State Street(R) SPDR(R) Bloomberg 1-3 Month T-Bill ETF | 24 | 14.9 | 74.44% | 2026-06-30 |
| XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 28 | 15.2 | 75.74% | 2026-07-31 |
| SGOV iShares 0-3 Month Treasury Bond ETF | 23 | 17.2 | 66.79% | 2026-05-31 |
Essays that examine FTGC
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.