First Trust Real Assets Fund
FTREX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1625 Broadway Denver CO United States of America 80202
- IPO Date
- May 2, 2022
- CIK
- 0000885092
- Website
- firsttrustcapital.com
- Similar Companies
- Business
- First Trust Real Assets Fund (FTREX) is a closed-end interval fund that seeks long-term real return above inflation through current income and capital appreciation by investing at least 80% of its net assets in real assets and real asset companies. The fund employs a multi-sector, multi-strategy approach, including allocations to private funds investing in real estate equity across industrial, multi-family, retail, office, specialty, infrastructure, healthcare, and residential properties; private real estate debt focused on direct lending for capital preservation and income; infrastructure assets supporting economic productivity with emphasis on new-age investments; natural resources such as timberland, agriculture, and farmland; direct co-investments; publicly traded equity and debt securities related to real assets or issued by real asset companies; and a liquidity sleeve of low-risk, daily liquid investments. It targets a strategic overweight to private real estate equity (approximately 55%) and private real estate debt (45%), providing diversified exposure to over 2,200 properties via institutional managers without accreditation requirements, low minimum investments of $1,000, daily NAV purchases, and quarterly repurchase offers of 5% to 25% of outstanding shares. Managed by First Trust Capital Management L.P., headquartered in Chicago, Illinois, the fund was incepted on April 29, 2022, and operates primarily in U.S. markets with exposure to North American real assets. It offers a 5% targeted annual distribution rate paid quarterly, supported by investment income, with tax-efficient characteristics from real asset distributions. In recent developments, the fund maintained its quarterly distributions through 2025, including payments of $0.11375 on October 2, 2025, $0.11388 on July 2, 2025, and $0.11500 on April 2, 2025, demonstrating consistent income generation amid market conditions. First Trust Advisors L.P., an affiliate, announced in October 2025 a proposed reorganization of four Vest-advised mutual funds into First Trust-advised funds, signaling strategic expansion in alternative income products, though FTREX itself was not directly involved. The fund continues to emphasize accessibility to private real assets with a net expense ratio of 1.69% (contractually limited to 1.65% excluding certain fees).