Wheaton, Ill.-based First Trust Advisors has filed paperwork with the Securities and Exchange Commission to launch the First Trust Morningstar Diversified Futures Fund.

 The fund will bet on a diversified portfolio of commodity futures, currency futures and equity futures, commodity-linked derivative instruments, equity-linked derivatives instruments and swap contracts, according to the filing.

The fund's portfolio is managed by a team an investment committee consisting of John Gambla, senior portfolio manager, Rob A. Guttschow, senior portfolio manager, Daniel J. Lindquist, senior vice president, Robert F. Carey, chief investment officer, Jon C. Erickson, senior vice president, David G. McGarel, senior vice president, Roger F. Testin, senior vice president, and Stan Ueland, vice president.

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