The active ETFs help provide investors with a relatively cheaper way to access active management styles that could potentially capitalize on market inefficiencies. For instance, the First Trust Global Tactical Commodity Strategy Fund (NasdaqGM: FTGC), while still lower this year, has outperformed broad commodity indices due to the active ETF’s lower tilt toward energy. [A Beacon of Light Among Commodities ETFs]

Currently, there are 115 actively managed ETFs, with $16.7 billion in assets under management and an average expense ratio of 0.85%, according to XTF data.

Looking ahead, the SEC is still mulling over nontransparent active ETF filings. However, Robert Goldsborough, an analyst at Morningstar, believes the regulatory body could come to a decision in the next few weeks, citing industry sources.

For more information on active ETFs, visit our actively managed ETFs category.

Max Chen contributed to this article.