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About First Trust Multi-Strategy Alternative ETF
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Inception date
Jan 31, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F4900
LALT seeks long-term total return through an actively managed fund-of-funds that employs a multi-strategy alternative approach. The fund is designed to provide lower correlation and more diversified risk exposures over various market cycles as compared to traditional equity and fixed income benchmarks. The portfolio primarily consists of ETPs with exposure to multiple alternative asset categories and strategies, including hedged equity, long/short, event-driven, managed futures, commodities, real estate, opportunistic fixed income, relative value, currencies, and global macro. Eligible ETPs are evaluated based on their correlation to traditional asset classes, total return profile, and standard deviation of returns. Market-related data is used to analyze and incorporate broader macroeconomic factors into the strategy. The adviser uses multiple prospective portfolios to assess risk and returns. The fund may include ETFs, ETNs, and trusts backed by physical commodities or currencies.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.97%
Cash0.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LALT top holdings are First Trust Alternative Absolute Return Strategy ETF and First Trust Managed Futures Strategy Fund, occupying 22.15% and 21.56% of the portfolio correspondingly.
LALT last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.06 USD in dividends, which shows a 29.38% increase.
LALT assets under management is 22.38 M USD. It's risen 8.15% over the last month.
LALT fund flows account for 10.67 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LALT pays dividends to its holders with the dividend yield of 2.22%. The last dividend (Jun 30, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
LALT shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jan 31, 2023, and its management style is Active.
LALT expense ratio is 1.94% meaning you'd have to pay 1.94% of your investment to help manage the fund.
LALT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LALT invests in funds.
LALT price has risen by 3.66% over the last month, and its yearly performance shows a 8.70% increase. See more dynamics on LALT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.46% over the last month, showed a 5.76% increase in three-month performance and has increased by 10.51% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.46% over the last month, showed a 5.76% increase in three-month performance and has increased by 10.51% in a year.
LALT trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.