evenfolio
First TrustMultistrategyLALT · NYSE Arca

First Trust Multi-Strategy Alternative ETF (LALT)

Compare Multistrategy ETFsCompare with others
Price
$24.75
—11 Sept 2026
Assets
$343.5M
Total net assets
Expense ratio
1.18%
Category 1.94%
Yield
3.70%
Trailing distributions
3Y CAGR
9.7%+5.4%
Category 4.3%
5Y CAGR
—
Category 5.5%
Loading NAV history…
First Trust Multi-Strategy Alternative ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation
—
Maximum drawdown
—
Sharpe ratio
—
Sortino ratio
—
Beta
—
Alpha
—
R²
—
Information ratio
—
Upside capture
—
Downside capture
—
Tracking error
—
Trailing returns compared with benchmark
Period1M3M6MYTD1Y3YCAGR5YCAGR10YCAGRLaunchCAGR
ETF+1.6%+1.8%+1.8%+11.2%+15.0%+9.7%——+8.8%
Multistrategy average2.5%3.0%4.2%6.1%4.8%4.3%5.5%3.9%4.9%
Difference-1.0%-1.2%-2.4%+5.1%+10.2%+5.4%——+3.9%

Holdings

The 7 largest positions make up 99.9% of the fund.

Top holdings

Largest holdings by weight
TickerHoldingWeight
FTLSFirst Trust Long/Short Equity ETF21.84%
FMFFirst Trust Managed Future Strategy ETF21.39%
FAARFirst Trust Alt Abs Ret Strat ETF20.66%
LMBSFirst Trust Low Duration Oppos ETF10.26%
FLSPFranklin Systematic Style Premia ETF9.52%
FTGCFirst Trust Global Tact Cmdty Strat ETF9.01%
IEFiShares 7-10 Year Treasury Bond ETF7.22%

Portfolio valuation

Weighted averages of what the fund holds.

P/E
22.3
P/B
3.7
P/S
2.3
P/CF
14.4

Sector allocation

Share of the equity the fund holds.

26.9%Technology11 sectors
  1. Technology26.9%
  2. Financial services24.9%
  3. Health care11.2%
  4. Communication services7.0%
  5. Industrials6.6%
  6. Energy5.3%
  7. Consumer discretionary5.0%
  8. Consumer staples4.6%
  9. Materials4.4%
  10. Real estate3.2%
  11. Utilities1.0%

Asset mix

  • Cash52.9%
  • Stocks26.0%
  • Bonds14.8%
  • Other6.3%

Credit quality

Share of the bonds by rating.

  • US government26.2%
  • AAA66.6%
  • AA32.7%
  • A0.3%
  • BBB0.1%
  • BB0.0%
  • Below B0.0%
  • Other0.4%

ETF details

Issuer
First Trust
Category
Alternatives · Multistrategy
Ticker
LALT
Exchange
NYSE Arca
Inception
31 Jan 2023 (3.6 years)
Structure
Exchange Traded Fund
Expense ratio
1.18% (category 1.94%)
Holdings turnover
31% (category 256%)
Distribution yield
3.70%
Beta, 3 years
0.14
Total net assets
$343.5M
Average duration
4.03 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other multistrategy ETFs

Other ETFs in the Multistrategy category.

Compare Multistrategy ETFs

Search

Search funds, pages and tools