LALT
·ARCA
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Key Stats
Assets Under Management
30.53MUSD
Fund Flows (1Y)
15.38MUSD
Dividend Yield
2.04%
Discount/Premium to NAV
0.18%
Shares Outstanding
1.40M
Expense Ratio
1.18%
About First Trust Multi-Strategy Alternative ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Jan 31, 2023
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
The investment seeks long-term total return. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500 Index or Bloomberg Aggregate Bond Index) over various market cycles. The fund is non-diversified.
Classification
Asset Class
Alternatives
Category
Hedge Fund Strategies
Focus
Multi-strategy
Niche
Multi-strategy
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -1.39% | +1.25% | +7.64% | +6.98% | +13.39% | +13.39% |
NAV Total Return | -0.82% | +3.08% | +10.22% | +9.73% | +0.10% | +0.10% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Financial Services
27.87%
Technology
27.74%
Communication Services
10.49%
Consumer Cyclical
10.30%
Healthcare
6.95%
Industrials
6.12%
Consumer Defensive
4.26%
Energy
2.33%
Basic Materials
1.86%
Financial Services
27.87%
Technology
27.74%
Communication Services
10.49%
Consumer Cyclical
10.30%
Healthcare
6.95%
Industrials
6.12%
Consumer Defensive
4.26%
Energy
2.33%
Basic Materials
1.86%
Show more
Asset
Region
99.45%
0.45%
0.09%
Category
Ratio
North America
99.45%
Europe
0.45%
Asia
0.09%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
FMF
First Trust Managed Futures Strategy Fund
21.62%
FAAR
First Trust Alternative Absolute Return Strategy ETF
21.05%
FTLS
First Trust Long/Short Equity ETF
20.28%
LMBS
First Trust Low Duration Opportunities ETF
10.53%
IAU
iShares Gold Trust
8.94%
IEF
iShares 7-10 Year Treasury Bond ETF
7.49%
FTGC
First Trust Global Tactical Commodity Strategy Fund
6.17%
MARB
First Trust Merger Arbitrage ETF
5.08%
US Dollar
-1.15%
Top 10 Weight 100.01%
9 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.324 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.082 |
| 2025-03-27 | 2025-03-27 | 2025-03-31 | 0.058 |
| 2024-12-13 | 2024-12-13 | 2024-12-31 | 0.357 |
| 2024-06-27 | 2024-06-27 | 2024-06-28 | 0.075 |
| 2023-12-22 | 2023-12-26 | 2023-12-29 | 0.389 |
| 2023-06-27 | 2023-06-28 | 2023-06-30 | 0.092 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
