Symbols

LALT

First Trust Multi-Strategy Alternative ETF·NYSE

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Key Stats

Assets Under Management

36.82MUSD

Fund Flows (1Y)

17.85MUSD

Dividend Yield

1.95%

Discount/Premium to NAV

0.13%

Shares Outstanding

1.55M

Expense Ratio

1.18%

About First Trust Multi-Strategy Alternative ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=LALT

Inception Date

Jan 31, 2023

Structure

Open-Ended Fund

Index Tracked

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.