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First Trust Multi-Strategy Alternative ETF (LALT)
About this ETF
The First Trust Multi-Strategy Alternative ETF (LALT) is designed to achieve the primary goal of generating overall long-term returns. This actively managed exchange-traded fund strives towards its investment objective by strategically distributing its capital among a wide variety of non-traditional asset classes and investment approaches. The intention behind this strategy is to provide investors with diminished correlation and broader risk diversification when measured against standard equity and fixed income benchmarks, like the S&P 500 Index or the Bloomberg Aggregate Bond Index, aiming for consistent performance through diverse economic conditions.
Price
Top 10 holdings
| First Trust Long/Short Equity ETF FTLS | 21.75% |
| First Trust Managed Futures Strategy Fund FMF | 21.46% |
| First Trust Alternative Absolute Return Strategy ETF FAAR | 21.13% |
| First Trust Low Duration Opportunities ETF LMBS | 10.47% |
| Franklin Systematic Style Premia ETF FLSP | 9.45% |
| First Trust Global Tactical Commodity Strategy Fund FTGC | 8.29% |
| iShares 7-10 Year Treasury Bond ETF IEF | 7.41% |
| US Dollar $USD | 0.03% |
Sector mix
Price chart
Returns
| 1 month | -0.58% |
| 3 months | -1.67% |
| 6 months | +4.64% |
| Year to date | +5.92% |
| 1 year | +13.12% |
| 3 years (ann.) | +6.92% |
| 5 years (ann.) | +1.26% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 7.79% |
| Sharpe (1y) | 1.62 |
| Sharpe (3y) | 1.06 |
| Sortino (1y) | 1.85 |
| Max drawdown (1y) | -4.59% |
| Max drawdown (5y) | -22.13% |
| Max drawdown (full) | -22.13% |
| Beta vs S&P 500 (1y) | 0.23 |
| Correlation vs S&P 500 (1y) | 0.37 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-25 | 2026-06-30 | USD 0.0737 |
| 2026-03-26 | 2026-03-31 | USD 0.5038 |
| 2025-12-12 | 2025-12-31 | USD 0.3239 |
| 2025-06-26 | 2025-06-30 | USD 0.0817 |
| 2025-03-27 | 2025-03-31 | USD 0.0577 |
| 2024-12-13 | 2024-12-31 | USD 0.3573 |
| 2024-06-27 | 2024-06-28 | USD 0.0752 |
| 2023-12-22 | 2023-12-29 | USD 0.3891 |
| 2023-06-27 | 2023-06-30 | USD 0.0924 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | 0.0% |
| Invesco AAA CLO Floating Rate Note ETF ICLO | 0.19% | 508.14M | 0.0% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 0.0% |
