First Trust Multi-Strategy Alternative ETF

Price: $19.92
Change: $0.03 (0.0%)
Category: Hedge Fund
Last Updated:


Issuer First Trust
Brand First Trust
Structure ETF
Expense Ratio 1.23%
ETF Home Page Home page
Inception Jan 31, 2023
Index Tracked ACTIVE - No Index

Analyst Report


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ETF Database Themes

Category Hedge Fund
Asset Class Multi-Asset
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Alternatives: Hedge Fund Strategies
Category Hedge Fund Strategies
Focus Multi-strategy
Niche Multi-strategy
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $19.71
  • 52 Week Hi $21.95
  • AUM $1.0 M
  • Shares 0.1 M

Historical Trading Data

  • 1 Month Avg. Volume 2,057
  • 3 Month Avg. Volume n/a

Alternative ETFs in the ETF Database Hedge Fund Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CPI 0.27% $6.2 M 2,418 2.49%
Largest (AUM) RYLD 0.60% $1.5 B 2 M 0.41%
Most Liquid (Volume) RYLD 0.60% $1.5 B 2 M 0.41%
Top YTD Performer RORO 1.15% $9.8 M 8,106 17.62%

Alternative ETFs in the FactSet Alternatives: Hedge Fund Strategies Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TYA 0.15% $55.2 M 42,542 5.89%
Largest (AUM) RPAR 0.50% $1.1 B 83,309 3.17%
Most Liquid (Volume) DBMF 0.85% $707.1 M 399,449 -8.38%
Top YTD Performer WTMF 0.65% $140.3 M 28,052 10.40%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

LALT ETF Database Category Average FactSet Segment Average
Number of Holdings 9 105 117
% of Assets in Top 10 99.99% 78.18% 80.28%
% of Assets in Top 15 99.99% 84.26% 86.38%
% of Assets in Top 50 99.99% 96.31% 96.52%

Size Comparison

LALT ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 5.11% 3.20%
Mid (>2.7B) N/A 1.04% 0.68%
Small (>600M) N/A 0.87% 0.27%
Micro (<600M) N/A 0.11% 0.04%

LALT Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

LALT Dividend

This section compares the dividend yield of this ETF to its peers.

LALT ETF Database Category Average FactSet Segment Average
Dividend $ 0.03 $ 0.46 $ 0.36
Dividend Date 2018-12-24 N/A N/A
Annual Dividend Rate N/A $ 0.87 $ 0.61
Annual Dividend Yield N/A 3.90% 2.43%

LALT Price and Volume Charts

View charts featuring LALT price and volume data.

LALT Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 1 M 1 Year Net Flows: 1 M 3 Year Net Flows: 1 M 5 Year Net Flows: 1 M 10 Year Net Flows: 1 M

LALT Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 1.65 K
1 Month Net AUM Change: -4.7 K
3 Month Net AUM Change: -250.01
6 Month Net AUM Change: -7.45 K
1 Year Net AUM Change: -7.45 K
3 Year Net AUM Change: -7.45 K
5 Year Net AUM Change: -7.45 K
10 Year Net AUM Change: -7.45 K

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for LALT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Hedge Fund with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a RLY
Expenses C+ CPI

A+ Overall Rated ETF:

LALT Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

LALT does not have an ESG score. There are no ESG themes that map to this ETF.

LALT Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

LALT ETF Database
Category Average
Factset Segment
1 Month Return -0.10% -0.78% -1.19%
3 Month Return 0.23% -0.51% -0.48%
YTD Return N/A 0.36% -2.13%
1 Year Return N/A -4.35% -2.95%
3 Year Return N/A 3.00% 1.77%
5 Year Return N/A 0.78% 0.61%

Geographic Exposure

The following charts reflect the geographic spread of LALT's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of LALT's underlying holdings.

Asset Percentage
Exchange Traded Fund (ETF-ETF) 99.85%
CASH 0.14%
Sector Percentage
Miscellaneous 99.85%
CASH 0.14%
Market Cap Percentage
Small 0.0%
Large 0.0%
Micro 0.0%
Mid 0.0%
Region Percentage
North, Central and South America 99.85%
Other 0.14%
Region Percentage
Country Percentage
Other 94.96%
United States 5.03%
Credit Percentage
AAA 0.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Exchange Traded Fund (ETF-ETF) 99.85%
CASH 0.14%

LALT Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 6.22%
20 Day Volatility 3.04%
50 Day Volatility 2.81%
200 Day Volatility N/A
Beta -0.17
Standard Deviation N/A
5 Day Volatility
35 of 35

20 Day Volatility
34 of 35

50 Day Volatility
35 of 35

200 Day Volatility
No Ranking Available

32 of 35

Standard Deviation
No Ranking Available


  • 20 Day MA $19.90
  • 60 Day MA $19.93
  • MACD 15 Period 0.03
  • MACD 100 Period n/a
  • Williams % Range 10 Day 24.24
  • Williams % Range 20 Day 39.02
  • RSI 10 Day 53
  • RSI 20 Day 50
  • RSI 30 Day 49
  • Ultimate Oscillator 50

Bollinger Bands

  • Lower Bollinger (10 Day) $19.78
  • Upper Bollinger (10 Day) $19.98
  • Lower Bollinger (20 Day) $19.79
  • Upper Bollinger (20 Day) $20.01
  • Lower Bollinger (30 Day) $19.66
  • Upper Bollinger (30 Day) $20.21

Support & Resistance

  • Support Level 1 $19.92
  • Support Level 2 $19.92
  • Resistance Level 1 $19.92
  • Resistance Level 2 $19.92


  • Stochastic Oscillator %D (1 Day) 49.81
  • Stochastic Oscillator %D (5 Day) 55.17
  • Stochastic Oscillator %K (1 Day) 49.39
  • Stochastic Oscillator %K (5 Day) 62.45


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.09
  • Maximum Premium Discount (%) 0.52
  • Average Spread (%) n/a
  • Average Spread ($) n/a

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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