First Trust Multi-Strategy Alternative ETF (LALT)

Assets	$36.73M
Expense Ratio	1.18%
PE Ratio	n/a
Shares Out	1.55M
Dividend (ttm)	$0.46
Dividend Yield	1.95%
Ex-Dividend Date	Dec 12, 2025
Payout Frequency	Semi-Annual
Payout Ratio	n/a

Volume	6,522
Open	23.72
Previous Close	23.58
Day's Range	23.67 - 23.78
52-Week Low	19.96
52-Week High	24.18
Beta	0.18
Holdings	9
Inception Date	Jan 31, 2023

About LALT

Fund Home Page

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is issued by First Trust.

• Asset Class: Alternatives
• Category: Multistrategy
• Stock Exchange: NYSEARCA
• Ticker Symbol: LALT
• ETF Provider: First Trust

Top Holdings

Name	Symbol	Weight
First Trust Alternative Absolute Return Strategy ETF	FAAR	22.22%
First Trust Managed Futures Strategy Fund	FMF	21.46%
First Trust Long/Short Equity ETF	FTLS	19.55%
First Trust Low Duration Opportunities ETF	LMBS	10.18%
iShares Gold Trust	IAU	8.33%
iShares 7-10 Year Treasury Bond ETF	IEF	7.19%
First Trust Global Tactical Commodity Strategy Fund	FTGC	6.06%
First Trust Merger Arbitrage ETF	MARB	4.85%
Cash	n/a	0.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$0.3239	Dec 31, 2025
Jun 26, 2025	$0.0817	Jun 30, 2025
Mar 27, 2025	$0.0577	Mar 31, 2025
Dec 13, 2024	$0.3573	Dec 31, 2024
Jun 27, 2024	$0.0752	Jun 28, 2024
Dec 22, 2023	$0.3891	Dec 29, 2023

Performance

LALT had a total return of 13.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.23%.