LALTFirst Trust Multi-Strategy Alternative ETF
Seeks long-term total return.
By First Trust · Launched 2023
Annual Cost
1.18%
#5,479 of 5,861 · expensive
Fund Size
$248M
#2,184 of 5,861 · mid-size
Return (1Y)Goal
+16.0%
Track Record
3 years
#2,844 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,608+16.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeStrategy
Multi strategy
What it actually holds
By weightConcentration
Top 8 holdings = 99.8% of fund✓ diversified through underlying funds
FIRST TRUST EXCHANGE-TRADED FUND VII
22.4%
First Trust Exchange-Traded Fund V
21.6%
First Trust Exchange-Traded Fund III
18.7%
First Trust Exchange-Traded Fund IV
9.9%
Ishares Gold Trust
9.1%
iShares Trust
7.2%
FIRST TRUST EXCHANGE-TRADED FUND VII
6.2%
First Trust Exchange-Traded Fund III
4.7%
Asset allocation
Cash
54.3%
Stocks
23.2%
Bonds
17.0%
Other
5.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.0%Low
Year-on-year price swings
Max drawdown
-21.6%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.88Decent risk-adjusted returns
Sortino (3Y)
1.26Good downside protection
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks long-term total return.
- Strategy
- Actively manages a portfolio of alternative asset categories and strategies to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks. Investments may include hedged equity, long/short, managed futures, commodities, and real estate, among others.
- Inception date
- January 31, 2023
- Fund family
- First Trust
Similar funds
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Data updated on 2026-08-04