LALTFirst Trust Multi-Strategy Alternative ETF

Diversifier3y track recordRanked #154 of 240 in this goal

Seeks long-term total return.

By First Trust · Launched 2023

Annual Cost

1.18%

#5,226 of 5,562 · expensive

Fund Size

$65M

#3,326 of 5,562 · mid-size

Return (1Y)Goal

+17.9%

Track Record

3 years

#2,916 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$11,835+18.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Multi strategy

What it actually holds

By weight

Concentration

Top 8 holdings = 99.9% of fund✓ diversified through underlying funds

First Trust Managed Futures Strategy Fund

21.2%

First Trust Alternative Absolute Return Strategy ETF

21.0%

First Trust Long/Short Equity ETF

20.1%

First Trust Low Duration Opportunities ETF

10.4%

iShares Gold Trust

8.6%

iShares 7-10 Year Treasury Bond ETF

7.4%

First Trust Global Tactical Commodity Strategy Fund

6.2%

First Trust Merger Arbitrage ETF

5.0%

Asset allocation

Cash

50.9%

Stocks

22.5%

Bonds

16.8%

Other

9.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

7.0%Low

Year-on-year price swings

Max drawdown

-7.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.00Decent risk-adjusted returns

Sortino (3Y)

1.44Good downside protection

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks long-term total return.
Strategy: Actively managed fund allocating assets across various alternative strategies to provide lower correlation and diversify risk compared to traditional equity and fixed income. Strategies include hedged equity, long/short, event driven, managed futures, and more, primarily through exchange-traded products.
Inception date: January 31, 2023
Fund family: First Trust