ATLASFirst Trust Multi-Strategy Alternative ETF (LALT): outlook, holdings and fees
First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund and is managed by First Trust. The expense ratio is 1.85% and the yield is 4.02%. The ten largest holdings are 101% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on LALT
| Last price | $24.62 (-0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 68% |
| Likely 1-month range (50%) | $24.55 – $24.96 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 4.02% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
LALT fund facts
| Issuer | First Trust |
|---|---|
| Theme | Other strategies |
| Assets under management | $428M |
| Expense ratio | 1.85% |
| Number of holdings | 7 |
| Portfolio turnover | 17% |
| Inception | Jan 31, 2023 |
| Exchange | NYSE |
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by allocating its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500® Index or Bloomberg Aggregate Bond Index) over various market cycles. The fund is non-diversified.
LALT top holdings
| Holding | Sector | Weight |
|---|---|---|
| First Trust Alternative Absolute Return Strategy ETF FAAR | – | 22.15% |
| First Trust Long/Short Equity ETF FTLS | – | 21.75% |
| First Trust Managed Futures Strategy Fund FMF | – | 22.07% |
| First Trust Low Duration Opportunities ETF LMBS | – | 10.68% |
| Franklin Liberty Systematic Style Premia ETF FLSP | – | 9.21% |
| First Trust Global Tactical Commodity Strategy Fund FTGC | – | 7.71% |
| iShares 7-10 Year Treasury Bond ETF IEF | – | 7.80% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
LALT sector breakdown
| Sector | Weight |
|---|---|
| Technology | 29.1% |
| Financial Services | 22.9% |
| Healthcare | 9.6% |
| Industrials | 8.7% |
| Communication Services | 6.9% |
| Consumer Cyclicals | 6.4% |
| Energy | 5.3% |
| Consumer Defensive | 4.2% |
| Basic Materials | 4.0% |
| Real Estate | 2.0% |
| Utilities | 1.0% |
By region: North America 90.0%, United Kingdom 3.7%, Europe Developed 2.5%, Japan 1.5%, Africa/Middle East 0.9%.
LALT returns and risk
| Year to date | +12.5% |
|---|---|
| 1 year | +13.7% |
| 3 years (annualised) | +11.0% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.0% |
| Sharpe ratio (3 years) | 1.11 |
Past returns do not guarantee future results.
LALT: frequently asked questions
What does LALT invest in?
First Trust Multi-Strategy Alternative ETF invests in a portfolio of securities. Its largest holdings are First Trust Alternative Absolute Return Strategy ETF (22.1%), First Trust Long/Short Equity ETF (21.8%), First Trust Managed Futures Strategy Fund (22.1%), First Trust Low Duration Opportunities ETF (10.7%), Franklin Liberty Systematic Style Premia ETF (9.2%).
What is the LALT expense ratio?
1.85% a year: about $185.00 for every $10,000 invested.
What is the LALT dividend yield?
4.02%. ATLAS does not hold the exact distribution dates for ETFs.
Will LALT go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 68%, with a likely range (50%) of $24.55 to $24.96 from $24.62 today. It is a probability, not a prediction.
How has LALT performed?
Year to date +12.5%, one year +13.7%, three years +11.0% a year, five years 0.0% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer