Dividend-adjusted total return · S&P 500 uses VOO · Oct 31, 2025 – Nov 3, 2026LALTS&P 500 · VOO
First Trust Multi-Strategy Alternative ETFLALT
$24.60
+0.1% last session
+10.9% YTD
Data as of 11/3/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.1% | −0.5% | +2.4% | +10.9% | +12.1% | +34.6% | — | +34.9% |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $439M
- Expense ratio
- 0.20%
- Distribution yield
- 4.0%
- NAV
- $24.52
- Volume
- 157K
- Avg. volume 30D
- 150K
- High today
- $24.67
- Low today
- $24.54
- Previous close
- $24.58
- 52-week high
- $25.18
- 52-week low
- $22.56
- Our risk indicator
- 4/5
LALT in One Breath
LALT Among Its Peers
YTDEnd-of-day Nov 4, 2026 · 1 ETFs by YTD
$10,000 in LALT
5Y$10,000 in LALT became
$13,494
In the S&P 500 (VOO)
$19,038
Total return, dividends in · Feb 2, 2023 – Nov 3, 2026 · S&P 500 uses VOO
LALT’s Top Holdings
TodayFAARFirst Trust Alternative Absolute Return Strategy ETF21.6%FMF21.3%FTLS21.2%LMBS10.6%FLSP9.6%FTGC7.8%IEF7.7%
FAARFirst Trust Alternative Absolute Return Strategy ETF21.6%FMF21.3%FTLS21.2%LMBS10.6%FLSP9.6%FTGC7.8%IEF7.7%Other
Financial Services
First Trust LALT · 7 holdings · tile size = share of the fund · as of Nov 3, 2026
What LALT Holds
TodayTechnology29.7%
[…]
Financial Services99.9%
FAAR 21.6 · FMF 21.3 · FTLS 21.2 · LMBS 10.6 · FLSP 9.6 · FTGC 7.8 · IEF 7.7
Healthcare9.6%
[…]
Industrials8.4%
[…]
Communication Services7.0%
[…]
Consumer Cyclical6.6%
[…]
Energy5.0%
[…]
First Trust LALT · share of the fund by sector · as of Nov 3, 2026
First’s Share of LALT
Today21.6%
$216 of every $1,000 in LALT is First
First held by LALT
$94.7M
Most First per dollar
First Trust LALT · each square = $10 of $1,000 · as of Nov 3, 2026
LALT’s Size vs Its Peers
Today$439Mthe largest ETF
AUM · LALT and the 0 largest peers · Nov 4, 2026
LALT Fee per $100 vs Peers
TodayExpense ratio · peers · Nov 4, 2026
Inside LALT
7 holdings · as of Nov 3, 2026LALT
First Trust Multi-Strategy Alternative ETF
Today| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | FAAR | First Trust Alternative Absolute Return Strategy ETF | 21.58% |
| 2 | FMF | First Trust Managed Futures Strategy Fund | 21.33% |
| 3 | FTLS | First Trust Long/Short Equity ETF | 21.25% |
| 4 | LMBS | First Trust Low Duration Opportunities ETF | 10.57% |
| 5 | FLSP | Franklin Systematic Style Premia ETF | 9.62% |
| 6 | FTGC | First Trust Global Tactical Commodity Strategy Fund | 7.82% |
| 7 | IEF | iShares 7-10 Year Treasury Bond ETF | 7.69% |
TechnologyFinancial ServicesHealthcareIndustrialsCommunication ServicesConsumer CyclicalEnergyConsumer DefensiveBasic MaterialsReal EstateUtilities
First Trust LALT · current holdings by weight · as of Nov 3, 2026 · each tile is one holding
How It Compares
LALT
First Trust Multi-Strategy Alternative ETF’s Peers
YTDLALT has no close peers in our data yet: […]
Similar peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
LALT vs VOO
YTDLALT · First Trust Multi-Strategy Alternative
+10.9%
VOO · S&P 500
+11.5%
Gap
0.7 pts
First Trust LALT and Vanguard VOO · YTD total return · as of Nov 4, 2026
LALT vs Its Peer Average
YTDLALTAvsBPeer average
1D+0.1%[…]
1M−0.5%[…]
3M+2.4%[…]
YTD+10.9%[…]
1Y+12.1%[…]
3Y+34.6%[…]
0–0level
0 peers · each row scaled to its leader
The Details
LALT
Risk
1Y4/5our risk indicator
CalmerBumpier
Volatility · 1Y6.71%
Deepest drop · 1Y−3.7%
Lowest point · 5Y−1.3%
52-week range
$24.60
$22.56−2.3% from the high$25.18
First Trust LALT · past-year price moves · as of Nov 4, 2026
LALT
Fund Facts
Today2023launched Jan 31
Tracks[…]
Exchange · CUSIPAMEX · 33740F490
StructureETF
Leverage1x
Cost on $10,000$20 a year
Go deeper
First Trust LALT · fund facts · as of Nov 4, 2026
LALT
Payouts by Year
4Y$0.0809per share, Sep 2026
Distribution yield4.0%
PaidEvery quarter
Latest ex-date · paidSep 24 · Sep 30, 2026
10 payouts added up$2.04 a share
First Trust LALT · distributions by ex-date · 2023–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Trading & Liquidity
Net asset value$24.52
Premium / discount[…]
Median spread · 30D[…]
Volume today157K
Average volume · 30D150K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.20%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$20.00
Our risk indicator4/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Sep 24, 2026 | Sep 30, 2026 | $0.0809 |
| Jun 25, 2026 | Jun 30, 2026 | $0.0737 |
| Mar 26, 2026 | Mar 31, 2026 | $0.50 |
| Dec 12, 2025 | Dec 31, 2025 | $0.32 |
| Jun 26, 2025 | Jun 30, 2025 | $0.0817 |
| Mar 27, 2025 | Mar 31, 2025 | $0.0577 |
| Dec 13, 2024 | Dec 31, 2024 | $0.36 |
| Jun 27, 2024 | Jun 28, 2024 | $0.0752 |
| Dec 22, 2023 | Dec 29, 2023 | $0.39 |
| Jun 27, 2023 | Jun 30, 2023 | $0.0924 |
Issuer contentFrom First TrustHear the strategy from the people behind LALT.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →