Dividend-adjusted total return · Dec 31, 2025 – Nov 4, 2026LALT
First Trust Multi-Strategy Alternative ETFLALT
$24.49
−0.4% last session
+10.4% YTD
Data as of 11/4/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | −0.4% | −1.4% | +1.5% | +10.4% | +11.3% | +34.3% | — | +34.3% |
| S&P 500 · VOO | +1.6% | −1.6% | 0.0% | +13.4% | +13.5% | +91.7% | +81.2% | — |
Key Statistics
Open all fund facts →- AUM
- $439M
- Expense ratio
- 0.20%
- Distribution yield
- 4.0%
- NAV
- $24.52
- Volume
- 166K
- Avg. volume 30D
- 152K
- High today
- $24.65
- Low today
- $24.39
- Previous close
- $24.60
- 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 5, 2026 · 1 ETFs by YTD
$10,000 in LALT
5Y$10,000 in LALT became
$13,434
In the S&P 500 (VOO)
$19,346
Total return, dividends in · Feb 2, 2023 – Nov 4, 2026 · S&P 500 uses VOO
LALT’s Top Holdings
TodayFAARFirst Trust Alternative Absolute Return Strategy ETF21.5%FTLS21.3%FMF21.3%LMBS10.7%FLSP9.7%FTGC7.7%IEF7.7%
FAARFirst Trust Alternative Absolute Return Strategy ETF21.5%FTLS21.3%FMF21.3%LMBS10.7%FLSP9.7%FTGC7.7%IEF7.7%Other
Financial Services
First Trust LALT · 7 holdings · tile size = share of the fund · as of Nov 4, 2026
What LALT Holds
TodayTechnology29.7%
[…]
Financial Services99.8%
FAAR 21.5 · FTLS 21.3 · FMF 21.3 · LMBS 10.7 · FLSP 9.7 · FTGC 7.7 · 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 4, 2026
First’s Share of LALT
Today21.5%
$215 of every $1,000 in LALT is First
First held by LALT
$94.3M
Most First per dollar
First Trust LALT · each square = $10 of $1,000 · as of Nov 4, 2026
LALT’s Size vs Its Peers
Today$439Mthe largest ETF
AUM · LALT and the 0 largest peers · Nov 5, 2026
LALT Fee per $100 vs Peers
TodayExpense ratio · peers · Nov 5, 2026
Inside LALT
7 holdings · as of Nov 4, 2026LALT
First Trust Multi-Strategy Alternative ETF
Today| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | FAAR | First Trust Alternative Absolute Return Strategy ETF | 21.49% |
| 2 | FTLS | First Trust Long/Short Equity ETF | 21.33% |
| 3 | FMF | First Trust Managed Futures Strategy Fund | 21.26% |
| 4 | LMBS | First Trust Low Duration Opportunities ETF | 10.67% |
| 5 | FLSP | Franklin Systematic Style Premia ETF | 9.66% |
| 6 | FTGC | First Trust Global Tactical Commodity Strategy Fund | 7.72% |
| 7 | IEF | iShares 7-10 Year Treasury Bond ETF | 7.71% |
TechnologyFinancial ServicesHealthcareIndustrialsCommunication ServicesConsumer CyclicalEnergyConsumer DefensiveBasic MaterialsReal EstateUtilities
First Trust LALT · current holdings by weight · as of Nov 4, 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 5, 2026 · sorted by AUM
Head to Head
LALT vs VOO
YTDLALT · First Trust Multi-Strategy Alternative
+10.4%
VOO · S&P 500
+13.4%
Gap
3.0 pts
First Trust LALT and Vanguard VOO · YTD total return · as of Nov 5, 2026
LALT vs Its Peer Average
YTDLALTAvsBPeer average
1D−0.4%[…]
1M−1.4%[…]
3M+1.5%[…]
YTD+10.4%[…]
1Y+11.3%[…]
3Y+34.3%[…]
0–0level
0 peers · each row scaled to its leader
The Details
LALT
Risk
1Y4/5our risk indicator
CalmerBumpier
Volatility · 1Y6.72%
Deepest drop · 1Y−3.7%
Lowest point · 5Y−1.3%
52-week range
$24.49
$22.56−2.7% from the high$25.18
First Trust LALT · past-year price moves · as of Nov 5, 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 5, 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 today166K
Average volume · 30D152K
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 |
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