First Trust Multi-Strategy Alternative ETF LALT
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 1.18%
- Net assets
- $65.5M
- Holdings
- 8
- 12-month distribution yield
- 3.97%
- Asset class
- Multi-asset
First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund listed on NYSE Arca in the United States, issued by First Trust. Its category is Multi-asset · US (multi-asset). Its last price was US$24.78 on 20 Oct 2026. Its expense ratio is 1.18% a year, from its prospectus dated 2 Jan 2026. It reported net assets of US$65.46 million as of 31 May 2026. Its latest holdings report lists 8 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$0.98 a unit, a 12-month distribution yield of 3.97%, paid quarterly.
Fees
- Total annual operating expenses (gross)
- 1.18%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.20%
- Prospectus date
- 2 Jan 2026
- Filed with the SEC
- 29 Dec 2025
Size and reporting
- Net assets
- $65,459,780
- Total assets
- $65,470,489
- Holdings as of
- 31 May 2026
- Report made public
- 22 Jul 2026 (52 days after the month end)
Top holdings
Largest 8 of 8 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | First Trust Exchange-Traded Fund V First Trust Managed Futures Strategy Fund | US33739G1031 | 21.58% | $14.1M | Equity (common) | United States | USD |
| 2 | FIRST TRUST EXCHANGE-TRADED FUND VII First Trust Alternative Absolute Return Strategy ETF | US33740Y1010 | 21.20% | $13.9M | Equity (common) | United States | USD |
| 3 | First Trust Exchange-Traded Fund III First Trust Long/Short Equity ETF | US33739P1030 | 20.81% | $13.6M | Equity (common) | United States | USD |
| 4 | First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF | US33739Q2003 | 10.32% | $6.8M | Equity (common) | United States | USD |
| 5 | FIRST TRUST EXCHANGE-TRADED FUND VII First Trust Global Tactical Commodity Strategy Fund | US33739H1014 | 7.97% | $5.2M | Equity (common) | United States | USD |
| 6 | ISHARES TRUST ISHARES TRUST 7-10 YEAR TREASURY BOND ETF | US4642874402 | 7.30% | $4.8M | Equity (common) | United States | USD |
| 7 | Franklin Templeton ETF Trust Franklin Systematic Style Premia ETF | US35473P5465 | 6.90% | $4.5M | Equity (common) | United States | USD |
| 8 | ISHARES GOLD TRUST ISHARES GOLD TRUST ISHARES NEW | US4642852044 | 3.83% | $2.5M | Equity (common) | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Equity (common) | 99.91% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 99.91% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.91% |
Sector
| Sector | Weight | Bar |
|---|---|---|
| Unknown | 3.83% |
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $0.9830
- 12-month yield
- 3.97%
- Frequency
- Quarterly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($0.9830) ÷ latest price ($24.78) × 100 = 3.97%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (10 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.0810 |
| 25 Jun 2026 | $0.0740 |
| 26 Mar 2026 | $0.5040 |
| 12 Dec 2025 | $0.3240 |
| 26 Jun 2025 | $0.0820 |
| 27 Mar 2025 | $0.0580 |
| 13 Dec 2024 | $0.3570 |
| 27 Jun 2024 | $0.0750 |
| 22 Dec 2023 | $0.3890 |
| 27 Jun 2023 | $0.0920 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000079512) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- LALT and FREI Fidelity Real Estate Income ETF
- LALT and AOR iShares Core 60/40 Balanced Allocation ETF
- LALT and AOA iShares Core 80/20 Aggressive Allocation ETF
- LALT and AOM iShares Core 40/60 Moderate Allocation ETF