LALT — First Trust Multi-Strategy Alternative ETF
Data updated: 2026-07-22
LALT — First Trust Multi-Strategy Alternative ETF. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
LALT Fund Overview
LALT — First Trust Multi-Strategy Alternative ETF is a US ETF managed by First Trust Exchange-Traded Fund VIII, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: First Trust Exchange-Traded Fund VIII
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $65.46M
- 1-year return: 22.9%
- Ticker: LALT
- SEC CIK: 0001667919
- SEC series ID: S000079512
- Share class ID: C000240568
LALT Holdings
Top 8 holdings of First Trust Multi-Strategy Alternative ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First Trust Exchange-Traded Fund V | 21.58% |
| First Trust Exchange-Traded Fund Vii | 21.20% |
| First Trust Exchange-Traded Fund III | 20.81% |
| First Trust Exchange-Traded Fund IV | 10.32% |
| First Trust Exchange-Traded Fund Vii | 7.97% |
| Ishares Trust | 7.30% |
| Franklin Templeton ETF Trust | 6.90% |
| Ishares Gold Trust | 3.83% |
LALT Portfolio Allocation
Asset-class allocation of First Trust Multi-Strategy Alternative ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
LALT Performance
Total returns for LALT (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.8% |
| 1 year | 22.9% |
| 3 years (annualised) | 10.7% |
LALT Risk Information
Risk metrics for LALT, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
LALT Costs and Fees
LALT costs about $118 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.18%
- Gross expense ratio: 1.18%
- Portfolio turnover: 31%
- Brokerage commissions: 2.10 bps of average net assets (SEC N-CEN)
LALT Cashflows
Over the 12 months to 2026-05, First Trust Multi-Strategy Alternative ETF had net inflows of $41.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $4.95M |
| 2026-04 | $12.25M |
| 2026-03 | $2.45M |
| 2026-02 | $7.19M |
| 2026-01 | $1.17M |
| 2025-12 | $5.72M |
LALT Debt Constituents
No individual debt constituents are reported in First Trust Multi-Strategy Alternative ETF's latest SEC N-PORT filing.
LALT Prospectus and SEC Filings
Official First Trust Multi-Strategy Alternative ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-30
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-07-22
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2025-11-12
- Annual census, amended (N-CEN/A) — filed 2025-07-24
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.