LALT Performance — First Trust Multi-Strategy Alternative ETF
Data updated: 2026-07-22
LALT returned +10.83% year to date and +22.94% over one year to May 2026. The annualised 3-year return is +10.70%. Against its US Multi-Cap Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $136, against $147 for the category, and to $123 over one year, against $119. Volatility over the past three years was 4.63% a year. In the 12 months to May 2026 the fund took in a net $41.5M, and assets reached $65.46M.
LALT Growth of $100
What $100 invested in First Trust Multi-Strategy Alternative ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | LALT | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $123 | $119 |
| 3 years (Jun 2023 – May 2026) | $136 | $147 |
| Since data start (Jan 2023 – May 2026) | $135 | $153 |
LALT Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.83% |
| 1 year | +22.94% |
| 3 years (annualised) | +10.70% |
LALT Annual Returns
Calendar-year total returns of First Trust Multi-Strategy Alternative ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +10.83% |
| 2025 | +10.68% |
| 2024 | +8.75% |
| 2023 | +0.83% |
LALT Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.1% | +2.5% | +2.1% | +2.0% | −0.3% | — | — | — | — | — | — | — |
| 2025 | +1.9% | −0.6% | +0.1% | −2.0% | +0.4% | +2.0% | +1.5% | +2.4% | +3.2% | +0.5% | +1.2% | −0.3% |
| 2024 | +1.4% | +1.7% | +2.2% | −1.5% | +0.2% | +1.1% | +0.9% | 0.0% | +0.7% | −0.1% | +1.8% | +0.1% |
| 2023 | 0.0% | −1.1% | +0.8% | +0.1% | −0.6% | +0.2% | +2.0% | +0.1% | −0.5% | −1.1% | +1.1% | −0.1% |
LALT Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.63%
- 3-year Sharpe ratio: 1.34 (vs 4.5% risk-free rate)
- Best month: +4.13% (Jan 2026)
- Worst month: −1.98% (Apr 2025)
LALT Fund Flows
Monthly money in and out of First Trust Multi-Strategy Alternative ETF, from SEC Form N-PORT.
- 12-month net flow: $41.5M
- 12-month gross sales (incl. reinvestments): $48.7M
- Sales ÷ redemptions: 6.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.9M | $0 | $4.9M |
| Apr 2026 | $12.3M | $0 | $12.3M |
| Mar 2026 | $8.5M | $6.1M | $2.4M |
| Feb 2026 | $7.2M | $0 | $7.2M |
| Jan 2026 | $1.2M | $0 | $1.2M |
| Dec 2025 | $5.7M | $0 | $5.7M |
| Nov 2025 | $1.2M | $0 | $1.2M |
| Oct 2025 | $1.1M | $0 | $1.1M |
| Sep 2025 | $3.4M | $0 | $3.4M |
| Aug 2025 | $2.2M | $1.1M | $1.1M |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $1.0M | $0 | $1.0M |
LALT Assets Under Management
Net assets of First Trust Multi-Strategy Alternative ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $65.46M |
| 2026-02-28 | $44.94M |
| 2025-11-30 | $28.93M |
| 2025-08-31 | $22.05M |
| 2025-05-31 | $18.79M |
| 2025-02-28 | $15.94M |
| 2024-11-30 | $12.79M |
| 2024-08-31 | $10.42M |
| 2024-05-31 | $8.19M |
| 2024-02-29 | $5.07M |
| 2023-11-30 | $2.01M |
| 2023-08-31 | $1.01M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.