LALT Profile
The LALT ETF (FT Multi-Strategy Alternative ETF) is an actively managed fund that aims to provide investors with exposure to various alternative investment strategies. The fund invests in a variety of assets, including long/short equity, global macro, event-driven, fixed income arbitrage, and managed futures strategies. The objective of the fund is to provide investors with risk-adjusted returns that are uncorrelated to traditional asset classes such as equities and fixed income.
The LALT ETF is managed by First Trust Advisors, a leading provider of ETFs and other investment products. The fund is designed to be used as a complement to traditional equity and fixed income holdings, providing investors with additional diversification and risk management benefits.
As of September 2021, the LALT ETF had total assets of approximately $230 million and an expense ratio of 0.95%. The fund's top holdings include the Invesco QQQ Trust, the SPDR S&P 500 ETF Trust, and the iShares 20+ Year Treasury Bond ETF. The fund is traded on the NASDAQ stock exchange under the ticker symbol LALT.
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