First Trust Multi-Strategy Alternative ETF
LALTNYSEARCAFirst TrustAlternative
As of Oct 23, 2026 close
- Assets (AUM)
- $389.26M
- Expense ratio
- 1.18%
- Dividend yield
- 3.96%
- Holdings
- 8
- 52-week range
- $22.56$25.18
- Volume (live)
- -
- Avg. volume (3M)
- 142.89K
LALT ETF: First Trust Multi-Strategy Alternative ETF - Price, Holdings & Analysis
First Trust Multi-Strategy Alternative ETF Price Chart
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Financial Metrics & Key Statistics
Fund characteristics, expense ratio, dividend yield, and performance metrics
| Day's Range | $24.81 - $24.86 |
|---|---|
| 52-Week High | $25.18 |
| 52-Week Low | $22.56 |
| Open | $24.81 |
| Volume (last close) | 130.73K |
| Average Volume (3M) | 142.89K |
| 1 Day Change | −0.32% |
|---|---|
| 1 Month Change | −0.40% |
| 6 Month Change | +0.52% |
| YTD Change | +8.63% |
| 1 Year Change | +7.60% |
| Annual Dividend | $0.98 |
|---|---|
| Dividend Yield | 3.96% |
| Last Dividend Ex-Date | Sep 24, 2026 |
| Dividend Growth YoY | +97.79% |
| Assets (AUM) | $389.26M |
|---|---|
| Expense Ratio | 1.18% |
| Total Holdings | 8 |
| Inception Date | Jan 30, 2023 |
| 50-Day MA | $24.66 |
|---|---|
| 200-Day MA | $24.36 |
| RSI | 54.28 |
| Stochastic %K | 60.00 |
| Stochastic %D | 64.65 |
Source: Exchange price data and fund disclosures. Data as of Oct 23, 2026. Data sources and methodology
LALT at a Glance
First Trust Multi-Strategy Alternative ETF (LALT) is an alternative ETF from First Trust, launched in January 2023. It manages $389.26M in assets and charges a 1.18% expense ratio, about $118 a year per $10,000 invested.
As of its Oct 4, 2026 holdings, it holds 8 positions. The largest are First Trust Long/Short Equity ETF (NYSE ARCA:FTLS, 21.80%), First Trust Alternative Absolute Return Strategy ETF (#FAAR, 21.52%) and First Trust Long/Short Equity ETF (#FTLS, 21.43%). The top 10 holdings make up 168.2% of the fund. By sector it leans toward Technology (28.5%), Financials (23.0%) and Healthcare (9.9%). 99.0% of assets are in the United States.
It pays distributions yielding 3.96% at the Oct 23, 2026 close, $0.98 per share over the trailing 12 months. As of the Oct 23, 2026 close, the share price is up 7.6% over one year (price change, excluding distributions).
Frequently Asked Questions About First Trust Multi-Strategy Alternative ETF
What is the current price of LALT?
The latest LALT price is $24.88 (Oct 23, 2026 close). The 52-week range is $22.56–$25.18. The share price is up 7.6% over the past year (price change, excluding distributions).
What is the expense ratio for LALT?
LALT's annual expense ratio is 1.18%. This represents the yearly cost of holding the fund, deducted from total returns. Compare with similar Alternative ETFs in the ETF Screener.
Does LALT pay dividends?
Yes, LALT pays a 3.96% dividend yield (trailing 12 months, at the Oct 23, 2026 close). The most recent ex-dividend date was September 24, 2026. View full dividend history in the Dividends section.
What are the top holdings of LALT?
As of Oct 4, 2026, LALT's largest holdings are First Trust Long/Short Equity ETF (21.8%), First Trust Alternative Absolute Return Strategy ETF (21.5%), First Trust Long/Short Equity ETF (21.4%) (combined weight: 64.8%). The fund holds 8 total positions. View the complete portfolio breakdown in the Holdings section.
How does LALT compare to similar ETFs?
Compare LALT (1.18% expense ratio, $389M AUM) against similar Alternative ETFs using the ETF Screener. Filter by expense ratio, dividend yield, and performance to find alternatives.