First Trust Multi-Strategy Alternative ETF
LALT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 2, 2023
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Multi-Strategy Alternative ETF (LALT) is an actively managed exchange-traded fund that seeks long-term total return by investing primarily in other exchange-traded products, including ETFs and ETNs, to gain exposure to a diversified set of alternative asset categories and strategies such as hedged equity; long/short equity; event-driven, including merger arbitrage; managed futures; commodities; real estate; opportunistic fixed income; relative value; currencies; and global macro. The fund, a series of First Trust Exchange-Traded Fund VIII, operates as a fund-of-funds designed to deliver lower correlation and more diversified risk exposures relative to traditional equity and fixed income benchmarks like the S&P 500 Index or Bloomberg Aggregate Bond Index across various market cycles. LALT was launched on January 31, 2023, and trades on NYSE Arca; it is domiciled in the United States with its sponsor, First Trust Advisors L.P., headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. First Trust, founded through predecessor firms dating back to the 1960s, manages approximately $190 billion in assets across ETFs, unit investment trusts, mutual funds, closed-end funds, and separate managed accounts. The ETF targets institutional and retail investors seeking alternative strategies to enhance portfolio diversification beyond conventional stocks and bonds, with holdings concentrated in other First Trust products such as the First Trust Long/Short Equity ETF, First Trust TCW Unconstrained Plus Bond ETF, and First Trust Merger Arbitrage ETF. Since its inception, LALT has maintained its multi-strategy focus without reported major changes, including no significant acquisitions, partnerships, funding rounds, new product launches specific to the fund, or strategic shifts as of late 2025; it continues to emphasize active allocation based on risk-return profiles and correlations to traditional markets.