LALT vs. ARP ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to PMV Adaptive Risk Parity ETF (ARP)

LALT

First Trust Multi-Strategy Alternative ETF

LALT Description

The investment seeks a positive total return that has a low correlation to the broader securities markets. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a combination of equity securities, financial futures contracts, forward currency contracts and other securities. The sub-adviser selects investments for inclusion in the fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (the Benchmark) through a quantitative process that seeks to exceed the Benchmark's performance.

Grade (RS Rating)

Last Trade

$21.19

Average Daily Volume

2,638

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.76

Average Daily Volume

3,265

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	LALT	ARP
30 Days	0.36%	-0.77%
60 Days	1.24%	0.21%
90 Days	1.30%	1.24%
12 Months	7.46%	16.52%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in ARP	Overlap

LALT Overweight 8 Positions Relative to ARP

	Symbol	Grade	Weight
	FTLS	A	22.09%
	FMF	C	21.75%
	FAAR	F	21.36%
	UCON	D	12.24%
	IAU	C	7.75%
	FTHI	B	5.1%
	MARB	F	4.94%
	IEF	F	4.73%

LALT Underweight 5 Positions Relative to ARP

	Symbol	Grade	Weight
	SHV	A	-20.23%
	PHYS	C	-18.55%
	QQQ	B	-5.27%
	USDU	A	-3.11%
	PDBC	C	-1.46%

LALT: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Absolute Return American Depositary Receipt Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Bullion Commercial Mortgage Backed Security Commodity Markets Commodity Pool Covered Call Depositary Receipt Exchange Government Bonds Index Fund Inverse ETF Investment Company Act

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Exchange Traded Products Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Fund Bond Market Bullion Commodity Commodity Markets Commodity Trading Advisor Government Bonds Index Fund Inverse ETF Invesco Powershares Managed Futures Account Mutual Fund Mutual Fund Trust