LALT vs. AVGE ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Avantis All Equity Markets ETF (AVGE)

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

$21.25

Average Daily Volume

3,958

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

AVGE

Avantis All Equity Markets ETF

AVGE Description

Avantis All Equity Markets ETF is an exchange traded fund launched and managed by American Century Investment Management Inc. The fund invests in public equity markets of global region. The fund invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Avantis All Equity Markets ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$75.82

Average Daily Volume

21,732

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	LALT	AVGE
30 Days	1.29%	3.59%
60 Days	1.65%	3.66%
90 Days	1.60%	4.83%
12 Months	7.78%	26.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in AVGE	Overlap

LALT Overweight 8 Positions Relative to AVGE

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

LALT Underweight 11 Positions Relative to AVGE

	Symbol	Grade	Weight
	AVUS	A	-44.55%
	AVLV	A	-15.32%
	AVDE	D	-9.89%
	AVEM	D	-5.84%
	AVIV	C	-4.93%
	AVUV	A	-4.02%
	AVSC	B	-3.52%
	AVES	D	-3.46%
	AVRE	C	-2.77%
	AVDV	C	-1.1%
	AVDS	D	-0.95%

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

AVGE: Top Represented Industries & Keywords

Industries:

Keywords: Stock Fund Currency Exchange Traded Fund Exchange Traded Funds Financial Instrument SPDR Swaps Synthetic Replication Wagering Financial Market American Depositary Receipt Banking Frontier Markets Global Depository Receipt Investment Trust Mortgage Real Estate Investment Trusts Mutual Fund Private Equity Private Sector Real Estate Investment Trust