LALT vs. AVMA ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Avantis Moderate Allocation ETF (AVMA)

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

AVMA

Avantis Moderate Allocation ETF

AVMA Description

The fund is a "fund of funds," meaning that it seeks to achieve its objective by investing in other Avantis ETFs (collectively, the underlying funds). The underlying funds represent a broadly diversified basket of equity and fixed income securities that seek to select or overweight securities that are expected to have higher returns or better risk characteristics than a passive, market-cap weighted index. The managers will allocate to the underlying funds across geographies and investment styles to achieve the desired allocation.

Grade (RS Rating)

Last Trade

$60.45

Average Daily Volume

3,628

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	LALT	AVMA
30 Days	1.29%	2.27%
60 Days	1.65%	1.73%
90 Days	1.60%	2.89%
12 Months	7.78%	19.95%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in AVMA	Overlap

LALT Overweight 8 Positions Relative to AVMA

	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 13 Positions Relative to AVMA

	Symbol	Grade	Weight
	AVUS	A	-30.41%
	AVIG	D	-20.9%
	AVSF	C	-10.58%
	AVLV	A	-10.5%
	AVDE	D	-6.68%
	AVEM	D	-4.05%
	AVIV	C	-3.43%
	AVSC	B	-2.66%
	AVUV	A	-2.65%
	AVES	D	-2.17%
	AVRE	C	-1.89%
	AVDV	C	-0.79%
	AVDS	D	-0.53%

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

AVMA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Stock Fund Currency Exchange Traded Funds Financial Instrument SPDR Swaps Synthetic Replication Wagering Financial Market American Depositary Receipt Banking Bloomberg Barclays Us Aggregate Bond Index Bond Collateralized Debt Obligation Credit Rating Agency Frontier Markets Global Depository Receipt Investment Trust Money Market Fund