LALT vs. CEFS ETF Comparison
Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Exchange Listed Funds Trust ETF (CEFS)
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
2,638
8
CEFS
Exchange Listed Funds Trust ETF
CEFS Description
The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.Grade (RS Rating)
Last Trade
$22.15
Average Daily Volume
47,568
89
Performance
| Period | LALT | CEFS |
|---|---|---|
| 30 Days | 0.36% | -0.04% |
| 60 Days | 1.24% | 1.46% |
| 90 Days | 1.30% | 3.95% |
| 12 Months | 7.46% | 29.19% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in CEFS | Overlap |
|---|
LALT Underweight 89 Positions Relative to CEFS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BIGZ | A | -16.16% | |
| GDV | A | -8.03% | |
| PDX | A | -8.02% | |
| ASA | D | -7.98% | |
| ADX | A | -5.7% | |
| BCAT | A | -4.77% | |
| BFZ | D | -4.65% | |
| NFJ | A | -4.6% | |
| GAM | B | -4.11% | |
| ASGI | C | -3.88% | |
| ENX | B | -3.59% | |
| BSTZ | A | -3.54% | |
| EVM | C | -2.95% | |
| NQP | C | -2.81% | |
| NXJ | D | -2.75% | |
| HQL | D | -2.62% | |
| BOE | A | -2.55% | |
| MHI | D | -2.15% | |
| BMEZ | D | -1.98% | |
| HQH | D | -1.85% | |
| GRX | D | -1.73% | |
| AFB | D | -1.68% | |
| MAV | C | -1.6% | |
| TEAF | D | -1.57% | |
| BGY | C | -1.37% | |
| LGI | D | -1.34% | |
| NTG | A | -1.26% | |
| IIF | D | -1.25% | |
| ECF | A | -1.23% | |
| EMO | A | -1.2% | |
| VPV | B | -1.19% | |
| KSM | F | -1.06% | |
| AOD | D | -0.98% | |
| BCX | C | -0.97% | |
| LEO | D | -0.95% | |
| VTN | B | -0.81% | |
| EDD | D | -0.79% | |
| NBH | D | -0.7% | |
| JOF | D | -0.66% | |
| IHD | D | -0.63% | |
| GF | F | -0.61% | |
| PGZ | D | -0.61% | |
| DSM | D | -0.5% | |
| HYB | B | -0.45% | |
| CEV | D | -0.4% | |
| QQQX | B | -0.37% | |
| NDP | A | -0.37% | |
| GLQ | B | -0.36% | |
| CXE | D | -0.36% | |
| BGR | A | -0.36% | |
| BCV | A | -0.3% | |
| DMB | C | -0.28% | |
| FMN | D | -0.25% | |
| EOD | C | -0.24% | |
| PEO | A | -0.23% | |
| CPZ | A | -0.22% | |
| TWN | D | -0.21% | |
| PCK | D | -0.21% | |
| RA | C | -0.17% | |
| GNT | C | -0.17% | |
| TTP | A | -0.17% | |
| VMO | D | -0.16% | |
| MPA | D | -0.11% | |
| AGD | D | -0.11% | |
| FGB | A | -0.09% | |
| SWZ | F | -0.08% | |
| ERH | B | -0.08% | |
| TYG | A | -0.07% | |
| NML | A | -0.05% | |
| VGM | D | -0.04% | |
| GLO | D | -0.04% | |
| GLV | D | -0.03% | |
| HEQ | C | -0.03% | |
| PNI | D | -0.02% | |
| KYN | A | -0.02% | |
| DIAX | A | -0.02% | |
| MYN | C | -0.01% | |
| MFM | D | -0.01% | |
| BTT | D | -0.01% | |
| MXE | F | -0.01% | |
| MUJ | D | -0.0% | |
| BHV | D | -0.0% | |
| MIY | D | -0.0% | |
| NAC | D | -0.0% | |
| VFL | D | -0.0% | |
| BNY | D | -0.0% | |
| RMT | B | -0.0% | |
| MHN | D | -0.0% | |
| MUC | D | -0.0% |
LALT: Top Represented Industries & Keywords
CEFS: Top Represented Industries & Keywords
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