LALT vs. GHMS ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Goose Hollow Multi-Strategy Income ETF (GHMS)

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

$20.94

Average Daily Volume

1,858

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

GHMS

Goose Hollow Multi-Strategy Income ETF

GHMS Description

The fund is an actively managed exchange traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of fixed income ETFs ("underlying funds"). The underlying funds in which the fund invests each primarily invest in (1) corporate bonds of U.S. and foreign issuers (2) U.S. and foreign government securities, and (3) agency and mortgage-backed securities.

Grade (RS Rating)

Last Trade

$26.18

Average Daily Volume

2,051

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

Performance

Period	LALT	GHMS
30 Days	-0.05%	-1.89%
60 Days	1.06%	-0.63%
90 Days	1.89%	0.69%
12 Months	7.11%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in GHMS	Overlap

LALT Overweight 8 Positions Relative to GHMS

	Symbol	Grade	Weight
	FTLS	A	21.74%
	FAAR	D	21.42%
	FMF	D	21.32%
	UCON	C	12.22%
	IAU	A	8.42%
	FTHI	A	5.03%
	MARB	F	4.94%
	IEF	D	4.79%

LALT Underweight 12 Positions Relative to GHMS

	Symbol	Grade	Weight
	WIP	D	-14.75%
	VMBS	C	-9.69%
	PFFV	A	-7.5%
	IVOL	F	-7.44%
	EDD	D	-5.27%
	JPST	C	-3.72%
	TEI	D	-2.32%
	EMD	D	-2.3%
	AGNC	D	-2.21%
	AGNCN	A	-1.9%
	EDF	C	-1.39%
	XHLF	A	-0.43%

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

GHMS: Top Represented Industries & Keywords

Industries: REIT - Residential

Keywords: Exchange Traded Fund ETF Bond Structured Finance Financial Market Mortgage Backed Security Bond Market Bond Markets In East Asia And South East Asia Currency Debt Securities Emerging Market Inflation Mutual Fund Repurchase Agreement U.S. Treasury Accredited Investor American Capital American Depositary Receipt Asset And Liability Management Banking