LALT vs. LEXI ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Alexis Practical Tactical ETF (LEXI)

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

LEXI

Alexis Practical Tactical ETF

LEXI Description

The investment seeks total return primarily through long-term capital appreciation, with income and capital preservation as secondary objectives. In seeking to achieve its investment objective, the fund has the flexibility to allocate its assets in markets around the world and among various asset classes and strategies, including equity, fixed-income, commodities (including precious metals), real estate investment trusts (“REITs”), alternative strategies (including merger arbitrage, convertible bond and options-based) and cash and cash equivalents.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

2,953

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	LALT	LEXI
30 Days	1.29%	2.46%
60 Days	1.65%	3.07%
90 Days	1.60%	4.62%
12 Months	7.78%	25.67%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in LEXI	Overlap

LALT Overweight 8 Positions Relative to LEXI

	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 21 Positions Relative to LEXI

	Symbol	Grade	Weight
	MDY	A	-6.02%
	IOO	C	-5.79%
	RSP	A	-5.78%
	MTUM	A	-5.77%
	QQQ	B	-5.72%
	VIG	A	-5.49%
	SHV	A	-3.41%
	MINT	A	-2.14%
	SMH	D	-1.85%
	TSLA	B	-1.46%
	AAPL	C	-1.44%
	NVDA	C	-1.19%
	CAT	B	-1.01%
	TJX	A	-0.99%
	AMAT	F	-0.92%
	V	A	-0.86%
	HD	A	-0.84%
	MAR	B	-0.79%
	MSFT	F	-0.71%
	GOOGL	C	-0.54%
	AMD	F	-0.45%

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

LEXI: Top Represented Industries & Keywords

Industries: Semiconductors Apparel Stores Auto Manufacturers Consumer Electronics Credit Services Farm & Construction Equipment Home Improvement Stores Internet Content & Information Lodging Semiconductor Equipment & Materials Software - Infrastructure

Keywords: S&P 500 ETF Exchange Traded Fund Nasdaq 100 Dow Jones Component Stock Market Index Computing Smartphones Mobile Devices Operating System Semiconductor Artificial Intelligence Bond Bond Fund Bond Market Capitalization Weighted Index Computer Architecture Deep Learning Design Manufacturers Hyperscale