# First Trust Multi-Strategy Alternative ETF (LALT): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lalt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2023-01-31 The First Trust Multi-Strategy Alternative ETF (LALT) is designed to achieve the primary goal of generating overall long-term returns. This actively managed exchange-traded fund strives towards its investment objective by strategically distributing its capital among a wide variety of non-traditional asset classes and investment approaches. The intention behind this strategy is to provide investors with diminished correlation and broader risk diversification when measured against standard equity and fixed income benchmarks, like the S&P 500 Index or the Bloomberg Aggregate Bond Index, aiming... ## Key Facts | Metric | Value | |---|---| | Price | $24.88 | | Expense Ratio | 0.20% | | Assets Under Management | $436.2M | | NAV | $24.78 | | Holdings Count | 7 | | Distribution Yield (TTM) | 3.95% | | Annual Distribution (TTM) | $0.98 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $22.56 – $25.18 | | Beta | 0.15 | ## Latest Distribution - Amount: $0.0809 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does LALT invest in? The First Trust Multi-Strategy Alternative ETF (LALT) is designed to achieve the primary goal of generating overall long-term returns. This actively managed exchange-traded fund strives towards its investment objective by strategically distributing its capital among a wide variety of non-traditional asset classes and investment approaches. The intention behind this strategy is to provide investors with diminished correlation and broader risk diversification when measured against standard equity and fixed income benchmarks, like the S&P 500 Index or the Bloomberg Aggregate Bond Index, aiming for consistent performance through diverse economic conditions. ### What is the expense ratio of LALT? First Trust Multi-Strategy Alternative ETF (LALT) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations. ### What is LALT's dividend yield? LALT's trailing-twelve-month yield is 3.95%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of LALT? Effective duration measures LALT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LALT's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of LALT? LALT's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of LALT? Yield to maturity (YTM) is the total return you'd earn from LALT if every bond in the portfolio is held to maturity at the current price. LALT's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does LALT pay a dividend? Yes, First Trust Multi-Strategy Alternative ETF (LALT) distributes dividends to shareholders. The trailing-twelve-month yield is 3.95%. Full dividend history is on this page. ### How often does LALT pay dividends? First Trust Multi-Strategy Alternative ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is LALT's next ex-dividend date? The most recently announced ex-dividend date for LALT was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will LALT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.20% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LALT charge its expense ratio? The expense ratio is deducted in tiny daily slices from LALT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LALT cost more than a fund like VOO? LALT is actively managed (current expense ratio 0.20%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether LALT's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to LALT? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LALT (0.20%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lalt - Distribution history: https://www.dividenddata.com/funds/lalt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lalt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lalt/expenses - Peer comparison: https://www.dividenddata.com/funds/lalt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.