First Trust Multi-Strategy Alternative ETF (LALT)

The LALT ETF (FT Multi-Strategy Alternative ETF) is an actively managed fund that aims to provide investors with exposure to various alternative investment strategies. The fund invests in a variety of assets, including long/short equity, global macro, event-driven, fixed income arbitrage, and managed futures strategies. The objective of the fund is to provide investors with risk-adjusted returns that are uncorrelated to traditional asset classes such as equities and fixed income.

The LALT ETF is managed by First Trust Advisors, a leading provider of ETFs and other investment products. The fund is designed to be used as a complement to traditional equity and fixed income holdings, providing investors with additional diversification and risk management benefits.

The fund's top holdings include the Invesco QQQ Trust, the SPDR S&P 500 ETF Trust, and the iShares 20+ Year Treasury Bond ETF. The fund is traded on the NASDAQ stock exchange under the ticker symbol LALT.