CEFS vs. LALT ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to First Trust Multi-Strategy Alternative ETF (LALT)
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

$22.16

Average Daily Volume

47,568

Number of Holdings *

105

* may have additional holdings in another (foreign) market
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

$21.19

Average Daily Volume

2,638

Number of Holdings *

8

* may have additional holdings in another (foreign) market
Performance
Period CEFS LALT
30 Days -0.04% 0.36%
60 Days 1.46% 1.24%
90 Days 3.95% 1.30%
12 Months 29.19% 7.46%
0 Overlapping Holdings
Symbol Grade Weight in CEFS Weight in LALT Overlap
CEFS Overweight 105 Positions Relative to LALT
Symbol Grade Weight
BIGZ A 12.12%
ASA D 8.22%
BCAT A 5.82%
ADX A 5.52%
BFZ D 5.03%
ASGI C 4.03%
ENX B 3.8%
PDX A 3.35%
NQP C 3.12%
GDV A 3.0%
NXJ D 3.0%
HQL D 2.89%
EVM C 2.23%
BSTZ A 2.22%
BMEZ D 2.16%
HQH D 2.13%
GRX D 1.86%
AFB D 1.8%
VTN B 1.76%
MHI D 1.68%
TEAF D 1.66%
LGI D 1.56%
EDD D 1.35%
VPV B 1.25%
NFJ A 1.2%
ECF A 1.16%
FMN D 1.1%
KSM F 1.09%
NTG A 1.07%
EMO A 1.04%
LEO D 1.03%
AOD D 1.02%
VGM D 1.0%
PGZ D 0.85%
JRI A 0.84%
MAV C 0.84%
NPFD A 0.83%
NBH D 0.76%
DMF D 0.66%
IHD D 0.65%
CEV D 0.64%
GAM B 0.58%
DSM D 0.56%
CXE D 0.47%
HYB B 0.46%
VKQ D 0.41%
BOE A 0.39%
VCV C 0.39%
IDE A 0.32%
NDP A 0.32%
DMB C 0.3%
PCK D 0.26%
VMO D 0.23%
TWN D 0.22%
PEO A 0.22%
CPZ A 0.22%
RA C 0.21%
EOD C 0.19%
GNT C 0.18%
TTP A 0.15%
FGB A 0.13%
AGD D 0.13%
MPA D 0.11%
CMU C 0.1%
CXH B 0.09%
ERH B 0.09%
MFD C 0.08%
TYG A 0.06%
GLO D 0.05%
NML A 0.05%
HEQ C 0.03%
PNI D 0.03%
IGA A 0.03%
GLV D 0.03%
MFM D 0.02%
MUJ D 0.02%
DIAX A 0.02%
KYN A 0.02%
SBI D 0.02%
GLQ B 0.01%
MVT D 0.01%
GF F 0.01%
MUC D 0.01%
BTT D 0.01%
MYN C 0.01%
NAC D 0.01%
MXE F 0.01%
BCV A 0.01%
PFO D 0.01%
ETW B 0.0%
NAN C 0.0%
NMT B 0.0%
MUE B 0.0%
MIY D 0.0%
BNY D 0.0%
BHV D 0.0%
NOM C 0.0%
RMT B 0.0%
VFL D 0.0%
IIF D 0.0%
NAZ B 0.0%
BGY C 0.0%
SWZ F 0.0%
MHN D 0.0%
PYN D 0.0%
CEFS Underweight 8 Positions Relative to LALT
Symbol Grade Weight
FTLS A -22.09%
FMF C -21.75%
FAAR F -21.36%
UCON D -12.24%
IAU C -7.75%
FTHI B -5.1%
MARB F -4.94%
IEF F -4.73%
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