LALT vs. HFND ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

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

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.78

Average Daily Volume

7,151

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	LALT	HFND
30 Days	0.36%	0.67%
60 Days	1.24%	2.70%
90 Days	1.30%	3.81%
12 Months	7.46%	11.56%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in HFND	Overlap

LALT Overweight 8 Positions Relative to HFND

	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%

LALT Underweight 9 Positions Relative to HFND

	Symbol	Grade	Weight
	BKLN	A	-4.79%
	ICVT	A	-4.42%
	CMBS	C	-3.41%
	IGHG	A	-2.51%
	VFMO	A	-2.11%
	VTWO	B	-1.59%
	PFF	D	-0.27%
	VMBS	D	--0.78%
	XLRE	C	--1.18%

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

HFND: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Mortgage Backed Security Stock Market Index Structured Finance Active Management Barclays Bond Market Index Bond Market Indices Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Convertibles Corporate Bond Equity Derivative Index Fund Invesco Powershares