LALT vs. OCIO ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to ClearShares OCIO ETF (OCIO)
LALT
First Trust Exchange-Traded Fund VIII 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
$20.85
Average Daily Volume
1,855
8
OCIO
ClearShares OCIO ETF
OCIO Description
The investment seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments. The fund is expected to typically invest approximately 40% to 70% of its total assets in underlying funds that principally invest in equity securities of any market capitalization. It is expected to typically invest approximately 20% to 50% of its total assets in underlying funds that principally invest in debt obligations.Grade (RS Rating)
Last Trade
$33.45
Average Daily Volume
712
15
Performance
| Period | LALT | OCIO |
|---|---|---|
| 30 Days | 1.51% | 2.82% |
| 60 Days | 1.87% | 5.69% |
| 90 Days | 0.11% | 5.39% |
| 12 Months | 7.66% | 14.03% |
1 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in OCIO | Overlap | |
|---|---|---|---|---|---|
| IEF | B | 4.94% | 1.84% | 1.84% |
LALT: Top Represented Industries & Keywords
OCIO: Top Represented Industries & Keywords
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