LALT vs. PBDC ETF Comparison
Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to Putnam BDC Income ETF (PBDC)
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
$20.94
Average Daily Volume
2,917
8
PBDC
Putnam BDC Income ETF
PBDC Description
Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$33.55
Average Daily Volume
31,966
15
Performance
| Period | LALT | PBDC |
|---|---|---|
| 30 Days | 0.60% | -0.15% |
| 60 Days | 1.26% | 2.66% |
| 90 Days | 0.63% | -2.51% |
| 12 Months | 6.70% | 19.35% |
0 Overlapping Holdings
| Symbol | Grade | Weight in LALT | Weight in PBDC | Overlap |
|---|
LALT: Top Represented Industries & Keywords
PBDC: Top Represented Industries & Keywords
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