LALT vs. PIFI ETF Comparison

Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to ClearShares Piton Intermediate Fixed income ETF (PIFI)

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

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

PIFI

ClearShares Piton Intermediate Fixed income ETF

PIFI Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$92.45

Average Daily Volume

1,939

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	LALT	PIFI
30 Days	1.51%	0.64%
60 Days	1.87%	1.48%
90 Days	0.11%	1.53%
12 Months	7.66%	3.99%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in PIFI	Overlap

LALT Overweight 8 Positions Relative to PIFI

	Symbol	Grade	Weight
	FAAR	B	21.57%
	FMF	B	20.8%
	FTLS	A	17.55%
	UCON	A	12.5%
	MARB	D	12.06%
	IAU	C	5.36%
	FTGC	C	5.2%
	IEF	B	4.94%

LALT Underweight 1 Positions Relative to PIFI

	Symbol	Grade	Weight
	OPER	A	-3.1%

LALT: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Commodity Markets Absolute Return American Depositary Receipt Bear Market ETF Betashares Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Bullion Commercial Mortgage Backed Security Commodity Commodity Pool Depositary Receipt Exchange Government Bonds Index Fund Inverse ETF

PIFI: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF