LALT vs. RAAX ETF Comparison

Comparison of First Trust Exchange-Traded Fund VIII First Trust Multi-Strategy Alternative ETF (LALT) to VanEck Vectors Real Asset Allocation ETF (RAAX)

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

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.58

Average Daily Volume

14,849

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	LALT	RAAX
30 Days	1.51%	1.95%
60 Days	1.87%	1.33%
90 Days	0.11%	0.10%
12 Months	7.66%	11.42%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in RAAX	Overlap

LALT Overweight 8 Positions Relative to RAAX

	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 10 Positions Relative to RAAX

	Symbol	Grade	Weight
	PIT	A	-20.95%
	EINC	B	-12.32%
	REZ	A	-6.18%
	PAVE	D	-4.8%
	NLR	C	-2.12%
	SLX	D	-1.74%
	GDX	C	-1.27%
	IAUF	B	-1.14%
	PHO	D	-1.02%
	MOO	F	-0.99%

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

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust