LALT vs. TBFC ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to The Brinsmere Fund Conservative ETF (TBFC)

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

$21.25

Average Daily Volume

3,958

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

TBFC

The Brinsmere Fund Conservative ETF

TBFC Description

TBFC is designed to deliver multi-asset exposure while seeking long-term capital appreciation with capital preservation. It holds funds that represent the broad equity and bond markets as selected based on a set of risk-management techniques of two independent proprietary strategies. The Systematic Market Beta Strategy (SMB) and the Classic Asset Allocation Revisited Strategy (CAAR) are rules-based, tactical asset allocation investment strategies used to systematically rebalance the funds holdings. The former aims to reduce risk and enhance performance based on market risk assessments, while the latter seeks tactical adaptation to changing market conditions using mean-variance optimization. The fund employs a conservative model of CAAR with a 20% equity floor target and a 40% equity cap. Both strategies are re-evaluated and rebalanced monthly. TBGC launched alongside its sister fund, TBFG, which seeks a growth-focused portfolio.

Grade (RS Rating)

Last Trade

$26.94

Average Daily Volume

1,056

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	LALT	TBFC
30 Days	1.29%	0.13%
60 Days	1.65%	-0.13%
90 Days	1.60%	2.26%
12 Months	7.78%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in TBFC	Overlap

LALT Overweight 8 Positions Relative to TBFC

	Symbol	Grade	Weight
	FTLS	A	22.09%
	FMF	C	21.75%
	FAAR	D	21.36%
	UCON	D	12.24%
	IAU	C	7.75%
	FTHI	A	5.1%
	MARB	F	4.94%
	IEF	F	4.73%

LALT Underweight 9 Positions Relative to TBFC

	Symbol	Grade	Weight
	RSP	A	-10.34%
	VCIT	D	-5.6%
	SHV	A	-4.38%
	EMXC	D	-3.02%
	IWP	A	-2.23%
	MGK	B	-1.54%
	XLRE	C	-1.43%
	BCI	C	-1.24%
	PDBC	D	-0.25%

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

TBFC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Capitalization Weighted Index Commodity Markets Bear Market ETF Bloomberg Commodity Index Bond Fund Bond Market Bond Market Indices Commodity Commodity Price Index Commodity Price Indices Commodity Trading Advisor Corporate Bond Economic Geography Emerging Market Exchange Traded Funds