LALT vs. VABS ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to Virtus Newfleet ABS/MBS ETF (VABS)
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

$20.92

Average Daily Volume

1,858

Number of Holdings *

8

* may have additional holdings in another (foreign) market
VABS

Virtus Newfleet ABS/MBS ETF

VABS Description The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.19

Average Daily Volume

2,623

Number of Holdings *

50

* may have additional holdings in another (foreign) market
Performance
Period LALT VABS
30 Days 0.13% -0.68%
60 Days 0.52% -0.53%
90 Days 1.17% 0.14%
12 Months 7.02% 6.22%
0 Overlapping Holdings
Symbol Grade Weight in LALT Weight in VABS Overlap
LALT Overweight 8 Positions Relative to VABS
Symbol Grade Weight
FTLS A 21.86%
FAAR F 21.53%
FMF D 21.07%
UCON C 12.28%
IAU A 8.28%
FTHI A 5.02%
MARB F 5.0%
IEF D 4.83%
LALT Underweight 50 Positions Relative to VABS
Symbol Grade Weight
RLJ F -4.48%
BW B -2.27%
EFC D -1.89%
BFS D -1.53%
EQC C -1.49%
DRH D -1.35%
PBI A -1.34%
TWO F -1.26%
ARR D -1.25%
GNL D -0.94%
F D -0.87%
MFA D -0.86%
CIM D -0.82%
IVR F -0.78%
DBRG D -0.62%
ET A -0.55%
EPR D -0.47%
MITT D -0.45%
CTO B -0.29%
PSEC D -0.23%
TDS B -0.23%
PMT D -0.21%
AHH D -0.17%
SHO D -0.17%
LXP D -0.17%
INN F -0.16%
ATCOL A -0.15%
BHR D -0.15%
UMH D -0.11%
ABR B -0.1%
ALLY F -0.1%
FTAI A -0.06%
ALTG D -0.05%
FHN B -0.04%
AL B -0.04%
CIO D -0.03%
NLY D -0.03%
SNV B -0.02%
DX C -0.02%
CODI D -0.02%
PEB F -0.01%
CNO A -0.01%
VNO B -0.01%
BOH A -0.01%
SF A -0.01%
EQH B -0.01%
COF A -0.01%
IFF D -0.01%
JPM A -0.01%
NEE D -0.01%
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