LALT vs. WTBN ETF Comparison

Comparison of First Trust Multi-Strategy Alternative ETF (LALT) to WisdomTree Bianco Total Return Fund (WTBN)

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

$20.95

Average Daily Volume

2,895

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

WTBN

WisdomTree Bianco Total Return Fund

WTBN Description

Under normal circumstances, the fund primarily invests in the constituent exchange-traded funds ("ETF") of the index. The index, created by Bianco Research Advisors LLC, is composed of approximately 5 to 20 fixed income ETFs that are specifically selected and weighted using a modified market-capitalization weighting scheme to achieve specified factor exposures.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

3,662

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	LALT	WTBN
30 Days	1.16%	-0.53%
60 Days	1.87%	0.31%
90 Days	0.47%	3.11%
12 Months	8.33%

0 Overlapping Holdings

	Symbol	Grade	Weight in LALT	Weight in WTBN	Overlap

LALT Overweight 8 Positions Relative to WTBN

	Symbol	Grade	Weight
	FTLS	A	21.53%
	FAAR	F	21.2%
	FMF	F	20.89%
	UCON	B	12.67%
	IAU	B	8.58%
	IEF	D	5.14%
	MARB	D	5.08%
	FTGC	B	4.81%

LALT Underweight 10 Positions Relative to WTBN

	Symbol	Grade	Weight
	MBB	D	-14.09%
	MTBA	C	-13.8%
	IEI	C	-11.9%
	SCHO	B	-10.68%
	VCSH	B	-9.18%
	SCHQ	D	-8.64%
	VCLT	C	-6.84%
	VCIT	B	-5.73%
	LQDB	B	-5.02%
	STIP	B	-4.96%

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

WTBN: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond ETF Bond Market Indices Corporate Bond U.S. Treasury Merrill Lynch Bond Market Fannie Mae Federal National Mortgage Association Freddie Mac Government Bonds Government National Mortgage Association Mortgage Backed Security Mortgage Loan U.S. Government Yield Barclays Bear Market ETF