{
 "ticker": "IALT",
 "name": "iShares Systematic Alternatives Active ETF",
 "issuer": "iShares",
 "desk": "alternatives",
 "url": "https://etfiq.com/funds/ialt",
 "html": "https://etfiq.com/funds/ialt",
 "markdown": "https://etfiq.com/funds/ialt.md",
 "as_of": "2026-11-04",
 "verdict": "From its Dec 10, 2025 launch to Nov 4, 2026, IALT returned 17.4%.",
 "promise": {
  "badge": null,
  "label": "Not measured",
  "category": "alternatives",
  "sentence": "its strategy, multistrategy, states no objective ETFIQ can measure",
  "figure": null,
  "unit": null,
  "from": null,
  "to": null,
  "url": "https://etfiq.com/promise-index/alternatives/"
 },
 "key_facts": [
  {
   "key": "total_return_since_launch",
   "label": "Total return since launch",
   "value": "+17.4%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-04",
   "sentence": "IALT, total return since launch: +17.4%, as of Nov 4, 2026.",
   "cite": {
    "value": "+17.4%",
    "as_of": "2026-11-04",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/ialt#fact-total-return-since-launch",
    "text": "IALT, total return since launch: +17.4%, as of Nov 4, 2026."
   }
  },
  {
   "key": "s_p_500_over_the_same_days",
   "label": "S&P 500 over the same days",
   "value": "+12.7%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-04",
   "sentence": "IALT, s&P 500 over the same days: +12.7%, as of Nov 4, 2026.",
   "cite": {
    "value": "+12.7%",
    "as_of": "2026-11-04",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/ialt#fact-s-p-500-over-the-same-days",
    "text": "IALT, s&P 500 over the same days: +12.7%, as of Nov 4, 2026."
   }
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "227",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-11-04",
   "sentence": "IALT, days it has traded: 227, as of Nov 4, 2026.",
   "cite": {
    "value": "227",
    "as_of": "2026-11-04",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/ialt#fact-days-it-has-traded",
    "text": "IALT, days it has traded: 227, as of Nov 4, 2026."
   }
  },
  {
   "key": "last_payment_ex_date_jun_15_2026",
   "label": "Last payment, ex-date Jun 15, 2026",
   "value": "$0.0791",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-06-15",
   "sentence": "IALT, last payment, ex-date Jun 15, 2026: $0.0791, as of Jun 15, 2026.",
   "cite": {
    "value": "$0.0791",
    "as_of": "2026-06-15",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/ialt#fact-last-payment-ex-date-jun-15-2026",
    "text": "IALT, last payment, ex-date Jun 15, 2026: $0.0791, as of Jun 15, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7.9bn",
   "source": "the issuer\u2019s own daily fund list, as of Nov 3, 2026",
   "as_of": "2026-11-03",
   "sentence": "IALT, net assets: $7.9bn (the issuer\u2019s own daily fund list, as of Nov 3, 2026).",
   "cite": {
    "value": "$7.9bn",
    "as_of": "2026-11-03",
    "source": "the issuer\u2019s own daily fund list, as of Nov 3, 2026",
    "url": "https://etfiq.com/funds/ialt#fact-net-assets",
    "text": "IALT, net assets: $7.9bn (the issuer\u2019s own daily fund list, as of Nov 3, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Aug 24, 2026",
   "as_of": "2026-08-24",
   "sentence": "IALT, expense ratio: 0.99% (485BPOS XBRL, Aug 24, 2026).",
   "cite": {
    "value": "0.99%",
    "as_of": "2026-08-24",
    "source": "485BPOS XBRL, Aug 24, 2026",
    "url": "https://etfiq.com/funds/ialt#fact-expense-ratio",
    "text": "IALT, expense ratio: 0.99% (485BPOS XBRL, Aug 24, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "issuer",
   "label": "Issuer",
   "value": "iShares",
   "source": null
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Multi-strategy",
   "source": "ETFIQ, from its prospectus"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.99%",
   "source": "485BPOS XBRL, Aug 24, 2026"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$7.9bn",
   "source": "the issuer\u2019s own daily fund list, as of Nov 3, 2026"
  },
  {
   "key": "when_stocks_fell",
   "label": "When stocks fell",
   "value": "S&P 500 \u22124.9% in March 2026; IALT +3.5%",
   "source": null
  },
  {
   "key": "weekly_correlation_with_the_s_p_500",
   "label": "Weekly correlation with the S&P 500",
   "value": "not measured, as it has fewer than 52 weeks of closes",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Dec 10, 2025",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "227",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22122.0%",
   "S&P 500 (SPY)": "\u22121.0%"
  },
  {
   "window": "3 months",
   "Total return": "+2.3%",
   "S&P 500 (SPY)": "\u22120.1%"
  },
  {
   "window": "6 months",
   "Total return": "+5.1%",
   "S&P 500 (SPY)": "+5.0%"
  },
  {
   "window": "Year to date",
   "Total return": "+16.6%",
   "S&P 500 (SPY)": "+13.3%"
  },
  {
   "window": "Since launch",
   "Total return": "+17.4%",
   "S&P 500 (SPY)": "+12.7%"
  }
 ],
 "questions": [
  {
   "q": "What does IALT cost?",
   "a": "The prospectus expense ratio is 0.99% a year."
  },
  {
   "q": "Why is IALT listed as multi-strategy?",
   "a": "ETFIQ files each fund by what its own prospectus says it does, and IALT\u2019s, filed Aug 24, 2026, describes a multi-strategy fund."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Dec 10, 2025, daily closes to Nov 4, 2026",
   "value": "$30.09 on Oct 28, 2026",
   "as_of": "2026-10-28",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 30.09,
   "window": {
    "from": "2025-12-10",
    "to": "2026-11-04"
   }
  },
  {
   "key": "low52",
   "label": "Low since Dec 10, 2025, daily closes to Nov 4, 2026",
   "value": "$25.02 on Dec 12, 2025",
   "as_of": "2025-12-12",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 25.02,
   "window": {
    "from": "2025-12-10",
    "to": "2026-11-04"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Nov 4, 2026, within that range",
   "value": "$29.42, 87% of the way from the low to the high",
   "as_of": "2026-11-04",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 29.42
  }
 ],
 "trading": {
  "as_of": "2026-11-03",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored.",
   "Premium to NAV at the Nov 3 close: +0.37%; 95% of days within \u00b10.86%."
  ],
  "page": "https://etfiq.com/funds/ialt/trading/"
 },
 "outside_us": [
  {
   "key": "statutory",
   "label": "US tax withheld on dividends, no treaty",
   "value": "30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 30.0,
   "url": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf"
  },
  {
   "key": "treaty",
   "label": "Treaty rates on dividends (IRS table, read Oct 30, 2026)",
   "value": "65 countries, 10% to 30%",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf",
   "number": 65.0,
   "url": "https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables"
  },
  {
   "key": "qii",
   "label": "IALT interest-related and short-term gain dividends",
   "value": "not read by ETFIQ"
  },
  {
   "key": "estate",
   "label": "US estate tax filing threshold, non-resident holders",
   "value": "$60,000",
   "date": "2026-10-30",
   "source": "https://www.irs.gov/instructions/i706na",
   "number": 60000.0,
   "url": "https://www.irs.gov/instructions/i706na"
  },
  {
   "key": "dist",
   "label": "Share class",
   "value": "Distributing",
   "source": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section852&num=0&edition=prelim",
   "url": "https://etfiq.com/learn/non-us-holders"
  }
 ],
 "flows": {
  "as_of": "2026-11-03",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/ialt.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-11-03",
    "to": "2026-11-03",
    "net_flow_usd": 23522079,
    "net_flow": "+$23.5m",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "1 week",
    "from": "2026-10-28",
    "to": "2026-11-03",
    "net_flow_usd": 145235920,
    "net_flow": "+$145m",
    "round_trip_usd": 0,
    "days_counted": 5,
    "trading_days": 5
   },
   {
    "window": "1 month",
    "from": "2026-10-05",
    "to": "2026-11-03",
    "net_flow_usd": 961911386,
    "net_flow": "+$962m",
    "round_trip_usd": 0,
    "days_counted": 22,
    "trading_days": 22
   },
   {
    "window": "3 months",
    "from": "2026-08-04",
    "to": "2026-11-03",
    "net_flow_usd": 2418868394,
    "net_flow": "+$2.4bn",
    "round_trip_usd": 0,
    "days_counted": 65,
    "trading_days": 65
   },
   {
    "window": "Year to date",
    "from": "2026-01-02",
    "to": "2026-11-03",
    "net_flow_usd": 7612296657,
    "net_flow": "+$7.6bn",
    "round_trip_usd": 0,
    "days_counted": 211,
    "trading_days": 211
   }
  ],
  "daily_counts_start": "2025-12-10",
  "windows_without_daily_figure": [
   "1 year"
  ]
 },
 "generated": "2026-11-05",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, IALT, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/ialt"
}