FTLS

First Trust Long/Short Equity ETF
D

26
*Unless otherwise stated, data provided by FactSet.

FTLS Fund Description

FTLS takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short.

FTLS Factset Analytics Insight

Relative newcomer FTLS still faces an uphill battle attracting assets in a space—long/short equity ETFs—that lacks strong investor interest. Peer fund RALS has attracted a viable yet modest asset bases while AGLS and the QuantShares funds languish. FTLS’ fee shouldn’t be a hindrance: Its fee sounds steep next to vanilla equity funds, but is competitive in context of peer funds. FTLS will typically take 90-100% long equity positions, partially offset by 0-50% short positions. The fund will avoid leverage from short sale proceeds and can take defensive cash positions. FTLS’ active managers—an internal team from First Trust—have broad discretion in long/short allocation and stock selection. They’ll use earnings quality—long high quality, short low quality—as a primary signal but will also aim to balance factor exposure and market risk for the overall portfolio.

FTLS MSCI ESG Analytics Insight

First Trust Long/Short Equity ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.66 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Long/Short Equity ETF ranks in the 32nd percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FTLS Charts And Performance

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PERFORMANCE [as of 09/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FTLS 1.83% 3.62% 11.26% 2.04% 8.83% 7.41% --
FTLS (NAV) 2.16% 4.09% 11.78% 2.70% 8.93% 7.48% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FTLS Summary Data

First Trust
09/09/14
Open-Ended Fund
1.59%
$227.72M
$1.30M
0.09%

FTLS Portfolio Data

Long/Short Equity
0.72%
09/25/19
144

FTLS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FTLS Portfolio Management

1.59%
--
--
--

FTLS Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FTLS Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FTLS Factset Analytics Block Liquidity

As of 09/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FTLS. FTLS is rated a N/A out of 5.

FTLS Tradability

31,730
$1.30M
13,912
$563.81K
0.09%
$0.04
0.01%
0.38% / -0.48%
None
100.00%
50,000
0.28
0.03%
--
0
$41.21
N/A

FTLS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

FTLS Top 5 Holdings Long

34.62%
Apple Inc. 1.95%

FTLS Top 5 Holdings Short

-33.93%

FTLS Performance Statistics

2.70%
4.74%
-4.93%
0.01
0.02
-0.30
2.24

FTLS Correlations (Daily Returns 12 Mo)

0.91
-0.21
0.33

FTLS MSCI ESG Ratings

BBB
4.66 / 10
11.49
32.13
6.48%
4.14%
85.79

Correlation (Rolling 30 Day, 12 Mo)