FTLS

First Trust Long/Short Equity ETF
*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

FTLS is actively-managed to invest in 90-100% long equity positions, partially offset by 0-50% short positions. It may also include investments in ETFs. The fund will avoid leverage from short sale proceeds and can take defensive cash positions. The fund’s active managers — an internal team from First Trust, have broad discretion in long/short allocation and stock selection. The selection process will include fundamental, market-related, technical and statistical attributes to screen eligible securities. The fund’s active managers will use an earnings quality model ranking with 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.

PERFORMANCE [as of 05/18/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FTLS -- -- -- -- -- -- --
FTLS (NAV) -3.01% -0.56% -4.66% 4.66% 8.37% 7.61% --
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
1.36%
$484.03M
$2.24M
0.29%

FTLS Portfolio Data

Long/Short Equity
0.01%
N/A
206

FTLS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FTLS Portfolio Management

1.36%
--
--
--

FTLS Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FTLS Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

FTLS Factset Analytics Block Liquidity

As of 05/19/22
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 5 out of 5.

FTLS Tradability

44,805
$2.24M
37,495
$1.89M
0.29%
$0.15
0.07%
1.31% / -0.41%
None
100.00%
50,000
0.75
0.02%
0.01%
0
$49.64
5

FTLS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

FTLS Top 5 Holdings Long

42.26%
Apple Inc. 3.27%

FTLS Top 5 Holdings Short

-13.55%
Paychex, Inc. -0.59%

FTLS Performance Statistics

4.66%
4.21%
-4.15%
0.03
0.05
-0.38
0.39

FTLS Correlations (Daily Returns 12 Mo)

0.82
0.05
0.25