FTLSFirst Trust Long/Short Equity ETF
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.
FTLS MSCI ESG Analytics Insight
First Trust Long/Short Equity ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.84 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 26th percentile within its peer group and in the 10th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FTLS Portfolio Management
FTLS Tax Exposures
FTLS Fund Structure
FTLS Factset Analytics Block Liquidity
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 Asset Allocation