Key stats
About First Trust Long/Short Equity ETF
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Inception date
Sep 9, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33739P1030
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 funds 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 funds 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Finance
Technology Services
Cash
Stocks98.39%
Electronic Technology15.78%
Finance13.60%
Technology Services13.34%
Producer Manufacturing5.60%
Retail Trade4.66%
Consumer Services4.23%
Energy Minerals2.87%
Health Technology2.48%
Industrial Services2.44%
Consumer Non-Durables2.25%
Distribution Services1.86%
Process Industries1.41%
Health Services1.29%
Consumer Durables1.04%
Transportation0.87%
Non-Energy Minerals0.33%
Commercial Services0.31%
Communications0.31%
Utilities0.02%
Miscellaneous0.01%
Bonds, Cash & Other1.61%
Cash33.30%
Miscellaneous−31.69%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FTLS last dividends amounted to 0.22 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 31.24% increase.
FTLS assets under management is 1.98 B USD. It's risen 1.03% over the last month.
FTLS fund flows account for 307.56 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FTLS pays dividends to its holders with the dividend yield of 1.34%. The last dividend (Jun 30, 2025) amounted to 0.22 USD. The dividends are paid quarterly.
FTLS shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Sep 9, 2014, and its management style is Active.
FTLS expense ratio is 1.38% meaning you'd have to pay 1.38% of your investment to help manage the fund.
FTLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FTLS invests in stocks.
FTLS price has risen by 1.71% over the last month, and its yearly performance shows a 9.56% increase. See more dynamics on FTLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.13% over the last month, showed a 6.11% increase in three-month performance and has increased by 10.74% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.13% over the last month, showed a 6.11% increase in three-month performance and has increased by 10.74% in a year.
FTLS trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.