Key stats
About First Trust Long/Short Equity ETF Trust Unit
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Inception date
Jul 21, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
First Trust Portfolios LP
ISIN
CA33744B1076
The fund is actively-managed to invest in 80-100% long equity positions, partially offset by 0-50% short positions. The overall strategy of the fund centers on its US counterpart, which shares the same name and ticker. 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
ETF
Bonds, Cash & Other100.00%
ETF99.83%
Cash0.17%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FTLS assets under management is 1.06 M CAD. It's risen 3.36% over the last month.
FTLS fund flows account for 0.00 CAD (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.
No, FTLS doesn't pay dividends to its holders.
FTLS shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jul 21, 2025, and its management style is Active.
FTLS expense ratio is 0.00% meaning you'd have to pay 0.00% 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 funds.
FTLS trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.