Fund Evaluator:
First Trust Long/Short Equity ETF (FTLS)
Follow This Fund
Equity
Global Asset Class
Nontraditional Equity
Fund Group
Long-Short Equity
Category
$40.713
NAV (as of Oct 07)
$0.00
Minimum Initial
1.38% D
Expense Ratio
$2,493 Mil
Assets
Open
Status
0.00%
12b-1 Fee
0.88%
TTM Yield
0.00%
Max Load
245%
Portfolio Turnover
Best Performing in Long-Short Equity Over the Last Year
| 37.0% | Boston Partners Long/Short Equity Inv (BPLEX) |
| 20.5% | ABR 50/50 Volatility Investor (ABRJX) |
| 17.4% | Gator Capital L/S Fd (GATRX) |
| 16.6% | ABR 75/25 Volatility Investor (VOLJX) |
| 16.0% | Boston Partners Long/Short Rsrch Inv (BPRRX) |
Data as of 7/31/2026
1.9% B
1-Mo Return
2.2% C
3-Mo Return
6.1% D
YTD Return
13.7% D
1-Yr Return
13.1% C
3-Yr Return
10.1% B
5-Yr Return
0.57 A
Category Risk Index
0.57
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
9/8/2014
Share Class Type
Equity Investment Style
Large-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
First Trust Long/Short Equity ETF Overview
FTLS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FTLS Return (NAV) | 1.9% | 2.2% | 13.7% | 13.1% | 10.1% | 9.5% |
| FTLS Grade | B | C | D | C | B | F |
| +/- Category | -0.7% | -1.4% | -0.4% | 1.2% | 1.3% | 1.6% |
| Long-Short Equity Avg | 2.6% | 3.6% | 14.1% | 11.9% | 8.8% | 7.9% |
| FTLS Tax Cost Ratio | na | na | 0.3% | 0.4% | 0.3% | 0.3% |
FTLS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FTLS Return (NAV) | 6.1% | 9.1% | 18.6% | 17.0% | -5.2% | 19.5% | 2.4% | 16.5% | -4.8% | 14.1% | 6.8% |
| FTLS Grade | D | B | C | D | B | D | C | C | F | F | F |
| +/- Category | -1.4% | -2.3% | 5.2% | 4.0% | -1.4% | -1.7% | -3.5% | 3.2% | 3.1% | 2.5% | -0.4% |
| Long-Short Equity Avg | 7.5% | 11.4% | 13.4% | 13.0% | -3.8% | 21.2% | 5.8% | 13.3% | -7.9% | 11.6% | 7.3% |
| Risk Measures | |
| Standard Deviation: | 7.0% |
| Total Risk Index: | 0.57 - Below Average |
| Category Risk Index: | 0.57 - Below Average |
| Category Risk Grade: | A (20% Rank) |
| Beta: | 0.48 |
| R-Squared: | 80% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2493 Mil |
| Fund Total Assets: | $2,493 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 245% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.9 years | |||
| Average Tenure: 11.9 years | |||
| Managers (Year): Gambla John (2014), Guttschow Rob (2014) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 357 |
| % in Top 10 Holdings: | 33.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.9% |
Portfolio Allocation |
|
| Domestic Stock: | 59.8% |
| Foreign Stock: | 5.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 34.2% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Status: | Open |
| Inception Date: | September 8, 2014 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.38% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.19% |
| Share Class: | First Trust Long/Short Equity ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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