First TrustLong-Short EquityFTLS · NYSE Arca

First Trust Long/Short Equity ETF (FTLS)

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Price: $76.56; —11 Sept 2026
Assets: $2.5B; Total net assets
Expense ratio: 1.38%; Category 2.13%
Yield: 0.86%; Trailing distributions

1Y return: 12.3%-4.0%; Category 16.3%
3Y CAGR: 13.5%-0.2%; Category 13.6%
5Y CAGR: 10.4%+1.9%; Category 8.6%

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First Trust Long/Short Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.6%	+3.7%	+10.6%	+8.3%	+12.3%	+13.5%	+10.4%	+9.9%	+9.1%
Long-Short Equity average	-0.2%	3.2%	12.2%	13.8%	16.3%	13.6%	8.6%	—	16.5%
Difference	+0.8%	+0.5%	-1.6%	-5.6%	-4.0%	-0.2%	+1.9%	—	-7.4%

Holdings

The 8 largest positions make up 26.6% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
AAPL	Apple Inc	7.56%
MSFT	Microsoft Corp	4.23%
NVDA	NVIDIA Corp	3.63%
MA	Mastercard Inc Class A	2.55%
TSM	Taiwan Semiconductor Manufacturing Co Ltd ADR	2.32%
GOOGL	Alphabet Inc Class A	2.21%
STX	Seagate Technology Holdings PLC	2.15%
CSCO	Cisco Systems Inc	1.96%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 24.2
P/B: 4.1
P/S: 2.5
P/CF: 15.6

Sector allocation

Share of the equity the fund holds.

Technology34.3%
Financial services14.9%
Health care13.0%
Communication services8.2%
Energy5.7%
Industrials5.3%
Materials4.9%
Consumer staples4.7%
Real estate4.6%
Consumer discretionary4.5%

Asset mix

Stocks67.5%
Cash32.5%

ETF details

Issuer: First Trust
Category: Alternatives · Long-Short Equity
Ticker: FTLS
Exchange: NYSE Arca
Inception: 8 Sept 2014 (12.0 years)
Structure: Exchange Traded Fund
Expense ratio: 1.38% (category 2.13%)
Holdings turnover: 245% (category 227%)
Distribution yield: 0.86%
Beta, 3 years: 0.48
Total net assets: $2.5B

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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