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Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Long/Short Equity ETF

FTLS | Active ETF

$66.50

$980 M

1.60%

$1.06

1.46%

Vitals

YTD Return

19.5%

1 yr return

22.0%

3 Yr Avg Return

11.2%

5 Yr Avg Return

10.6%

Net Assets

$980 M

Holdings in Top 10

26.2%

52 WEEK LOW AND HIGH

$66.3
$55.50
$66.50

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Long/Short Equity ETF

FTLS | Active ETF

$66.50

$980 M

1.60%

$1.06

1.46%

FTLS - Profile

Distributions

  • YTD Total Return 19.5%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust Long/Short Equity ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Sep 08, 2014
  • Shares Outstanding
    9750002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Gambla

Fund Description

Under normal conditions, the Fund will expose at least 80% of its net assets (including investment borrowings) to U.S. exchange-listed equity securities and/or U.S. exchange-traded funds ("ETFs") that provide exposure to U.S. exchange-listed equity securities. The Fund pursues its investment objective by establishing long and short positions in its portfolio of U.S. exchange-listed equity securities and ETFs. The Fund’s portfolio may include U.S. exchange-listed equity securities of non-U.S. issuers, including the securities of non-U.S. issuers traded on U.S. exchanges in the form of depositary receipts.The Fund’s portfolio is composed of both long and short positions in equity securities and ETFs. As opposed to taking long positions in which an investor seeks to profit from increases in the price of a security, short selling is a technique that will be used by the Fund to try and profit from the falling price of a security. Short selling involves selling a security that has been borrowed from a third party with the intention of buying an identical security back at a later date to return to that third party. Having both long and short positions in an equity security portfolio is a common way to create returns that are independent of market moves. One advantage of a long and short portfolio is that the long and short positions may offset one another in a manner that results in a lower net exposure to the direction of the market. In addition, cash balances arising from the use of short selling typically will be held in money market instruments.The Fund’s investment advisor will manage the Fund’s portfolio using an investment process that analyzes fundamental, market-related, technical and statistical attributes of eligible securities to assess total return potential. The Fund’s investment advisor will then use this analysis as the basis to establish long and short positions within the Fund’s portfolio. The Fund pursues its objective by using a variety of quantitative tools to select securities that the Fund’s investment advisor believes will either outperform (the “long basket”) or underperform (the “short basket”). Preliminary rankings of the positions will rely on the Sabrient Systems Earnings Quality Rank (EQR) model and the proprietary research of the Fund’s investment advisor. Long and short baskets are then integrated and optimized to build a final portfolio. The overall portfolio, under normal market conditions, will be 80 to 100% invested in long positions and 0% to 50% invested in short positions. The Fund will not use proceeds from the short positions to add leverage to the long positions, and as such, the Fund will not have a net long exposure of greater than 100% and may hold a large cash position. The Fund’s investment advisor may alter the size of the short positions and/or the risk profile of the short positions based upon its assessment of the equity markets. Additionally, the notional position of the short positions may be reduced significantly or eliminated temporarily. The Fund and the ETFs held by the Fund may invest in equity securities of master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). As of January 31, 2024 the Fund had significant investments in information technology companies, although this may change from time to time.The Fund may invest up to 20% of its net assets (including investment borrowings) in U.S. exchange-listed equity index futures contracts. These futures contracts will be used to gain long or short exposure to broad based equity indexes.To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector. The Fund may also invest in companies with various market capitalizations.
Read More

FTLS - Performance

Return Ranking - Trailing

Period FTLS Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% -11.6% 42.3% 27.89%
1 Yr 22.0% -11.9% 53.4% 36.05%
3 Yr 11.2%* -8.8% 27.5% 15.15%
5 Yr 10.6%* -2.7% 23.7% 19.33%
10 Yr 8.7%* -3.8% 10.1% 7.46%

* Annualized

Return Ranking - Calendar

Period FTLS Return Category Return Low Category Return High Rank in Category (%)
2023 15.1% -17.3% 43.8% 12.93%
2022 -6.3% -54.0% 17.4% 34.09%
2021 19.6% -40.0% 54.1% 16.67%
2020 2.1% -47.6% 88.4% 58.33%
2019 15.2% -20.3% 62.6% 19.47%

Total Return Ranking - Trailing

Period FTLS Return Category Return Low Category Return High Rank in Category (%)
YTD 19.5% -11.6% 42.3% 27.89%
1 Yr 22.0% -11.9% 53.4% 36.05%
3 Yr 11.2%* -8.8% 27.5% 15.15%
5 Yr 10.6%* -2.7% 23.7% 19.33%
10 Yr 8.7%* -3.8% 10.1% 7.46%

* Annualized

Total Return Ranking - Calendar

Period FTLS Return Category Return Low Category Return High Rank in Category (%)
2023 16.9% -14.5% 43.8% 18.37%
2022 -5.6% -54.0% 50.3% 46.21%
2021 19.6% -40.0% 61.6% 26.19%
2020 2.6% -29.9% 91.0% 60.00%
2019 16.2% -17.9% 79.4% 30.97%

FTLS - Holdings

Concentration Analysis

FTLS Category Low Category High FTLS % Rank
Net Assets 980 M 1.08 M 6.67 B 13.61%
Number of Holdings 473 3 2730 17.69%
Net Assets in Top 10 385 M -4.86 M 2.41 B 11.56%
Weighting of Top 10 26.24% -9.9% 110.8% 88.44%

Top 10 Holdings

  1. Apple Inc 4.35%
  2. Microsoft Corp 4.12%
  3. NVIDIA Corp 3.40%
  4. Dreyfus Government Cash Management 2.51%
  5. Amazon.com Inc 2.38%
  6. Johnson Johnson 1.97%
  7. Walmart Inc 1.94%
  8. Bristol-Myers Squibb Co 1.88%
  9. Citigroup Inc 1.87%
  10. Arista Networks Inc 1.80%

Asset Allocation

Weighting Return Low Return High FTLS % Rank
Stocks 		63.96% -0.13% 113.26% 61.90%
Cash 		36.05% 0.00% 109.95% 29.25%
Preferred Stocks 		0.00% -1.13% 6.36% 48.98%
Convertible Bonds 		0.00% -0.02% 4.48% 42.45%
Bonds 		0.00% 0.00% 108.68% 59.18%
Other 		-0.01% -57.63% 99.50% 70.75%

Stock Sector Breakdown

Weighting Return Low Return High FTLS % Rank
Technology 		19.45% 0.00% 43.24% 44.92%
Healthcare 		16.23% 0.00% 100.00% 38.14%
Consumer Defense 		13.34% 0.00% 19.75% 9.32%
Energy 		8.79% 0.00% 32.57% 16.95%
Industrials 		8.28% 0.00% 31.93% 66.10%
Real Estate 		7.83% 0.00% 10.93% 1.69%
Basic Materials 		7.26% 0.00% 28.58% 11.02%
Financial Services 		5.82% 0.00% 83.83% 87.29%
Consumer Cyclical 		5.47% 0.00% 88.83% 86.44%
Utilities 		4.46% 0.00% 21.71% 15.25%
Communication Services 		3.07% 0.00% 32.32% 79.66%

Stock Geographic Breakdown

Weighting Return Low Return High FTLS % Rank
US 		63.96% 0.00% 113.26% 52.38%
Non US 		0.00% -2.95% 54.79% 53.74%

FTLS - Expenses

Operational Fees

FTLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.42% 9.95% 85.71%
Management Fee 0.95% 0.00% 2.50% 25.85%
12b-1 Fee 0.00% 0.00% 1.00% 14.10%
Administrative Fee N/A 0.03% 1.54% N/A

Sales Fees

FTLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FTLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTLS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 446.00% 84.77%

FTLS - Distributions

Dividend Yield Analysis

FTLS Category Low Category High FTLS % Rank
Dividend Yield 1.60% 0.00% 27.22% 56.85%

Dividend Distribution Analysis

FTLS Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Annual Annual

Net Income Ratio Analysis

FTLS Category Low Category High FTLS % Rank
Net Income Ratio -0.28% -3.33% 2.16% 30.34%

Capital Gain Distribution Analysis

FTLS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FTLS - Fund Manager Analysis

Managers

John Gambla

Start Date

Tenure

Tenure Rank

Sep 08, 2014

7.73

7.7%

John W. Gambla, CFA, FRM, PRM, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, he was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, he co-directed investment activities including research, product development, trading, portfolio management and performance attribution. John also led the research systems and infrastructure development for Nuveen HydePark Group LLC. Previously, he was a Senior Trader and Quantitative specialist at Nuveen Asset Management. While there, he was responsible for trading all derivatives for the 120+ municipal mutual funds with Nuveen Asset Management. John W. Gambla, has served in a variety of roles throughout his career including: portfolio management, research, business development and strategy development. He was born in 1966 and earned a B.S. in Genetics and Developmental Biology and a B.A. in Finance from the University of Illinois at Urbana/Champaign and an MBA from the University Of Chicago Booth School Of Business.

Rob Guttschow

Start Date

Tenure

Tenure Rank

Sep 08, 2014

7.73

7.7%

Rob A. Guttschow, CFA, is a senior portfolio manager for the Alternatives Investment Team at First Trust Advisors L.P. Prior to joining First Trust in July 2011, Mr. Guttschow was co-Chief Investment Officer at the Nuveen HydePark Group LLC where he started in 2007. While at Nuveen HydePark Group LLC, Mr. Guttschow co-directed investment activities including research, product development, trading, portfolio management and performance attribution. Previously, Mr. Guttschow was an Overlay Manager and Senior Portfolio Manager at Nuveen Asset Management. While there, he developed Nuveen’s buy-side derivative desk for fixed income and equity portfolio hedging. He was born in 1968 and earned a B.S. in Materials/Ceramic Engineering and a MBA from the University of Illinois in Urbana/Champaign.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.96 7.93

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