First Trust Long/Short Equity ETF

Frequently Asked Questions About FTLS

What does FTLS invest in?

This fund is designed to generate significant total returns for investors over the long term. It achieves this by actively managing a portfolio of stocks, utilizing both long and short investment strategies.

What is the expense ratio of FTLS?

First Trust Long/Short Equity ETF (FTLS) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FTLS?

First Trust Long/Short Equity ETF (FTLS) manages $2.55B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FTLS actively managed or an index fund?

FTLS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FTLS launched?

First Trust Long/Short Equity ETF (FTLS) launched in September 2014 and is managed by First Trust.

How has FTLS performed?

FTLS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.