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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The Fund's investment objective is to seek to provide investors with long term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | FTLS |
Fund Type | U.S. Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33739P103 |
ISIN | US33739P1030 |
Intraday NAV | FTLSIV |
Fiscal Year-End | 10/31 |
Exchange | NYSE Arca |
Inception | 9/8/2014 |
Inception Price | $30.00 |
Inception NAV | $30.00 |
Management Fees | 0.95% |
Other Expenses | 0.51% |
Total Expense Ratio | 1.46% |
As of Date 3/1/2024
"Other Expenses" consist of margin interest expense and dividend expense on investments sold short.
Closing NAV1 | $66.11 |
Closing Market Price2 | $66.26 |
Bid/Ask Midpoint | $66.21 |
Bid/Ask Premium | 0.15% |
30-Day Median Bid/Ask Spread3 | 0.23% |
Total Net Assets | $1,669,381,064 |
Outstanding Shares | 25,250,002 |
Daily Volume | 28,309 |
Average 30-Day Daily Volume | 125,438 |
Closing Market Price 52-Week High/Low | $66.26 / $55.34 |
Closing NAV 52-Week High/Low | $66.11 / $55.21 |
Number of Holdings (excluding cash) | 359 |
Maximum Market Cap. | $3,434,767 |
Median Market Cap. | $7,599 |
Minimum Market Cap. | $841 |
Price/Earnings | 18.89 |
Price/Book | 3.28 |
Price/Cash Flow | 13.62 |
Price/Sales | 2.05 |
Maximum Market Cap. | $802,033 |
Median Market Cap. | $20,413 |
Minimum Market Cap. | $648 |
Price/Earnings | 23.32 |
Price/Book | 3.48 |
Price/Cash Flow | 15.52 |
Price/Sales | 2.48 |
Holding |
Percent |
Apple Inc. |
5.96% |
NVIDIA Corporation |
5.58% |
Microsoft Corporation |
5.25% |
Amazon.com, Inc. |
3.30% |
Meta Platforms Inc. (Class A) |
2.09% |
AbbVie Inc. |
1.99% |
QUALCOMM Incorporated |
1.98% |
Cisco Systems, Inc. |
1.97% |
Citigroup Inc. |
1.97% |
Elevance Health Inc. |
1.95% |
*Â Excluding cash.Â
Holdings are subject to change.
Holding |
Percent |
JD.com, Inc. (ADR) |
-0.58% |
Alibaba Group Holding Limited (ADR) |
-0.57% |
The Boeing Company |
-0.57% |
T-Mobile US, Inc. |
-0.56% |
General Electric Company |
-0.55% |
Linde Plc |
-0.55% |
The Coca-Cola Company |
-0.55% |
The Walt Disney Company |
-0.55% |
Comcast Corporation (Class A) |
-0.54% |
Intel Corporation |
-0.53% |
*Â Excluding cash.Â
Holdings are subject to change.
Past performance is not indicative of future results.
Among 98 funds in the Long-Short Equity category. This fund was rated 4 stars/98 funds (3 years), 4 stars/90 funds (5 years), 4 stars/52 funds (10 years) based on risk adjusted returns.
Long Exposure | 98.54% |
Short Exposure | -35.74% |
Net Exposure | 62.80% |
|
Percent |
Information Technology |
30.86% |
Financials |
17.79% |
Health Care |
16.07% |
Consumer Discretionary |
7.68% |
Industrials |
7.27% |
Communication Services |
7.06% |
Consumer Staples |
5.53% |
Energy |
3.86% |
Materials |
2.22% |
Real Estate |
0.20% |
|
Percent |
Industrials |
-5.21% |
Information Technology |
-4.89% |
Materials |
-3.32% |
Consumer Discretionary |
-3.10% |
Consumer Staples |
-2.66% |
Communication Services |
-2.31% |
Health Care |
-2.25% |
Financials |
-1.69% |
Energy |
-1.69% |
Real Estate |
-0.32% |
|
2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
187 |
48 |
55 |
56 |
Days Traded at Discount |
63 |
13 |
8 |
8 |
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FTLS |
9.39% |
2.61 |
0.50 |
0.64 |
0.93 |
S&P 500® Index |
17.20% |
--- |
1.00 |
0.39 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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