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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 | Brown Brothers Harriman |
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% |
Margin Interest Expense and Short Sale Fees | 0.65% |
Total Annual Expenses | 1.60% |
Closing NAV1 | $45.48 |
Closing Market Price2 | $45.54 |
Bid/Ask Midpoint | $45.50 |
Bid/Ask Premium | 0.04% |
30-Day Median Bid/Ask Spread3 | 0.31% |
Total Net Assets | $316,063,374 |
Outstanding Shares | 6,950,002 |
Daily Volume | 22,661 |
Average 30-Day Daily Volume | 27,763 |
Closing Market Price 52-Week High/Low | $46.82 / $35.16 |
Closing NAV 52-Week High/Low | $46.78 / $35.03 |
Number of Holdings (excluding cash) | 336 |
Maximum Market Cap. | $2,035,725 |
Median Market Cap. | $20,085 |
Minimum Market Cap. | $715 |
Price/Earnings | 18.99 |
Price/Book | 3.24 |
Price/Cash Flow | 14.13 |
Price/Sales | 1.56 |
Maximum Market Cap. | $453,936 |
Median Market Cap. | $15,424 |
Minimum Market Cap. | $578 |
Price/Earnings | 30.84 |
Price/Book | 3.31 |
Price/Cash Flow | 18.30 |
Price/Sales | 2.29 |
Holding |
Percent |
HP Inc. |
2.91% |
Wix.com Ltd. |
2.91% |
Apple Inc. |
2.80% |
Microsoft Corporation |
2.66% |
Analog Devices, Inc. |
2.36% |
Lennar Corporation |
2.23% |
Altria Group, Inc. |
2.17% |
Trane Technologies Plc |
2.12% |
CVS Health Corporation |
2.09% |
Amazon.com, Inc. |
2.02% |
* Excluding cash.
Holdings are subject to change.
Holding |
Percent |
Groupon, Inc. |
-0.90% |
The Walt Disney Company |
-0.69% |
Honeywell International Inc. |
-0.52% |
Air Products and Chemicals, Inc. |
-0.51% |
Kohl’s Corporation |
-0.51% |
Liberty Broadband Corporation (Class C) |
-0.51% |
Linde Plc |
-0.51% |
McDonald's Corporation |
-0.50% |
Fidelity National Information Services, Inc. |
-0.49% |
PayPal Holdings, Inc. |
-0.49% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 188 funds in the Long-Short Equity category. This fund was rated 3 stars/188 funds (3 years), 4 stars/152 funds (5 years) based on risk adjusted returns.
Long Exposure | 98.34% |
Short Exposure | -28.52% |
Net Exposure | 69.82% |
|
Percent |
Health Care |
18.06% |
Information Technology |
17.44% |
Consumer Discretionary |
11.57% |
Materials |
9.91% |
Financials |
8.46% |
Industrials |
7.94% |
Communication Services |
6.78% |
Consumer Staples |
6.57% |
Energy |
3.42% |
Utilities |
2.41% |
Real Estate |
0.29% |
|
Percent |
Information Technology |
-5.85% |
Industrials |
-4.80% |
Consumer Discretionary |
-3.79% |
Consumer Staples |
-2.79% |
Communication Services |
-2.76% |
Materials |
-2.17% |
Health Care |
-1.69% |
Financials |
-1.62% |
Real Estate |
-1.50% |
Energy |
-1.13% |
Utilities |
-0.42% |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
152 |
25 |
--- |
--- |
Days Traded at Discount |
101 |
13 |
--- |
--- |
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FTLS |
10.76% |
-3.14 |
0.54 |
0.27 |
0.93 |
S&P 500 Index |
18.65% |
--- |
1.00 |
0.60 |
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 stocks 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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