FFLS ETF — The Future Fund Long/Short ETF

The Future Fund Long/Short ETF (FFLS)

Updated October 16, 2026.

FFLS is an ETF. its distribution rate is 6.60%, its trailing-12-month yield is 6.60%, its expense ratio is 1.24%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 28.7% over the past 3.3 years, 53.9 points behind SPY at 82.6%.

The Future Fund Long/Short ETF is an actively managed equity ETF that invests at least 80% of its assets in long and short positions in U.S. exchange-listed stocks and ADRs, with a focus on mid and large-cap companies. The fund carries a current distribution rate in the mid-single digits, pays distributions annually, and has an expense ratio of 1.24%. It appeals to investors seeking equity market exposure with a long/short strategy that may aim to reduce overall market volatility through offsetting positions.

FFLS performance versus SPY

Price and return data through 2026-10-16.

Total return is 28.7% over the past 3.3 years, 53.9 points behind SPY at 82.6%. Over the past year its total return — price change plus distributions reinvested — is -0.1%. Its deepest 1-year drawdown was 9.6%.

FFLS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Future Fund

Asset type

ETF

Asset class

Equity

Inception date

06/20/2023

Expense ratio

1.24%

Distribution rate

6.60%

Distribution frequency

Annual

Trailing yield

6.60%

Last close

$23.14 (as of 2026-10-16)

AUM

$45,904,369

Average volume

161.0

Dividend

$1.527

Ex-dividend date

12/26/2025

Payment date

12/30/2025

Beta

0.54

How Dividend Vision calculates yield and returns

Distribution rate (6.60%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Future Fund; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FFLS risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.6%.

Who may consider FFLS — and who may not

It is a weaker fit for investors who need monthly cash flow (FFLS pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FFLS

• All tickers starting with F

Frequently asked questions

More securities from Future Fund.