FTLS — First Trust Long/Short Equity ETF
First Trust Long/Short Equity ETF (FTLS)
FTLS pays a 1.08% distribution rate, quarterly, on a 1.38% expense ratio. Its Distribution Safety Score™ is 69 (Generally safe), giving a Safety-Adjusted Yield of 0.75%. Distributions fell 15.2% over the past year. Total return is 183.0% over the past 11.9 years, 193.4 points behind SPY at 376.4%. Its deepest 1-year drawdown was 3.8%.
First Trust Long/Short Equity ETF is an ETF that pursues a long/short strategy by establishing both long and short positions in U.S. exchange-listed equity securities and ETFs, with at least 80% of net assets committed to this strategy and the ability to use equity index futures for up to 20% of assets. The fund distributes quarterly at a modest current distribution rate and carries an expense ratio of 1.38%. It appeals to investors seeking equity market exposure with a market-neutral or hedged approach that aims to profit from both rising and falling stock prices.
FTLS key facts
- Distribution Safety Score™
- 69 · Generally safe
- Safety-Adjusted Yield
- 0.75%
- Issuer
- First Trust
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/08/2014
- Expense ratio
- 1.38%
- Distribution rate
- 1.08%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.86%
- Last close
- $76.44
- AUM
- $2,516,669,106
- Average volume
- 56600.0
- Last dividend
- $0.2070
- Ex-dividend date
- 06/25/2026
- Payment date
- 06/30/2026
- Beta
- 0.48
- P/E ratio
- 25.5755
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