ATLASFirst Trust Long/Short Equity ETF (FTLS): outlook, holdings and fees
First Trust Long/Short Equity ETF (FTLS) is an exchange-traded fund and is managed by First Trust. The expense ratio is 1.51% and the yield is 0.87%. The ten largest holdings are 34% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FTLS
| Last price | $76.42 (-0.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 60% |
| Likely 1-month range (50%) | $75.70 – $78.00 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 0.87% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FTLS fund facts
| Issuer | First Trust |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $2.6B |
| Expense ratio | 1.51% |
| Number of holdings | 48 |
| Portfolio turnover | 276% |
| Inception | Sep 8, 2014 |
| Exchange | NYSE |
Under normal conditions, the fund will expose at least 80% of its net assets (including investment borrowings) to U.S. exchange-listed equity securities and/or U.S. exchange-traded funds (ETFs) that provide exposure to U.S. exchange-listed equity securities. It pursues its investment objective by establishing long and short positions in its portfolio of U.S. exchange-listed equity securities and ETFs. The fund may invest up to 20% of its net assets (including investment borrowings) in U.S. exchange-listed equity index futures contracts.
FTLS top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 7.52% |
| Apple Inc. AAPL | Technology | 6.10% |
| Microsoft Corporation MSFT | Technology | 4.94% |
| Alphabet Inc Class A GOOGL | Communication Services | 4.65% |
| Amazon.com Inc AMZN | Consumer Cyclical | 2.97% |
| Seagate Technology PLC STX | Technology | 1.99% |
| Analog Devices Inc ADI | Technology | 1.61% |
| Visa Inc. Class A V | Financial Services | 1.28% |
| Meta Platforms Inc. META | Communication Services | 1.21% |
| Texas Instruments Incorporated TXN | Technology | 1.26% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FTLS sector breakdown
| Sector | Weight |
|---|---|
| Technology | 38.2% |
| Healthcare | 10.7% |
| Financial Services | 10.0% |
| Industrials | 8.8% |
| Communication Services | 8.6% |
| Consumer Cyclicals | 7.7% |
| Energy | 5.6% |
| Consumer Defensive | 3.9% |
| Basic Materials | 3.2% |
| Real Estate | 3.0% |
| Utilities | 0.3% |
By region: North America 97.5%, Asia Developed 1.1%, United Kingdom 0.6%, Europe Developed 0.5%, Latin America 0.2%.
FTLS returns and risk
| Year to date | +9.9% |
|---|---|
| 1 year | +14.0% |
| 3 years (annualised) | +14.7% |
| 5 years (annualised) | +11.1% |
| 10 years (annualised) | +9.4% |
| Volatility (3 years) | 6.7% |
| Sharpe ratio (3 years) | 1.35 |
Past returns do not guarantee future results.
FTLS: frequently asked questions
What does FTLS invest in?
First Trust Long/Short Equity ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (7.5%), Apple Inc. (6.1%), Microsoft Corporation (4.9%), Alphabet Inc Class A (4.7%), Amazon.com Inc (3.0%).
What is the FTLS expense ratio?
1.51% a year: about $151.00 for every $10,000 invested.
What is the FTLS dividend yield?
0.87%. ATLAS does not hold the exact distribution dates for ETFs.
Will FTLS go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 60%, with a likely range (50%) of $75.70 to $78.00 from $76.42 today. It is a probability, not a prediction.
How has FTLS performed?
Year to date +9.9%, one year +14.0%, three years +14.7% a year, five years +11.1% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer