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First Trust Long/Short Equity ETF

Fund Overview

  • Ticker:
    FTLS
  • Fund Category:
    Alternative Equity Focused
  • Fund Manager:
    FT Portfolios Canada Co.
  • Portfolio Advisor:
    First Trust Advisors L.P.
  • CUSIP:
    33744B107
  • ISIN:
    CA33744B1076
  • SEDOL:
    BVDKFY2
  • Currency:
    CAD
  • Fiscal Year-End:
    31-12
  • Exchange:
    Toronto Stock Exchange
  • Inception:
    2025-07-18
  • Inception Price:
    $20.00
  • Inception NAV:
    $20.00
  • Eligibility:
    RRSP, RRIF, RESP, TFSA, DPSP, RDSP

Fees and Expenses

  • Management Fee: 0.15%
The First Trust ETF's management fee will also bear the management fee of the underlying fund (i.e. First Trust Long/Short Equity ETF).
Please refer to the prospectus for detailed explanation of the fund's fees and expenses.

Distribution Information (as at 2025-07-21)

  • Dividend Frequency:
    Quarterly

Fund Characteristics - Long Exposure (as at 2025-07-21)2

  • Maximum Market Cap.:
    $5,720,527
  • Median Market Cap.:
    $12,246
  • Minimum Market Cap.:
    $1,110
  • Price/Earnings:
    22.86
  • Price/Book:
    4.32
  • Price/Cash Flow:
    17.21
  • Price/Sales:
    1.96

Fund Characteristics - Short Exposure (as at 2025-07-21)2

  • Maximum Market Cap.:
    $412,589
  • Median Market Cap.:
    $11,867
  • Minimum Market Cap.:
    $951
  • Price/Earnings:
    25.97
  • Price/Book:
    2.70
  • Price/Cash Flow:
    14.02
  • Price/Sales:
    1.87

Investment Objective

First Trust Long/Short Equity ETF (the "First Trust ETF") seeks to provide unithholders with long-term total return by investing in both a long and short portfolio of U.S. exchange listed equity securities and index futures contracts by investing (a) at least 80% of its net assets in U.S. exchange-listed equity securities of U.S. and other foreign companies such as common stocks and exchange-traded funds and (b) up to 20% of its net assets in U.S. exchange-listed equity index futures contracts. The First Trust ETF may also invest in equity securities of master limited partnerships and real estate investment trusts. The First Trust seeks to achieve its investment objectives by investing all or substantially all of its assets in First Trust Long/Short Equity ETF (the "Underlying Fund"), a U.S. exchange-traded fund listed on the NYSE Arca, Inc.

Current Data (as at 2025-07-21) Currency: CAD

NAV1% Change$ Change
$19.97----------
Daily Volume52-Week High/LowTotal Net Assets
0$20.00 / $19.97$998,491
Outstanding UnitsNumber of Holdings
50,0001

Top Holding (as at 2025-07-21)3

Holding % of Net Assets
First Trust Long/Short Equity ETF 99.80%

Portfolio Compostion - Long Exposure (as at 2025-07-21)3

% of Net Assets
Information Technology 25.60%
Consumer Discretionary 20.54%
Health Care 11.01%
Financials 10.94%
Communication Services 8.66%
Industrials 8.40%
Consumer Staples 4.94%
Energy 4.37%
Real Estate 2.47%
Materials 1.93%

Portfolio Compostion - Short Exposure (as at 2025-07-21)3

% of Net Assets
Information Technology -6.61%
Industrials -6.36%
Materials -3.42%
Health Care -3.19%
Financials -2.72%
Consumer Staples -2.22%
Consumer Discretionary -2.13%
Energy -1.78%
Communication Services -1.22%
Real Estate -0.73%

Country Breakdown - Long Exposure (as at 2025-07-21)3

% of Net Assets
United States 92.34%
Ireland 2.33%
Canada 2.02%
United Kingdom 0.77%
China 0.56%
Belgium 0.29%
South Africa 0.18%
Luxembourg 0.14%
Norway 0.11%
Cayman Islands 0.03%
Israel 0.03%
Bermuda 0.02%
Indonesia 0.02%
Singapore 0.02%

Country Breakdown - Short Exposure (as at 2025-07-21)3

% of Net Assets
United States -25.07%
Ireland -1.69%
United Kingdom -1.40%
Canada -0.58%
Curacao -0.41%
France -0.24%
India -0.21%
Taiwan -0.21%
Japan -0.19%
Brazil -0.14%
Bermuda -0.13%
China -0.07%
Cayman Islands -0.04%

Risk Rating

This rating is based on how much the ETF’s returns have changed from year to year. It doesn’t tell you how volatile the ETF will be in the future. The rating can change over time. An ETF with a low risk rating can still lose money.

For more information about the risk rating and specific risks that can affect the ETF’s returns, see the Risk section of the ETF’s prospectus.

Footnotes

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares.
2 All market capitalization numbers are in CAD$ Millions.
3 Percentage of net assets may not equal 100%

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2025 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Commissions, management fees and expenses all may be associated with Exchange-Traded Fund investments. Please carefully read the prospectus of the fund before investing. Exchange-Traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

FT Portfolios Canada Co.
40 King Street West, Suite 5102, Scotia Plaza, Box 312, Toronto, ON M5H 3Y2 1-877-622-5552
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