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First Trust Long/Short Equity ETF

Fund Overview

  • Ticker:
    FTLS
  • Fund Category:
    Alternative Equity Focused
  • Portfolio Advisor:
    First Trust Advisors L.P.
  • Fund Manager:
    FT Portfolios Canada Co.
  • 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 2026-01-16)

  • Dividend Frequency:
    Quarterly
  • Dividend Per Share Amount:2
    $0.07000
  • Distribution Rate:3
    1.28%

Fund Characteristics - Long Exposure (as at 2025-12-31)4

  • Maximum Market Cap.:
    $6,213,592
  • Median Market Cap.:
    $78,900
  • Minimum Market Cap.:
    $5,291
  • Price/Earnings:
    26.41
  • Price/Book:
    5.35
  • Price/Cash Flow:
    19.27
  • Price/Sales:
    3.05

Fund Characteristics - Short Exposure (as at 2025-12-31)4

  • Maximum Market Cap.:
    $445,497
  • Median Market Cap.:
    $21,796
  • Minimum Market Cap.:
    $1,097
  • Price/Earnings:
    35.60
  • Price/Book:
    2.98
  • Price/Cash Flow:
    22.25
  • Price/Sales:
    2.06

Investment Objective

First Trust Long/Short Equity ETF (the "First Trust ETF") seeks to provide unitholders 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 2026-01-16) Currency: CAD

NAV1% Change$ Change
$21.880.46%$0.10
Daily Volume52-Week High/LowAVG 30-Day Volume
7,000$22.24 / $19.881,440
Total Net AssetsOutstanding UnitsNumber of Holdings
$3,281,487150,0001

Top Holding (as at 2026-01-16)5

Holding % of Net Assets
First Trust Long/Short Equity ETF 100.07%

Fund Exposure (as at 2026-01-16)

Long Exposure98.16%
Short Exposure-32.44%
Net Exposure65.72%

Portfolio Composition - Long Exposure (as at 2026-01-16)5

Sector % of Net Assets
Information Technology 32.55%
Financials 13.29%
Consumer Discretionary 12.29%
Communication Services 10.34%
Health Care 9.12%
Industrials 8.53%
Consumer Staples 5.01%
Materials 2.92%
Energy 2.22%
Utilities 1.47%
Real Estate 0.42%

Portfolio Composition - Short Exposure (as at 2026-01-16)5

Sector % of Net Assets
Information Technology -5.78%
Industrials -5.24%
Financials -2.42%
Health Care -2.19%
Consumer Discretionary -2.08%
Materials -1.93%
Utilities -1.53%
Consumer Staples -1.26%
Communication Services -1.25%
Energy -0.51%
Real Estate -0.07%

Country Breakdown - Long Exposure (as at 2026-01-16)5

Country % of Net Assets
United States 93.69%
Ireland 2.35%
United Kingdom 0.97%
Switzerland 0.60%
Canada 0.21%
Bermuda 0.14%
Taiwan 0.13%
Australia 0.07%

Country Breakdown - Short Exposure (as at 2026-01-16)5

Country % of Net Assets
United States -22.11%
Ireland -0.88%
The Netherlands -0.51%
Singapore -0.21%
United Kingdom -0.20%
Curacao -0.13%
Canada -0.10%
Cayman Islands -0.08%
China -0.02%
Israel -0.02%

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 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
3 Distribution rate is calculated by dividing the most recent annualized distribution paid or declared by the Net Asset Value. Distribution rates may vary. The distributed amount may include return of capital (ROC) from time to time.
4 All market capitalization numbers are in CAD$ Millions.
5 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, ©2026 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
Copyright ©2026 FT Portfolios Canada Co. All Rights Reserved.
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