Key stats
About First Trust Long/Short Equity
Expense ratio
1.46%
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Inception date
Sep 9, 2014
FTLS is actively-managed to invest in 90-100% long equity positions, partially offset by 0-50% short positions. It may also include investments in ETFs. The fund will avoid leverage from short sale proceeds and can take defensive cash positions. The funds active managers an internal team from First Trust, have broad discretion in long/short allocation and stock selection. The selection process will include fundamental, market-related, technical and statistical attributes to screen eligible securities. The funds active managers will use an earnings quality model ranking with long high quality, short low quality, as a primary signal but will also aim to balance factor exposure and market risk for the overall portfolio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Cash
Stocks96.36%
Technology Services12.89%
Electronic Technology10.62%
Health Technology7.33%
Finance7.16%
Consumer Services5.26%
Retail Trade4.76%
Consumer Non-Durables4.27%
Energy Minerals3.86%
Producer Manufacturing3.42%
Process Industries2.28%
Consumer Durables2.02%
Commercial Services1.79%
Transportation1.67%
Distribution Services1.49%
Industrial Services1.22%
Non-Energy Minerals1.20%
Health Services0.95%
Utilities0.41%
Communications0.17%
Bonds, Cash & Other3.64%
Cash35.03%
ETF1.04%
Miscellaneous−32.43%
Top 10 holdings
Dividends
Dividend payout history