Morningstar

First Trust Long/Short Equity ETF FTLS

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FTLS

Will FTLS outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FTLS’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FTLS management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FTLS’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust Long/Short Equity ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FTLS

More FTLS Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

29.08 663M
Cash and Equivalents

NVIDIA Corp

7.01 160M
Technology

Apple Inc

6.11 139M
Technology

Alphabet Inc Class A

4.52 103M
Communication Services

Microsoft Corp

4.42 101M
Technology

Dreyfus Govt Cm Inst 289

4.19 95M
Cash and Equivalents

Amazon.com Inc

2.93 67M
Consumer Cyclical

Seagate Technology Holdings PLC

2.35 53M
Technology

Analog Devices Inc

1.46 33M
Technology

Visa Inc Class A

1.27 29M
Financial Services

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