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

27.94 661M
Cash and Equivalents

NVIDIA Corp

6.89 163M
Technology

Apple Inc

6.33 150M
Technology

Microsoft Corp

4.79 113M
Technology

Alphabet Inc Class A

4.69 111M
Communication Services

Dreyfus Govt Cm Inst 289

3.95 93M
Cash and Equivalents

Amazon.com Inc

2.93 69M
Consumer Cyclical

Seagate Technology Holdings PLC

1.86 44M
Technology

Analog Devices Inc

1.61 38M
Technology

Visa Inc Class A

1.37 32M
Financial Services

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