---
ticker: "FTLS"
name: "First Trust Long/Short Equity ETF"
url: "https://etf.net/etf/FTLS"
grade: "A"
score: 73
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "5 of 30"
methodology: "https://etf.net/methodology"
---

# FTLS: First Trust Long/Short Equity ETF

Grade **A**, Score 73 of 100. Rank 5 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 9 of 30 |
| Mission | Not scored | — |
| Risk | 72 | 6 of 30 |
| Tradability | 84 | 2 of 30 |
| Holdings | 68 | 4 of 15 |
| Durability | 94 | 1 of 30 |

## Top holdings

The fund holds 270 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US Dollar | 31.54% |
| 2 | NVDA | NVIDIA Corporation | 7.23% |
| 3 | AAPL | Apple Inc. | 6.19% |
| 4 | MSFT | Microsoft Corporation | 4.72% |
| 5 | GOOGL | Alphabet Inc. (Class A) | 4.69% |
| 6 | AMZN | Amazon.com, Inc. | 2.99% |
| 7 | STX | Seagate Technology Holdings Plc | 2.09% |
| 8 | ADI | Analog Devices, Inc. | 1.61% |
| 9 | V | Visa Inc. (Class A) | 1.31% |
| 10 | META | Meta Platforms, Inc. (Class A) | 1.27% |
| 11 | TXN | Texas Instruments Incorporated | 1.21% |
| 12 | AVGO | Broadcom Inc. | 1.21% |
| 13 | MA | Mastercard Incorporated | 1.16% |
| 14 | CAT | Caterpillar Inc. | 1.15% |
| 15 | TSM | Taiwan Semiconductor Manufacturing Company Limited (ADR) | 1.09% |
| 16 | DELL | Dell Technologies Inc. (Class C) | 1.05% |
| 17 | CRM | Salesforce, Inc. | 1.03% |
| 18 | SHOP | Shopify Inc. (Class A) | 0.95% |
| 19 | CSCO | Cisco Systems, Inc. | 0.94% |
| 20 | SNOW | Snowflake Inc. (Class A) | 0.93% |
| 21 | GILD | Gilead Sciences, Inc. | 0.89% |
| 22 | VZ | Verizon Communications Inc. | 0.88% |
| 23 | ABBV | AbbVie Inc. | 0.87% |
| 24 | VLO | Valero Energy Corporation | 0.86% |
| 25 | C | Citigroup Inc. | 0.85% |
| 26 | FTNT | Fortinet, Inc. | 0.83% |
| 27 | MU | Micron Technology, Inc. | 0.83% |
| 28 | HPE | Hewlett Packard Enterprise Company | 0.82% |
| 29 | CVX | Chevron Corporation | 0.81% |
| 30 | MCK | McKesson Corporation | 0.80% |

Source: etf.net, https://etf.net/etf/FTLS. Please cite the page URL.