Search for an ETF or holding
First Trust Long/Short Equity ETF
FTLS (First Trust Long/Short Equity ETF) is an active Alternative ETF by First. With a 1.38% MER, it provides diversified exposure through 358 holdings. Quarterly distribution with a 0.96% yield.
FTLS is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.38% MER reflects the costs of a more specialized management approach.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).