The Future Fund Long/Short ETF
FFLS
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ROIC.AI
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- The Future Fund Long/Short ETF (FFLS) is an actively managed exchange-traded fund that seeks capital appreciation by investing in a concentrated portfolio of long and short equity positions in companies positioned to benefit from or hindered by secular megatrends in technology, consumer preferences, demographics, and environmental sustainability; it primarily takes long positions in high-conviction growth stocks such as NVIDIA Corp., Alphabet Inc., Meta Platforms Inc., Micron Technology Inc., and Block Inc., while shorting perceived thematic losers including Booking Holdings Inc., Advanced Micro Devices Inc., and Cigna Group; the fund maintains a targeted net long exposure that may exceed 100% of net assets, with significant cash allocations, derivatives for hedging and enhancing returns, and low-to-moderate portfolio turnover under normal conditions. FFLS operates within the long-short equity segment, targeting U.S.-listed equities across market capitalizations with a focus on sectors like technology (approximately 32%), consumer cyclical (20%), communication services (18%), and healthcare (15%), and serves investors seeking risk-managed exposure to thematic opportunities; it is listed on NYSE Arca, distributed by Northern Lights Distributors LLC, with Brown Brothers Harriman & Co. as custodian and transfer agent. Launched on June 20, 2023, and advised by The Future Fund LLC, headquartered at 330 N. Wabash Avenue, Suite 2300, Chicago, Illinois, the ETF has grown within a suite that exceeded $200 million in assets under management across three funds as of July 2025, reflecting strong inflows and strategic expansion; recent developments include a December 2024 distribution of $0.7698 per share (comprising income and short-term gains), an updated prospectus dated October 1, 2024, and an extension of the expense limitation cap at 1.24% through September 30, 2026, alongside the June 2025 launch of a complementary small- and mid-cap opportunities ETF (FFOX) by the same advisor.