The relationship between fish functional diversity and fishing levels at which its baselines shift is important to identify the consequences of fishing in ecosystem functioning. For the first time, we implemented a trait-based approach in the Argentine Patagonian sea to identify the vulnerability and spatiotemporal changes in functional diversity of fish assemblages bycatch by a trawling fleet targeting the Argentine red shrimp Pleoticus muelleri (Spence Bate, 1888) between 2003 and 2014. We coupled seven fish trophic traits to a reconstructed fish assemblage for the study area and bycatch and evaluated changes in fish species richness and four complementary functional diversity metrics [functional richness, redundancy, dispersion, and community trait values] along with fishing intensity, temporal use, latitudinal location, and depth of fishing grounds. Resident fishes larger than 30 cm in TL, with depressed and fusiform bodies, intermediate to high trophic levels, and feeding in shallow benthic, benthodemersal, and benthopelagic areas were vulnerable to bycatch. Fish assemblages exhibited a low functional trait redundancy, likely related to species influxes in a biogeographic ecotone with tropicalisation signs. Significantly increases in fish trait richness and dispersion polewards and with depth suggested new functional roles in these grounds, matching trends in community body size, reproductive load, maximum depth, trophic level, and diet breadth. Finally, a temporal increase in fish species and functional trait removal in fishing grounds led to trait homogenisation since the first year of trawling. The identified tipping points in temperate fish functional trait diversity highlight trait-based approaches within ecosystem-based fisheries management.