HYLSFirst Trust Tactical High Yield ETF
HYLS Fund Description
HYLS is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.
HYLS Factset Analytics Insight
HYLS offers an actively-managed portfolio of high-yield debts with the added twist of shorting debt instruments it expects to underperform. While it goes long on high-yield securities, it can short (up to 30%) any debt instruments expected to underperform. The fund can also invest up to 15% of its assets in distressed debt and up to 10% in locally denominated foreign debts, giving the fund its global reach. The bulk of HYLS's debt is rated in the BB to CCC+ range and mostly concentrated in the media, healthcare, and hotels & leisure sector. Still, as an active fund, HYLS has the flexibility to change its long/short exposure quickly and it isn't limited to USD-denominated debt.
HYLS Summary Data
HYLS Portfolio Data
HYLS Index Data
HYLS Portfolio Management
HYLS Tax Exposures
HYLS Fund Structure
HYLS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYLS. HYLS is rated a N/A out of 5.