HYLS

First Trust Tactical High Yield ETF
C

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*Unless otherwise stated, data provided by FactSet.

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 sees sizeable daily volume, but spreads can be fairly wide, and it has some of the liquidity issues common to the high-yield bond market. HYLS has a high expense ratio, which sets a high threshold for performance.

HYLS Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYLS 0.01% 1.42% 11.97% 7.13% 5.23% 4.80% --
HYLS (NAV) 0.07% 1.25% 11.20% 7.00% 5.18% 4.61% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYLS Summary Data

First Trust
02/27/13
Open-Ended Fund
1.16%
$1.40B
$8.05M
0.06%

HYLS Portfolio Data

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09/25/19
254

HYLS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

HYLS Portfolio Management

1.16%
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HYLS Tax Exposures

20.00% / 39.60%
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Ordinary income
No

HYLS Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HYLS Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

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.

HYLS Tradability

167,123
$8.05M
142,245
$6.85M
0.06%
$0.03
0.10%
0.59% / -0.89%
None
100.00%
50,000
2.84
0.02%
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0
$48.12
N/A

HYLS Top 10 Holdings[View All]

5.46%
2.81%
2.17%
2.16%
1.98%
1.85%
1.84%
1.74%
1.64%
1.44%
23.09%

HYLS Performance Statistics

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HYLS Holdings Statistics

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254
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HYLS Avg Life Maturity Distribution

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HYLS OAS Breakdown

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