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 (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 03/22/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYLS 0.83% 8.03% 7.77% 6.02% 5.78% 3.87% --
HYLS (NAV) 0.88% 7.40% 7.21% 5.76% 5.83% 3.86% --
No Underlying Index -- -- -- -- -- -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYLS Top 10 Holdings [View All]

HYLS Summary Data

First Trust
02/27/13
Open-Ended Fund
1.16%
$1.13B
$8.88M
0.06%

HYLS Portfolio Data

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03/21/19
221

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 -
Daily Spread
Premium/Discount
Volume

HYLS Factset Analytics Block Liquidity

As of 03/25/19
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 4 out of 5.

HYLS Tradability

187,847
$8.88M
120,106
$5.75M
0.06%
$0.03
0.01%
0.48% / -0.89%
None
100.00%
50,000
2.40
0.02%
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$47.65
4

HYLS Top 10 Holdings[View All]

9.94%
9.92%
2.63%
2.48%
2.36%
1.91%
1.76%
1.74%
1.66%
1.60%
36%

HYLS Performance Statistics

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HYLS HOLDINGS STATISTICS


HYLS
Segment Benchmark
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221
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N/A

HYLS MATURITY DISTRIBUTION


HYLS
Segment Benchmark
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HYLS CREDIT BREAKDOWN


HYLS
Segment Benchmark
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