HYLS First Trust Tactical High Yield ETF

*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.

PERFORMANCE [as of 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYLS -6.39% -1.02% -16.24% -15.69% -2.30% 0.47% --
HYLS (NAV) -5.84% -0.62% -15.67% -15.17% -1.90% 0.70% --
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
1.13%
$1.63B
$11.40M
0.16%

HYLS Portfolio Data

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N/A
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HYLS Index Data

No Underlying Index
Proprietary
Proprietary
N/A

HYLS Portfolio Management

1.13%
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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
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N/A
N/A
Low
Daily

HYLS Factset Analytics Block Liquidity

As of 09/30/22
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

293,147
$11.40M
205,690
$8.45M
0.16%
$0.07
0.01%
0.97% / -1.13%
None
100.00%
50,000
4.11
0.02%
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0
$38.47
N/A

HYLS Sector/Industry Breakdown


HYLS
Segment Benchmark
32.37%
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15.49%
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13.08%
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8.05%
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6.57%
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3.77%
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3.32%
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2.21%
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2.15%
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1.78%
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HYLS Top 10 Holdings[View All]

6.75%
2.71%
2.61%
2.28%
2.22%
1.99%
1.98%
1.83%
1.75%
1.71%
25.83%

HYLS Performance Statistics

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HYLS Holdings Statistics

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HYLS Avg Life Maturity Distribution

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HYLS OAS Breakdown

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