Key stats
About First Trust Tactical High Yield ETF
Expense ratio
1.02%
Home page
Inception date
Feb 27, 2013
ISIN
US33738D4088
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.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate92.01%
Miscellaneous3.14%
Loans3.09%
Cash1.55%
Mutual fund0.21%