First Trust Tactical High Yield ETF

Frequently Asked Questions About HYLS

What does HYLS invest in?

The First Trust Tactical High Yield ETF operates as an actively managed exchange-traded fund (ETF). Its foremost objective is to generate current income, while a secondary goal involves pursuing capital appreciation. In typical market conditions, the fund allocates at least 80% of its net assets (including any funds borrowed for investment purposes) to high-yield debt instruments. These instruments are either rated below investment grade at the time of their purchase or are unrated but considered by the fund's advisor to be of equivalent quality.

What is the expense ratio of HYLS?

First Trust Tactical High Yield ETF (HYLS) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYLS's dividend yield?

HYLS's trailing-twelve-month yield is 7.34%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYLS?

Effective duration measures HYLS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYLS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HYLS?

HYLS's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HYLS?

Yield to maturity (YTM) is the total return you'd earn from HYLS if every bond in the portfolio is held to maturity at the current price. HYLS's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.