HYLS

Fund Description
The First Trust High Yield Long/Short ETF is an actively managed exchange-traded fund. The funds primary investment objective is to provide current income. The funds secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the funds advisor to be of comparable quality.
Fund Profile
Fund Name First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
Fund Exchange Ticker HYLS
Fund Sponsor First Trust
Fund ISIN US33738D4088
Net Expense Ratio 1.10 %
Fund Inception Date 26 February 2013
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Intermediate (3-10) years
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 19 March 2019
Asset Under Management 1132.13 Million (USD)
1 Month Total Return 1.46 %
Year To Date Return 7.74 %
1 Year Total Return 5.52 %
3 Year Annualized Total Return 5.83 %
NAV 47.87
Share Outstanding 23,650,000
Top 10 Holdings (18 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
TENET HEALTHCARE CORP 8.125% due 04/01/2022 BOND 0.0266000000
STARS GROUP HOLDINGS BV TSGICN TL B 1L USD BOND 0.0257000000
MPH ACQUISITION HOLDINGS 7.125% due 06/01/2024 BOND 0.0250000000
GRAY TELEVISION INC 5.875% due 07/15/2026 BOND 0.0240000000
CRC ESCROW ISSUER LLC 5.25% due 10/15/2025 BOND 0.0191000000
SINCLAIR TELEVISION GROUP 5.625% due 08/01/2024 BOND 0.0177000000
AMWINS GROUP INC 7.75% due 07/01/2026 BOND 0.0176000000
DEERFIELD HOLDINGS CORP DUFPHE TL B 1L USD BOND 0.0167000000
VALEANT PHARMACEUTICALS 6.125% due 04/15/2025 BOND 0.0166000000
SIX FLAGS ENTERTAINMENT 4.875% due 07/31/2024 BOND 0.0162000000