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 1.23 %
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 26 January 2021
Asset Under Management 2180.26 Million (USD)
1 Month Total Return 1.17 %
Year To Date Return 0.90 %
1 Year Total Return 5.78 %
3 Year Annualized Total Return 5.54 %
NAV 48.83
Share Outstanding 44,650,000
Top 10 Holdings (26 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
SPIRIT AEROSYSTEMS INC 5.50% due 01/15/2025 BOND
TENET HEALTHCARE CORP 4.625% due 09/01/2024 BOND
LEVEL 3 FINANCING INC 3.625% due 01/15/2029 BOND
LEVEL 3 FINANCING INC 4.25% due 07/01/2028 BOND
LEVEL 3 FINANCING INC 5.25% due 03/15/2026 BOND
NUMERICABLE-SFR SA SFRFP TL B12 1L USD BOND
SIRIUS XM RADIO INC 4.125% due 07/01/2030 BOND
BAUSCH HEALTH COS INC 5.25% due 02/15/2031 BOND
MIDWEST PHYSICIAN ADMINS MIDPHY TL 1L USD BOND
CATALENT PHARMA SOLUTION 5% due 07/15/2027 BOND