Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
4.23% -7.16% 413.81M 107219.9
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
11.33% 35.00% -- Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of U.S. and foreign high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective World Stock
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
ICE BofA US High Yield TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Matt Jacob 2.03 yrs
Shu-Yang Tan 2.03 yrs
Cameron White 0.58 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 25, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
10.71%
-12.54%
29.44%
3.10%
14.90%
-18.79%
18.10%
-0.22%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.44%
13.40%
-8.94%
26.80%
7.51%
16.96%
-19.20%
36.97%
-4.84%
17.02%
-16.09%
26.18%
0.19%
16.50%
-21.76%
24.12%
4.73%
9.41%
-14.88%
18.43%
9.47%
6.76%
-23.48%
12.23%
3.02%
6.01%
-10.11%
24.18%
8.06%
14.69%
-27.06%
19.19%
8.52%
As of April 25, 2024.

Asset Allocation

As of January 31, 2024.
Type % Net % Long % Short
Cash -17.78% Upgrade Upgrade
Stock 0.14% Upgrade Upgrade
Bond 111.4% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 6.20% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is to provide current income. The Fund’s secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of U.S. and foreign high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective World Stock
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
ICE BofA US High Yield TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Matt Jacob 2.03 yrs
Shu-Yang Tan 2.03 yrs
Cameron White 0.58 yrs

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