Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.02% -0.05% 1.443B 176824.5
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
6.27% 29.00% -170.76M Upgrade

Basic Info

Investment Strategy
The investment seeks current income; capital appreciation is the secondary objective. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
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 Corporate Bond - High Yield
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
ICE BofA US HY Constnd TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
William Housey 11.10 yrs
Jeffrey Scott 4.08 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 17, 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
6.38%
-2.46%
14.64%
5.31%
3.68%
-12.84%
13.65%
-1.37%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-2.94%
6.48%
-3.27%
14.88%
4.95%
3.99%
-12.20%
12.41%
-0.52%
7.35%
-3.34%
13.16%
6.65%
5.60%
-10.58%
12.80%
-0.15%
6.07%
-2.02%
14.09%
4.48%
3.75%
-10.99%
11.53%
-0.53%
6.00%
-1.80%
14.06%
5.04%
3.93%
-10.81%
12.02%
-0.58%
As of April 17, 2024.

Asset Allocation

As of April 15, 2024.
Type % Net % Long % Short
Cash 0.25% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.75% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks current income; capital appreciation is the secondary objective. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
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 Corporate Bond - High Yield
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
ICE BofA US HY Constnd TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
William Housey 11.10 yrs
Jeffrey Scott 4.08 yrs

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