First Trust Tactical High Yield ETF benefits from an experienced team, but recent turnover coupled with the team’s use of leverage and its above-average risk bias mean it doesn’t stand out from peers. A previous version of this report incorrectly linked to the incorrect rating.
First Trust Tactical High Yield ETF HYLS
Morningstar’s Analysis HYLS
Will HYLS outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 20.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
SS&C Technologies, Inc. 5.5% | 2.70 | 38.1 Mil | Corporate |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% | 2.50 | 35.3 Mil | Corporate |
United Rentals (North America), Inc. 6% | 2.20 | 31.1 Mil | Corporate |
Graham Packaging Company Inc 7.125% | 2.15 | 30.3 Mil | Corporate |
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | 1.94 | 27.3 Mil | Corporate |
Nexstar Escrow Inc 5.625% | 1.90 | 26.8 Mil | Corporate |
Select Medical Corporation 6.25% | 1.88 | 26.6 Mil | Corporate |
AssuredPartners Inc 5.625% | 1.80 | 25.4 Mil | Corporate |
Open Text Corp 6.9% | 1.64 | 23.1 Mil | Corporate |
Cars.com Inc 6.375% | 1.46 | 20.6 Mil | Corporate |