Key stats
About First Trust Tactical High Yield ETF
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Inception date
Feb 27, 2013
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
HYLS offers an actively-managed portfolio of high-yield debts with the added twist of shorting debt instruments it expects to underperform. While it goes long on high-yield securities, it can short (up to 30%) any debt instruments expected to underperform. The fund can also invest up to 15% of its assets in distressed debt and up to 10% in locally denominated foreign debts, giving the fund its global reach. The bulk of HYLS's debt is rated in the BB to CCC+ range and mostly concentrated in the media, healthcare, and hotels & leisure sector. Still, as an active fund, HYLS has the flexibility to change its long/short exposure quickly and it isn't limited to USD-denominated debt.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Miscellaneous
Bonds, Cash & Other100.00%
Corporate87.28%
Miscellaneous10.23%
Loans1.48%
Cash0.93%
Mutual fund0.09%
Stock breakdown by region
North America94.70%
Europe5.30%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYLS last dividends amounted to 0.22 USD. The month before, the issuer paid 0.22 USD in dividends,
HYLS assets under management is 1.67 B USD. It's risen 3.61% over the last month.
HYLS fund flows account for 215.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYLS pays dividends to its holders with the dividend yield of 6.18%. The last dividend (May 30, 2025) amounted to 0.22 USD. The dividends are paid monthly.
HYLS shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Feb 27, 2013, and its management style is Active.
HYLS expense ratio is 1.02% meaning you'd have to pay 1.02% of your investment to help manage the fund.
HYLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYLS invests in bonds.
HYLS price has risen by 0.81% over the last month, and its yearly performance shows a 1.18% increase. See more dynamics on HYLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a −0.18% decrease in three-month performance and has increased by 6.76% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.44% over the last month, showed a −0.18% decrease in three-month performance and has increased by 6.76% in a year.
HYLS trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.