Investment Objective/Strategy - The First Trust Short Duration High Income Fund seeks to provide a high level of current income and as a secondary objective, capital appreciation. There can be no assurance the Fund's investment objectives will be achieved. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities and bank loans that are rated below-investment grade ("junk bonds") or unrated. The Fund may invest up to 15% of its net assets in non-U.S. securities denominated in non-U.S. currencies. The Fund may also invest in investment grade debt securities and convertible bonds.
There can be no assurance that the Fund's investment objectives will be achieved.