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Investment Objective/Strategy - The First Trust High Income Strategic Focus ETF's primary investment objective is to seek risk-adjusted income. The Fund's secondary investment objective is capital appreciation.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | HISF |
Fund Type | Multi Asset Income |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
CUSIP | 33739Q309 |
ISIN | US33739Q3092 |
Intraday NAV | HISFIV |
Fiscal Year-End | 10/31 |
Exchange | Nasdaq |
Inception | 8/13/2014 |
Inception Price | $50.00 |
Inception NAV | $50.00 |
Management Fees | 0.20% |
Acquired Fund Fees and Expenses | 0.70% |
Total Annual Expenses ^ | 0.90% |
Fee Waiver and Expense Reimbursement ^ | 0.03% |
Net Annual Expenses ^ | 0.87% |
^ As of Date 2/28/2022
Expenses are capped contractually at 0.87% per year, at least through March 1, 2023. Please see the Fees and Expenses of the Fund section in the fund’s prospectus for more details.
Closing NAV1 | $45.11 |
Closing Market Price2 | $45.08 |
Bid/Ask Midpoint | $45.13 |
Bid/Ask Premium | 0.04% |
30-Day Median Bid/Ask Spread3 | 0.11% |
Total Net Assets | $54,130,595 |
Outstanding Shares | 1,200,002 |
Daily Volume | 7,332 |
Average 30-Day Daily Volume | 8,537 |
Closing Market Price 52-Week High/Low | $51.15 / $44.76 |
Closing NAV 52-Week High/Low | $51.09 / $44.81 |
Number of Holdings (excluding cash) | 7 |
Holding |
Percent |
First Trust Low Duration Opportunities ETF |
20.95% |
First Trust TCW Opportunistic Fixed Income ETF |
19.79% |
First Trust Tactical High Yield ETF |
18.60% |
iShares 0-5 Year Investment Grade Corporate Bond ETF |
18.24% |
First Trust Senior Loan Fund |
10.12% |
First Trust Emerging Markets Local Currency Bond ETF |
7.09% |
First Trust Institutional Preferred Securities and Income ETF |
4.90% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Weighted Average Effective Duration9 | 3.38 Years |
|
2021 |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Days Traded at Premium |
122 |
35 |
20 |
--- |
Days Traded at Discount |
130 |
27 |
38 |
--- |
Government/Agency
|
26.97%
|
Cash
|
-0.09%
|
AAA
|
3.98%
|
AA+
|
0.21%
|
AA
|
1.88%
|
AA-
|
0.32%
|
A+
|
0.45%
|
A
|
9.56%
|
A-
|
1.65%
|
BBB+
|
2.90%
|
BBB
|
12.02%
|
BBB-
|
3.56%
|
BB+
|
2.13%
|
BB
|
2.97%
|
BB-
|
3.98%
|
B+
|
5.49%
|
B
|
7.91%
|
B-
|
6.69%
|
CCC+
|
3.99%
|
CCC
|
1.47%
|
CCC-
|
0.17%
|
CC
|
0.62%
|
C
|
0.11%
|
D
|
0.56%
|
A1+ (short-term)
|
0.00%
|
A1 (short-term)
|
0.00%
|
A2 (short-term)
|
0.00%
|
A3 (short-term)
|
0.00%
|
B (short-term)
|
0.00%
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NR
|
0.50%
|
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The credit quality and ratings information presented reflect the ratings assigned by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, a subsidiary of S&P Global Inc., Moody's Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the lowest ratings are used. Ratings are measured highest to lowest on a scale that generally ranges from AAA to D for long-term ratings and A-1 to C for short-term ratings. Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher or a short-term credit rating of A-3 or higher. "NR" indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under "Government/Agency". Credit ratings are subject to change.
|
Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
HISF |
11.77% |
1.33 |
1.58 |
0.17 |
0.66 |
Blended Benchmark |
5.05% |
--- |
1.00 |
0.09 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
Blended Benchmark - The Benchmark consists of a 70/30 blend of the Bloomberg US Aggregate Bond Index and the ICE BofA U.S. High Yield Constrained Index. The Blended Benchmark returns are calculated by using the monthly returns of the two indices during each period shown above. At the beginning of each month the two indices are rebalanced to a 70/30 ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Blended Benchmark for each period shown above. On February 28, 2022, the fund's benchmark changed from the Prior Blended Benchmark to the Blended Benchmark, because the Advisor believes that the Blended Benchmark better reflects the investment strategies of the Fund. Bloomberg US Aggregate Bond Index - The Index covers the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS, ABS, and CMBS. Prior Blended Benchmark - The Benchmark is equally weighted to include these six indexes: the Alerian MLP Index, Dow Jones U.S. Select Dividend Index, ICE BofA Fixed Rate Preferred Securities Index, ICE BofA U.S. High Yield Index, Bloomberg EM USD Aggregate Index and Bloomberg U.S. MBS Index. The Prior Blended Benchmark returns are calculated by using the monthly return of the six indices during each period shown above. At the beginning of each month the six indices are rebalanced to an equally weighted ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Prior Blended Benchmark for each period shown above. Russell 3000® Index - The Index is comprised of the 3000 largest and most liquid stocks based and traded in the U.S.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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