Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
First Trust Short Duration High Inc I FDHIX
- NAV / 1-Day Return 17.97 / +0.25 %
- Total Assets 81.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 7.94%
- Effective Duration —
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FDHIX
Will FDHIX 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 23.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Morgan Stanley Instl Lqudty Trs Instl | 7.30 | 6.4 Mil | Cash and Equivalents |
Us Dollar | 4.78 | 4.2 Mil | Cash and Equivalents |
SS&C Technologies, Inc. 5.5% | 4.41 | 3.8 Mil | Corporate |
Verscend Holding Corp Vcvhho Tl B 1l Usd | 3.30 | 2.9 Mil | Corporate |
Nexstar Escrow Inc 5.625% | 2.55 | 2.2 Mil | Corporate |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.125% | 2.48 | 2.2 Mil | Corporate |
Hub International Ltd Hbgcn Tl B 1l Usd | 2.14 | 1.9 Mil | Corporate |
CSC Holdings, LLC 5.75% | 1.86 | 1.6 Mil | Corporate |
Milano Acquisition Corp Milacq Tl 1l Usd | 1.80 | 1.6 Mil | Corporate |
United Rentals (North America), Inc. 6% | 1.77 | 1.5 Mil | Corporate |