First Trust Tactical High Yield HYLS benefits from an experienced team, but recent turnover and a complex process limit our confidence. It earns a Morningstar Analyst Rating of Neutral.
First Trust Tactical High Yield ETF HYLS
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HYLS outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYLS’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HYLS management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HYLS’s parent organization’s priorities and whether they’re in line with investors’ interests.
Some process concerns have been alleviated, but it still lacks a clear edge.
