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First Trust Tactical High Yield ETF HYLS

Analyst rating as of
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Morningstar’s Analysis

Will HYLS outperform in future?

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Summary

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The Negative Morningstar Analyst Rating issued for First Trust Tactical High Yield ETF HYLS on June 24, 2020, was incorrect due to an error in the prospectus adjusted operating expense ratio that is used as an input to the rating. The correct prospectus adjusted operating expense ratio, exclusive of interest expense, is 0.95%. Based on this corrected figure, the strategy’s compact supporting team, and concerns around portfolio construction, the fund earns a Morningstar Analyst Rating of Neutral.

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