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Morningstar

First Trust Tactical High Yield ETF HYLS

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis HYLS

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.

This strategy’s risks could be rewarding, but proceed with caution.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

First Trust Tactical High Yield ETF HYLS is managed by an experienced team; however, the use of leveraged positions coupled with its penchant for riskier securities warrant caution. This, along with an expensive price tag, result in a Morningstar Analyst Rating of Neutral.

by Saraja Samant
Rated on Published on

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Portfolio Holdings HYLS

More HYLS Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 312
  • Other Holdings 3
  • % Assets in Top 10 Holdings 23.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Instl Lqudty Trs Instl

3.79
57,329,275
Cash and Equivalents

Amwins Group Inc 4.875%

3.24
49,043,994
Corporate

HUB International Ltd.

3.04
45,992,154
Corporate

SS&C Technologies, Inc. 5.5%

2.67
40,403,803
Corporate

Nexstar Escrow Inc 5.625%

2.48
37,494,296
Corporate

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75%

2.38
35,997,809
Corporate

AssuredPartners Inc 5.625%

2.10
31,787,578
Corporate

Verscend Escrow Corp 9.75%

2.01
30,475,304
Corporate

Verscend Holding Corp Vcvhho Tl 08/27/25

1.84
27,885,024
Corporate

Select Medical Corporation 6.25%

1.72
25,960,425
Corporate