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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.

Not worth the risk.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. The following text is from July 24, 2023. First Trust Tactical High Yield ETF benefits from an experienced team, but recent turnover coupled with the team’s use of leverage and its above-average risk bias mean it doesn’t stand out from peers.

by Saraja Samant
Rated on Published on

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Portfolio Holdings HYLS

More HYLS Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Instl Lqudty Trs Instl

4.81 70.0 Mil
Cash and Equivalents

SS&C Technologies, Inc. 5.5%

2.65 38.6 Mil
Corporate

United Rentals (North America), Inc. 6%

2.17 31.6 Mil
Corporate

Graham Packaging Company Inc 7.125%

2.10 30.5 Mil
Corporate

1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4%

1.94 28.2 Mil
Corporate

Select Medical Corporation 6.25%

1.84 26.7 Mil
Corporate

Open Text Corp 6.9%

1.61 23.4 Mil
Corporate

Cars.com Inc 6.375%

1.41 20.6 Mil
Corporate

Clarios Global LP 8.5%

1.34 19.4 Mil
Corporate

Milano Acquisition Corp Milacq Tl 08/17/27

1.31 19.0 Mil
Corporate