Morningstar

First Trust Short Duration High Income Fund Class I FDHIX

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 17.68  /  0.00
  • Total Assets 54.6M
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.010%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 6.19%
  • Effective Duration —

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FDHIX

Will FDHIX outperform in the 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 FDHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FDHIX 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 FDHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust Short Duration High Inc I holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FDHIX

More FDHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Morgan Stanley Instl Lqudty Trs Instl

3.77 2M
Cash and Equivalents

Lightning Power LLC 7.25%

1.84 1M
Corporate

Truist Insurance Holdings LLC & Panther Co-Issuer Inc. 7.125%

1.59 957,377
Corporate

Athenahealth Group Inc

1.58 953,188
Corporate

Onedigital Borrower Llc

1.47 888,827
Corporate

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

1.42 858,939
Corporate

Garda World Security

1.31 788,332
Corporate

Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Fin

1.29 776,887
Corporate

Ardonagh Finco Ltd. 7.75%

1.22 737,505
Corporate

Acrisure Llc / Acrisure Fin Inc 7.5%

1.21 730,272
Corporate

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