Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
First Trust Short Duration High Inc I FDHIX
- NAV / 1-Day Return 18.13 / +0.09 %
- Total Assets 83.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 7.25%
- Effective Duration —
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 11:06 PM GMT+0
Morningstar’s Analysis FDHIX
Will FDHIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 24.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Morgan Stanley Instl Lqudty Trs Instl | 10.21 | 9.1 Mil | Cash and Equivalents |
SS&C Technologies, Inc. 5.5% | 4.09 | 3.7 Mil | Corporate |
Verscend Holding Corp Vcvhho Tl B 1l Usd | 3.22 | 2.9 Mil | Corporate |
Zelis Payments Buyer Inc Strato Tl B 1l Usd | 2.92 | 2.6 Mil | Corporate |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.125% | 2.28 | 2.0 Mil | Corporate |
Nexstar Escrow Inc 5.625% | 2.28 | 2.0 Mil | Corporate |
Hub International Ltd Hbgcn Tl B 1l Usd | 2.08 | 1.9 Mil | Corporate |
Athenahealth Inc Athena Tl 1l Usd | 1.89 | 1.7 Mil | Corporate |
CSC Holdings, LLC 5.75% | 1.76 | 1.6 Mil | Corporate |
Camelot Finance Sa Ccc Tl B 1l Usd | 1.74 | 1.6 Mil | Corporate |