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Manage AlertsFIRST TRUST HY OPPORTUNITIES 2027 Term:FTHY
Overview
As of 8/22/2024
| Share Price | NAV | Premium/ Discount | |
|---|---|---|---|
| Current | $14.71 | $15.45 | -4.79% |
| 52 Wk Avg | $13.97 | $15.40 | -9.26% |
| 52 Wk High | $14.90 | $15.97 | -3.25% |
| 52 Wk Low | $12.66 | $14.80 | -14.38% |
| Regular Distribution Type† | Managed Distribution |
| Distribution Rate | N/A |
| Distribution Amount | |
| Distribution Frequency |
Closing Price ($) vertical range:
Past performance is no guarantee of future results.
Basic Information
Investment Objective
The investment objective of the First Trust High Yield Opportunities 2027 Term Fund is to provide current income. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its Managed Assets in high yield debt securities of any maturity that are rated below investment grade at the time of purchase or unrated securities determined by the First Trust Leveraged Finance Team to be of comparable quality. Such securities include U.S. and non-U.S. corporate debt obligations and senior, secured floating rate loans ('Senior Loans').
Capital Structure
As of 8/22/2024
| Total Investment Exposure: | $705.143M |
| Total Common Assets: | $568.003M |
| Common Shares Outstanding: | 36,772,989 |
Leverage
As of 8/22/2024
| Total Debt (USD): | $137.000M |
| Regulatory Leverage (USD): | $137.000M |
| Effective Leverage (USD): | $137.000M |
| Effective Leverage (%): | 19.43% |
Annual Expense Ratios
As of 5/31/2024
| Per Common Share | |
| Management Fees | 1.65% |
| Other Expenses: | 0.16% |
| Baseline Expense: | N/A |
| Interest Expense: | 1.53% |
| Total: | 3.34% |
Fund Management
Fund Sponsor
First Trust Advisors L.P.
Portfolio Managers
Jeffrey Scott, William Housey
Basics
| Category: | Fixed Income - Taxable-High Yield |
| Ticker: | FTHY |
| NAV Ticker: | XFTHYX |
| Average Daily Volume (shares): | 123,725 |
| Average Daily Volume (USD): | $1.734M |
| Inception Date: | 6/25/2020 |
| Inception Share Price: | $20.00 |
| Inception NAV: | $20.00 |
| Tender Offer: | No |
| Term: | Yes |
| Fiscal Year End: | May 31 |
Third Party Links & Reports
Distributions
As of
Past performance is no guarantee of future results.
Distribution History
Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.
to
| Declared Date | Payable Date | Ex Date | Distrib Amount | Income | Long Gain | Short Gain | ROC |
|---|
*Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.
Key Information Regarding Distributions†
ERROR: No data
Pricing Information
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 8/23/2024
| Period | Avg Discount |
|---|---|
| 6 Month | -6.67% |
| 1 Year | -9.26% |
| 3 Year | -8.44% |
| 5 Year |
Z-Score
As of 8/23/2024
| Period | ZStat |
|---|---|
| 3 Month | 0.86 |
| 6 Month | 1.45 |
| 1 Year | 1.64 |
Pricing History
from
| Date | NAV | Premium / Discount |
|---|
Performance
Calendar Year Total Returns
As of 7/31/2024
Category: Morningstar US CEF High Yield
| Return Year | Price | NAV | Category - Price | Category - NAV |
|---|---|---|---|---|
| YTD | 14.04% | 2.33% | 10.92% | 5.34% |
| 2023 | 14.63% | 12.96% | 15.92% | 11.97% |
| 2022 | -25.58% | -15.81% | -15.67% | -10.18% |
| 2021 | 6.80% | 2.07% | 18.38% | 9.49% |
Past performance is no guarantee of future results.
View Group Definitions
Annualized Total Returns
Returns for periods less than one year are cumulative rather than annualized
As of 7/31/2024
Category: Morningstar US CEF High Yield
Past performance is no guarantee of future results.
Portfolio Characteristics
Portfolio Characteristics
| Average Coupon: As of 8/22/2024 | 6.24% |
| Number of Holdings: As of 7/31/2024 | 239 |
| Annual Portfolio Turnover: As of 5/31/2024 | 52.00% |
| Average Bond Price: As of 7/31/2024 | $95.42 |
Asset Allocation
As of 7/31/2024
Top Sectors
As of 7/31/2024
| Sector | %Portfolio |
|---|---|
| Corporate (Super Sector) | 99.44% |
| Corporate Bond | 83.07% |
| Bank Loan | 16.37% |
| Cash Equivalents | 0.56% |
| Cash Equivalents (Super Sector) | 0.56% |
Top Holdings
As of 7/31/2024
| Holding | Value | % Portfolio |
|---|---|---|
| SS&C Technologies, Inc. 5.5% | $22.67M | 3.37% |
| Sinclair Television Group, Inc. 5.125% | $13.88M | 2.07% |
| 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | $12.81M | 1.91% |
| Graham Packaging Company Inc 7.125% | $12.50M | 1.86% |
| Open Text Corp 6.9% | $12.11M | 1.80% |
| Medline Borrower LP 3.875% | $9.20M | 1.37% |
| United Rentals (North America), Inc. 6% | $8.92M | 1.33% |
| Clarios Global LP 8.5% | $8.77M | 1.31% |
| Tegna Inc 4.625% | $8.28M | 1.23% |
| Mh Sub I Llc Term Loan | $8.19M | 1.22% |
Credit Quality
As of 7/31/2024
Maturity Breakdown
As of 7/31/2024
Country Allocation
As of 7/31/2024
| Country | % Portfolio |
|---|---|
| United States - Fixed Income | 72.69% |
| Canada - Fixed Income | 7.38% |
| France - Fixed Income | 1.11% |
| Netherlands - Fixed Income | 1.06% |
| United Kingdom - Fixed Income | 0.60% |
| Mexico - Fixed Income | 0.14% |
| Finland - Fixed Income | 0.09% |
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.
NOTES:
† Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.
The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.
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Important information:
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Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific Fund, please visit the Fund sponsor's website.
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