First Trust High Income Long/Short Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.2%
1 yr return
2.2%
3 Yr Avg Return
-8.0%
5 Yr Avg Return
-4.9%
Net Assets
$467 M
Holdings in Top 10
20.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XFSDX - Profile
Distributions
- YTD Total Return -1.2%
- 3 Yr Annualized Total Return -8.0%
- 5 Yr Annualized Total Return -4.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust High Income Long/Short Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateOct 01, 2010
-
Shares Outstanding33470143
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerShu-Yang Tan
Fund Description
XFSDX - Performance
Return Ranking - Trailing
Period | XFSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -4.9% | 8.2% | 98.28% |
1 Yr | 2.2% | -4.3% | 26.0% | 98.59% |
3 Yr | -8.0%* | -15.6% | 20.6% | 98.37% |
5 Yr | -4.9%* | -11.2% | 37.3% | 98.62% |
10 Yr | -0.7%* | -4.7% | 19.5% | 98.12% |
* Annualized
Return Ranking - Calendar
Period | XFSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -4.7% | 14.3% | 92.39% |
2022 | -22.3% | -33.4% | 3.6% | 95.92% |
2021 | -2.5% | -8.4% | 14.9% | 92.99% |
2020 | -3.7% | -13.9% | 302.7% | 96.13% |
2019 | 9.7% | -4.4% | 13.3% | 11.55% |
Total Return Ranking - Trailing
Period | XFSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -4.9% | 8.2% | 98.28% |
1 Yr | 2.2% | -4.3% | 26.0% | 98.59% |
3 Yr | -8.0%* | -15.6% | 20.6% | 98.37% |
5 Yr | -4.9%* | -11.2% | 37.3% | 98.62% |
10 Yr | -0.7%* | -4.7% | 19.5% | 98.12% |
* Annualized
Total Return Ranking - Calendar
Period | XFSDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -4.7% | 18.7% | 98.76% |
2022 | -22.3% | -33.4% | 47.8% | 97.81% |
2021 | -2.5% | -8.4% | 24.8% | 97.72% |
2020 | -3.7% | -9.6% | 325.6% | 97.82% |
2019 | 13.9% | -3.8% | 21.5% | 47.93% |
NAV & Total Return History
XFSDX - Holdings
Concentration Analysis
XFSDX | Category Low | Category High | XFSDX % Rank | |
---|---|---|---|---|
Net Assets | 467 M | 1.85 M | 22.6 B | 51.61% |
Number of Holdings | 399 | 2 | 2736 | 39.81% |
Net Assets in Top 10 | -7.44 M | -492 M | 4.45 B | 99.54% |
Weighting of Top 10 | 20.06% | 4.2% | 149.6% | 21.60% |
Top 10 Holdings
- United States Treasury Notes 1.375% 5.87%
- United States Treasury Notes 2.875% 4.89%
- Bausch Health Companies Inc 7.25% 1.50%
- Dell International L.L.C. and EMC Corporation 8.35% 1.43%
- Trugreen Lp Term Loan B 1.37%
- Trugreen Lp Term Loan B 1.37%
- Trugreen Lp Term Loan B 1.37%
- Trugreen Lp Term Loan B 1.37%
- Trugreen Lp Term Loan B 1.37%
- Trugreen Lp Term Loan B 1.37%
Asset Allocation
Weighting | Return Low | Return High | XFSDX % Rank | |
---|---|---|---|---|
Bonds | 118.80% | -3.13% | 154.38% | 1.23% |
Convertible Bonds | 1.36% | 0.00% | 17.89% | 37.04% |
Preferred Stocks | 1.26% | 0.00% | 8.06% | 8.95% |
Stocks | 0.07% | 0.00% | 99.61% | 62.37% |
Other | 0.00% | -63.70% | 102.57% | 72.07% |
Cash | -21.49% | -52.00% | 49.49% | 99.54% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XFSDX % Rank | |
---|---|---|---|---|
Utilities | 82.09% | 0.00% | 100.00% | 2.23% |
Energy | 17.91% | 0.00% | 100.00% | 55.59% |
Technology | 0.00% | 0.00% | 33.17% | 77.65% |
Real Estate | 0.00% | 0.00% | 86.71% | 73.74% |
Industrials | 0.00% | 0.00% | 93.12% | 77.65% |
Healthcare | 0.00% | 0.00% | 22.17% | 73.18% |
Financial Services | 0.00% | 0.00% | 100.00% | 77.37% |
Communication Services | 0.00% | 0.00% | 99.99% | 85.20% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 74.58% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 81.84% |
Basic Materials | 0.00% | 0.00% | 100.00% | 74.86% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XFSDX % Rank | |
---|---|---|---|---|
US | 0.07% | 0.00% | 99.61% | 61.27% |
Non US | 0.00% | -0.01% | 0.83% | 72.69% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XFSDX % Rank | |
---|---|---|---|---|
Corporate | 96.08% | 0.00% | 129.69% | 43.12% |
Derivative | 2.33% | -15.04% | 42.26% | 3.70% |
Securitized | 1.24% | 0.00% | 97.24% | 22.87% |
Government | 0.34% | 0.00% | 99.07% | 24.11% |
Cash & Equivalents | 0.02% | 0.00% | 49.49% | 87.96% |
Municipal | 0.00% | 0.00% | 4.66% | 68.32% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XFSDX % Rank | |
---|---|---|---|---|
US | 101.39% | -3.13% | 129.21% | 1.08% |
Non US | 17.41% | 0.00% | 97.33% | 8.02% |
XFSDX - Expenses
Operational Fees
XFSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.84% | 0.04% | 31.61% | 11.11% |
Management Fee | 1.00% | 0.00% | 1.84% | 97.69% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
XFSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XFSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XFSDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 1.00% | 255.00% | 21.39% |
XFSDX - Distributions
Dividend Yield Analysis
XFSDX | Category Low | Category High | XFSDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 35.52% | 97.70% |
Dividend Distribution Analysis
XFSDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
XFSDX | Category Low | Category High | XFSDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.74% | -2.39% | 14.30% | 7.85% |
Capital Gain Distribution Analysis
XFSDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 17, 2019 | $0.105 | OrdinaryDividend |
May 15, 2019 | $0.105 | OrdinaryDividend |
Apr 15, 2019 | $0.105 | OrdinaryDividend |
Mar 15, 2019 | $0.105 | OrdinaryDividend |
Feb 15, 2019 | $0.105 | OrdinaryDividend |
Jan 15, 2019 | $0.105 | OrdinaryDividend |
Dec 17, 2018 | $0.105 | OrdinaryDividend |
Nov 15, 2018 | $0.105 | OrdinaryDividend |
Oct 15, 2018 | $0.105 | OrdinaryDividend |
Sep 17, 2018 | $0.105 | OrdinaryDividend |
Aug 15, 2018 | $0.105 | OrdinaryDividend |
Jul 16, 2018 | $0.105 | OrdinaryDividend |
Jun 15, 2018 | $0.105 | OrdinaryDividend |
May 15, 2018 | $0.105 | OrdinaryDividend |
Apr 16, 2018 | $0.105 | OrdinaryDividend |
Mar 15, 2018 | $0.105 | OrdinaryDividend |
Feb 15, 2018 | $0.128 | OrdinaryDividend |
Jan 16, 2018 | $0.128 | OrdinaryDividend |
Dec 15, 2017 | $0.128 | OrdinaryDividend |
Nov 15, 2017 | $0.127 | OrdinaryDividend |
Oct 16, 2017 | $0.127 | OrdinaryDividend |
Sep 15, 2017 | $0.127 | OrdinaryDividend |
Aug 15, 2017 | $0.126 | OrdinaryDividend |
Jul 17, 2017 | $0.126 | OrdinaryDividend |
Jun 15, 2017 | $0.125 | OrdinaryDividend |
May 15, 2017 | $0.124 | OrdinaryDividend |
Apr 17, 2017 | $0.123 | OrdinaryDividend |
Mar 15, 2017 | $0.122 | OrdinaryDividend |
Feb 15, 2017 | $0.110 | OrdinaryDividend |
Jan 17, 2017 | $0.110 | OrdinaryDividend |
Dec 12, 2016 | $0.100 | OrdinaryDividend |
Nov 15, 2016 | $0.095 | OrdinaryDividend |
Oct 17, 2016 | $0.080 | OrdinaryDividend |
Sep 15, 2016 | $0.080 | OrdinaryDividend |
Aug 15, 2016 | $0.080 | OrdinaryDividend |
Jul 15, 2016 | $0.080 | OrdinaryDividend |
Jun 15, 2016 | $0.080 | OrdinaryDividend |
May 16, 2016 | $0.090 | OrdinaryDividend |
Apr 15, 2016 | $0.090 | OrdinaryDividend |
Mar 15, 2016 | $0.090 | OrdinaryDividend |
Feb 16, 2016 | $0.090 | OrdinaryDividend |
Jan 15, 2016 | $0.100 | OrdinaryDividend |
Dec 10, 2015 | $0.100 | OrdinaryDividend |
Nov 16, 2015 | $0.100 | OrdinaryDividend |
Oct 15, 2015 | $0.100 | OrdinaryDividend |
Sep 15, 2015 | $0.100 | OrdinaryDividend |
Aug 17, 2015 | $0.100 | OrdinaryDividend |
Jul 15, 2015 | $0.107 | OrdinaryDividend |
Jun 15, 2015 | $0.107 | OrdinaryDividend |
May 15, 2015 | $0.107 | OrdinaryDividend |
Apr 15, 2015 | $0.107 | OrdinaryDividend |
Mar 16, 2015 | $0.107 | OrdinaryDividend |
Feb 17, 2015 | $0.107 | OrdinaryDividend |
Jan 15, 2015 | $0.107 | OrdinaryDividend |
Dec 10, 2014 | $0.107 | OrdinaryDividend |
Nov 17, 2014 | $0.107 | OrdinaryDividend |
Oct 15, 2014 | $0.107 | OrdinaryDividend |
Sep 15, 2014 | $0.107 | OrdinaryDividend |
Aug 15, 2014 | $0.107 | OrdinaryDividend |
Jul 15, 2014 | $0.110 | OrdinaryDividend |
Jun 16, 2014 | $0.110 | OrdinaryDividend |
May 15, 2014 | $0.110 | OrdinaryDividend |
Apr 15, 2014 | $0.110 | OrdinaryDividend |
Mar 17, 2014 | $0.110 | OrdinaryDividend |
Feb 14, 2014 | $0.110 | OrdinaryDividend |
Jan 15, 2014 | $0.110 | OrdinaryDividend |
Dec 10, 2013 | $0.110 | OrdinaryDividend |
Nov 15, 2013 | $0.116 | OrdinaryDividend |
Oct 15, 2013 | $0.116 | OrdinaryDividend |
Sep 16, 2013 | $0.116 | OrdinaryDividend |
Aug 15, 2013 | $0.116 | OrdinaryDividend |
Jul 15, 2013 | $0.116 | OrdinaryDividend |
Jun 17, 2013 | $0.116 | OrdinaryDividend |
May 15, 2013 | $0.116 | OrdinaryDividend |
Apr 15, 2013 | $0.116 | OrdinaryDividend |
Mar 15, 2013 | $0.116 | OrdinaryDividend |
Feb 15, 2013 | $0.116 | OrdinaryDividend |
Jan 15, 2013 | $0.116 | OrdinaryDividend |
Dec 10, 2012 | $0.116 | OrdinaryDividend |
Nov 15, 2012 | $0.134 | OrdinaryDividend |
Oct 15, 2012 | $0.134 | OrdinaryDividend |
Sep 17, 2012 | $0.134 | OrdinaryDividend |
Aug 15, 2012 | $0.134 | OrdinaryDividend |
Jul 16, 2012 | $0.134 | OrdinaryDividend |
Jun 15, 2012 | $0.134 | OrdinaryDividend |
May 15, 2012 | $0.134 | OrdinaryDividend |
Apr 16, 2012 | $0.134 | OrdinaryDividend |
Mar 15, 2012 | $0.134 | OrdinaryDividend |
Feb 15, 2012 | $0.134 | OrdinaryDividend |
Jan 17, 2012 | $0.134 | OrdinaryDividend |
Dec 09, 2011 | $0.134 | OrdinaryDividend |
Nov 15, 2011 | $0.134 | OrdinaryDividend |
Oct 17, 2011 | $0.134 | OrdinaryDividend |
Sep 15, 2011 | $0.134 | OrdinaryDividend |
Aug 15, 2011 | $0.134 | OrdinaryDividend |
Jul 15, 2011 | $0.134 | OrdinaryDividend |
Jun 15, 2011 | $0.134 | OrdinaryDividend |
May 16, 2011 | $0.134 | OrdinaryDividend |
Apr 15, 2011 | $0.134 | OrdinaryDividend |
Mar 15, 2011 | $0.134 | OrdinaryDividend |
Feb 15, 2011 | $0.134 | OrdinaryDividend |
Jan 18, 2011 | $0.134 | OrdinaryDividend |
Dec 10, 2010 | $0.134 | OrdinaryDividend |
XFSDX - Fund Manager Analysis
Managers
Shu-Yang Tan
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
Shu-Yang Tan, CFA, is a Senior Portfolio Manager on the Global Credit team. He is part of the leadership team responsible for managing corporate credit across the group’s portfolios and is also a member of the Investment Policy and Credit Committees. In addition to managing portfolios, Shu-Yang also leads the ESG (Environmental, Social and Governance) investment efforts within the team and is responsible for its implementation. He is also charged with oversight of the team’s trading function. Prior to joining MacKay Shields, Shu-Yang spent 15 years as an Analyst, Trader, Senior Credit Portfolio Manager and Head of Credit Research with the Corporate Credit and Emerging Market Debt teams at UBS Asset Management. Before UBS, he was a Structured Product analyst with Eaton Vance and a Treasury Analyst at Wells Fargo Bank. Shu-Yang is a CFA charterholder and earned a BSc degree in Computer Science from York University in Toronto, and an MBA from Berkeley Haas at the University of California.
Eric Gold
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
Eric is the Head of the Global Credit team, Co-Head of the Credit Committee and a member of the Investment Policy Committee. Eric is responsible for leadership and oversight of the team’s strategies, spanning high yield, loans and investment grade credit. Before joining the Global Credit team, Eric served as a Managing Director on the MacKay High Yield team. Over his tenure at MacKay Shields, Eric has been active in credit analysis and portfolio construction, covering a wide array of industry sectors across the credit universe. Prior to joining MacKay Shields in 2010, he was a sell-side Analyst covering the telecommunications, cable and media sectors at Sterne Agee & Leach, Inc. Previously, he was an Analyst at BlackRock and a sell-side Analyst at Grantchester Securities where he was ranked by Institutional Investor as the #1 analyst in the wireless telecommunications sector for 1999, 2000, 2001 and 2002. Eric received a BA from Vassar College and an MBA from New York University. He has been working in the investment industry since 1987.
Matt Jacob
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |