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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.74

$467 M

0.00%

1.84%

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

$12.7
N/A
N/A

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 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.74

$467 M

0.00%

1.84%

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust High Income Long/Short Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Oct 01, 2010
  • Shares Outstanding
    33470143
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shu-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

  1. United States Treasury Notes 1.375% 5.87%
  2. United States Treasury Notes 2.875% 4.89%
  3. Bausch Health Companies Inc 7.25% 1.50%
  4. Dell International L.L.C. and EMC Corporation 8.35% 1.43%
  5. Trugreen Lp Term Loan B 1.37%
  6. Trugreen Lp Term Loan B 1.37%
  7. Trugreen Lp Term Loan B 1.37%
  8. Trugreen Lp Term Loan B 1.37%
  9. Trugreen Lp Term Loan B 1.37%
  10. 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

View More +

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