HYLS offers an actively-managed portfolio of high-yield debts with the added twist of shorting debt instruments it expects to underperform. While it goes long on high-yield securities, it can short (up to 30%) any debt instruments expected to underperform. The fund can also invest up to 15% of its assets in distressed debt and up to 10% in locally denominated foreign debts, giving the fund its global reach. The bulk of HYLS's debt is rated in the BB to CCC+ range and mostly concentrated in the media, healthcare, and hotels & leisure sector. Still, as an active fund, HYLS has the flexibility to change its long/short exposure quickly and it isn't limited to USD-denominated debt.
公司网站 :
http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=hyls
总经理:-
建立时间:2013
公司总部:First Trust Tactical High Yield ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds