First Trust Tactical High Yield ETF (HYLS) NASDAQ
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Address
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
United States of America (the)
Phone
1-800-621-1675
Sector
Financial Services
Industry
Asset Management - Bonds
Employees
N/A
First IPO Date
February 27, 2013
The First Trust Tactical High Yield ETF operates as an actively managed exchange-traded fund (ETF). Its foremost objective is to generate current income, while a secondary goal involves pursuing capital appreciation. In typical market conditions, the fund allocates at least 80% of its net assets (including any funds borrowed for investment purposes) to high-yield debt instruments. These instruments are either rated below investment grade at the time of their purchase or are unrated but considered by the fund's advisor to be of equivalent quality.