FSD First Trust High Income Long/Short Fund CEF Edit This CEF

This is an actively managed closed end fund that seeks current income. The Fund's secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of U.S. and foreign (including emerging markets) high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase. Below-investment grade fixed-income securities are commonly referred to as "high-yield" or "junk" bonds and are considered speculative with respect to the issuer's capacity to pay interest and repay principal. As part of its investment strategy, the Fund intends to maintain both long and short positions in securities under normal market conditions. The Fund will take long positions in securities that the Fund's Sub-Advisor believes offer the potential for attractive returns and that it considers in the aggregate to have the potential to outperform the Fund's benchmark, the ICE BofAML US High Yield Constrained Index (the "Index"). The Fund will take short positions in securities that the Sub-Advisor believes in the aggregate will underperform the Index. The Fund's long positions, either directly or through derivatives, may total up to 130% of the Fund's Managed Assets. The Fund's short positions, either directly or through derivatives, may total up to 30% of the Fund's Managed Assets.

$11.01
As of 03/23/2023     IEX book   CBOE book

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CEF Information

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Sponsor:     First Trust
Category1:  Alternatives
Category2:  Long/short debt
Category3:  
Morningstar category:  High Yield Bond
Leverage factor:  1.31    as of 10/31/2018
Inception date:  09/28/2010
Current yield:  11.44%
Historical average yield:  8.40%
Market cap:  $366,534,075
Average volume:  86,303
Fees:     1.8600%
Investment style: Actively managed
All SEC Filings:  SEC Edgar Online
Semi-Annual filings:  N-CSR
Quarterly holdings:  NPORT


Fund NAV:              $12.36
Trading discount:     -10.92%