FTHY - FTHY: High Yield And Senior Loan Exposure With An Attractive Discount
2024-02-02 16:41:43 ET
Summary
- First Trust High Yield Opportunities 2027 Term Fund offers exposure to high-yield fixed-income bonds and senior loans.
- The fund has delivered respectable total NAV results relative to the high-yield bond space through most periods, with 2022 being a bit of an exception.
- FTHY continues to trade at an attractive discount and as a term fund that could potentially be realized in the future.
Written by Nick Ackerman, co-produced by Stanford Chemist.
FIRST TRUST HY OPPORTUNITIES 2027 TERM ( FTHY ) packages together a portfolio of both high-yield fixed-income bonds and provides exposure to some senior loans. This combination can help it navigate both a higher rate environment and also help support the fund when rates are lower. The fund is primarily invested in high-yield corporate bonds at this time, which it has tended to favor since its launch ....
FTHY: High Yield And Senior Loan Exposure With An Attractive Discount