FSD News and Press, First Trust High Income Long Short Fund of Beneficial Interest From 12/27/22

Summary First Trust High Income Long/Short Fund (FSD) is a closed-end fund focused on high-yield corporate bonds. The CEF has a long/short mandate, being able to take advantage of market sell-offs via short bond positions. The fund did not make the most of its mandate, only shorting...

Summary Emerging market and high yield bond markets have improved in recent weeks, indicated by both aggregate and issuer-specific developments. There has been a general improvement in risk appetite during the last month, based on expectations of a less-severe upward trajectory for poli...

Summary Rate hikes and tighter financial conditions drove fixed-income returns lower in 2022. The broad repricing of bonds and the higher starting yields we have now can help insulate investors from further losses. If we look at international bonds, this is probably the first ...

Summary Year-to-date, allocations to floating rate notes have resulted in a more than 20% performance differential compared to U.S. 10-Year notes. Rising rates explain why owning the same securities as the Agg but reducing the maturity profile (1–5 years) led to losses that...

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on November 15, 2022, to shareholders of record as of November 2, 2022. The ex-dividend date is...

Third paragraph, third sentence of release should read: FTA has collective assets under management or supervision of approximately $178 billion as of September 30, 2022 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. ...

Summary FSD provides high distributions through investments in non-investment grade corporate bonds. It has an 11.7% current distribution yield on market price. However, FSD has averaged 5-Yr total returns of only 1.3%, which is not sufficient to maintain the distribution and ...

Summary We believe it is unlikely that Fed Chair Jerome Powell will navigate a pivot to a less-hawkish stance before early in 2023. We expect China to grow at a meager 2%-3% pace in 2022, with the potential for these risks to bleed into 2023, as a slowing developed-market consumer...

Summary Last week brought the third consecutive 75-basis point rate hike from the U.S. Federal Reserve. The week also brought more signs of this rapid hiking cycle reverberating worldwide. We think credit spreads can offer a remunerative and relatively calm haven amid the vola...

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on October 17, 2022, to shareholders of record as of October 4, 2022. The ex-dividend date is e...