First Trust Tactical High Yield ETF (HYLS)
About this ETF
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.
Price
Top 10 holdings
| ROCKET COS INC 6.375%, due 08/01/2033 | 1.52% |
| 1011778 BC / NEW RED FIN 4%, due 10/15/2030 | 1.43% |
| ONEDIGITAL BORROWER LLC Variable rate, due 07/02/2032 LX235335 | 1.39% |
| UNITED RENTALS (NORTH AMERICA) 6%, due 12/15/2029 | 1.24% |
| QUIKRETE HOLDINGS INC 6.75%, due 03/01/2033 | 1.05% |
| DISH NETWORK CORP 11.75%, due 11/15/2027 | 1.05% |
| FAIR ISAAC CORP 6%, due 05/15/2033 | 1.04% |
| VIKING OCEAN CRUISES SHIP VII LTD 5.625%, due 02/15/2029 | 1.00% |
| BUILDERS FIRSTSOURCE INC 6.75%, due 05/15/2035 | 1.00% |
| CLOUD SOFTWARE GRP INC 9%, due 09/30/2029 | 1.00% |
Sector mix
Price chart
Returns
| 1 month | -0.34% |
| 3 months | -0.59% |
| 6 months | -3.00% |
| Year to date | -2.65% |
| 1 year | -2.37% |
| 3 years (ann.) | +1.35% |
| 5 years (ann.) | -3.50% |
| 10 years (ann.) | -1.58% |
Risk profile
| Volatility (1y, ann.) | 4.01% |
| Sharpe (1y) | -0.58 |
| Sharpe (3y) | 0.29 |
| Sortino (1y) | -0.77 |
| Max drawdown (1y) | -5.27% |
| Max drawdown (5y) | -21.50% |
| Max drawdown (full) | -29.12% |
| Beta vs S&P 500 (1y) | 0.21 |
| Correlation vs S&P 500 (1y) | 0.65 |
Technical outlook as of 2026-07-14
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-25 | 2026-06-30 | USD 0.2300 |
| 2026-05-21 | 2026-05-29 | USD 0.2300 |
| 2026-04-21 | 2026-04-30 | USD 0.2250 |
| 2026-03-26 | 2026-03-31 | USD 0.2250 |
| 2026-02-20 | 2026-02-27 | USD 0.2300 |
| 2026-01-21 | 2026-01-30 | USD 0.2300 |
| 2025-12-12 | 2025-12-31 | USD 0.2225 |
| 2025-11-21 | 2025-11-28 | USD 0.2200 |
| 2025-10-21 | 2025-10-31 | USD 0.2250 |
| 2025-09-25 | 2025-09-30 | USD 0.2400 |
| 2025-08-21 | 2025-08-29 | USD 0.2400 |
| 2025-07-22 | 2025-07-31 | USD 0.2300 |
| 2025-06-26 | 2025-06-30 | USD 0.2200 |
| 2025-05-21 | 2025-05-30 | USD 0.2150 |
| 2025-04-22 | 2025-04-30 | USD 0.2150 |
| 2025-03-27 | 2025-03-31 | USD 0.2150 |
| 2025-02-21 | 2025-02-28 | USD 0.2150 |
| 2025-01-22 | 2025-01-31 | USD 0.2150 |
| 2024-12-13 | 2024-12-31 | USD 0.2150 |
| 2024-11-21 | 2024-11-29 | USD 0.2075 |
| 2024-10-22 | 2024-10-31 | USD 0.2075 |
| 2024-09-26 | 2024-09-30 | USD 0.2075 |
| 2024-08-21 | 2024-08-30 | USD 0.2125 |
| 2024-07-23 | 2024-07-31 | USD 0.2175 |
| 2024-06-27 | 2024-06-28 | USD 0.2175 |
| 2024-05-21 | 2024-05-31 | USD 0.2175 |
| 2024-04-23 | 2024-04-30 | USD 0.2125 |
| 2024-03-21 | 2024-03-28 | USD 0.2200 |
| 2024-02-21 | 2024-02-29 | USD 0.2225 |
| 2024-01-23 | 2024-01-31 | USD 0.2250 |
| 2023-12-22 | 2023-12-29 | USD 0.2200 |
| 2023-11-21 | 2023-11-30 | USD 0.2150 |
| 2023-10-24 | 2023-10-31 | USD 0.2150 |
| 2023-08-22 | 2023-08-31 | USD 0.2150 |
| 2023-07-21 | 2023-07-31 | USD 0.2100 |
| 2023-06-27 | 2023-06-30 | USD 0.1900 |
| 2023-05-23 | 2023-05-31 | USD 0.1900 |
| 2023-04-21 | 2023-04-28 | USD 0.1900 |
| 2023-03-24 | 2023-03-31 | USD 0.2000 |
| 2023-02-22 | 2023-02-28 | USD 0.2050 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.00% | -0.14% | -0.02 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.02% | -0.05% | 0.01 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.51% | -2.34% | -0.55 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.01% | 0.01 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.62% | -0.21 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -0.78% | -0.36 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.85% | -0.39% | -0.07 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.26% | -0.64% | -0.13 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.46% | -0.57% | -0.24 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.88% | -1.01% | -0.27 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |

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