Symbols

HISF

First Trust High Income Strategic Focus ETF·NASDAQ

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Key Stats

Assets Under Management

63.31MUSD

Fund Flows (1Y)

15.78MUSD

Dividend Yield

4.69%

Discount/Premium to NAV

0.04%

Shares Outstanding

1.40M

Expense Ratio

0.87%

About First Trust High Income Strategic Focus ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=HISF

Inception Date

Aug 13, 2014

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

HISF is a fund-of-funds that follows the High Income Model developed by the fund's advisor. The model provides exposure to a blend of fixed income assets, primarily via First Trust ETFs, that are actively managed to seek high income and capital appreciation. Assets include corporate investment-grade and junk bonds, US government securities, senior loans, securitized debts, emerging market bonds, and hybrid securities. Exposure to each asset is subject to a certain limit. HISF invests significantly in shares of the First Trust TCW Opportunistic Fixed Income ETF (ticker: FIXD), which is a broad-based and broad-maturity bond ETF. The fund's advisor selects ETFs providing similar exposure based on a disciplined process that considers growth forecasts, market valuation, global market views, policy drivers, and a bottom-up asset level analysis. Prior to Feb. 28, 2022, HISF's moniker was First Trust Strategic Income ETF (ticker: FDIV), and was invested in various asset classes.