First Trust High Yield Opportunities 2027 Term Fund Overview
Pro stress-test →FTHY is a closed-end investment fund launched in June 2020 that provides current income through exposure to high-yield debt securities. The fund invests at least 80% of its assets in below-investment-grade corporate debt and senior secured floating-rate loans, combining fundamental credit analysis with relative value strategies to capture opportunities across the leveraged finance market.
Strategic Profile
Pro stress-test →As a term-structured closed-end fund with a stated 2027 maturity horizon, FTHY employs an opportunistic allocation strategy across both U.S. and non-U.S. corporate high-yield securities. The fund is actively managed by First Trust Advisors' Leveraged Finance Investment Team and offers investors monthly dividend distributions, positioning itself as a tactical income vehicle in volatile credit environments.
Competitive Landscape
Pro stress-test →FTHY competes within the closed-end high-yield fund space against products from Nuveen, Invesco, Gabelli, and Blackstone. Comparable vehicles include First Trust Senior Floating Rate Income Fund II (FCT), Invesco Senior Loan ETF (BKLN), and various Nuveen high-yield offerings. Differentiation centers on opportunistic security selection, fund term structure, and distribution consistency.
Industry Context
First Trust High Yield Opportunities 2027 Term Fund operates in Closed-end high-yield debt funds.
Key facts
Founded: 2020 · Headquarters: Wheaton, US · Employees: N/A · Revenue: N/A · Market cap: $499M