CEF Advisors AICA Event NAVigator Podcast

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First Trust High Income Long/Short Fund (FSD)

Taxable Bond Funds - High Yield Bond Funds

Data as of March 15, 2024
Current
Market Price $11.74 ( $0.00)
NAV (March 15, 2024) $12.67 (- $0.01)
Fund Listed NYSE
Premium / Discount -7.34% (+0.07%)
Fund Info
Inception Sept. 28, 2010
Sponsor First Trust Advisors
Website www.ftportfolios.com/R...
Phone 1.800.621.1675
NAV Symbol XFSDX
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income; U.S. and foreign below-investment grade, high-yield corporate fixed-income securities
Related Indexes
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 33,291,015
Total Assets (Reported: Oct. 31, 2023) $599M
Estimated Total Assets $620M
Net Assets $422M
Market Cap $391M
Portfolio Turnover 35.00%
Total Leverage 31.95%
Structural Leverage (out of total) 72.08%
Portfolio Leverage (out of total) 27.92%
Expense Ratio 4.23%
Non Lev Exp Ratio 1.15%
Rel Lev Cost 6.39%
Discount Data
Average Discount (3 Yr) -8.29%
Discount Low(3 Yr) -14.13%
Discount High(3 Yr) -0.86%
Discount Rel Range (3 Yr) 51.17%
Comp Discount -2.11
Discount St Dev (1Yr) 1.83
Z-Stat
Z-Stat (6mo) 0.99
Z-Stat (1Yr) 1.41
Z-Stat (3Yr) 0.31
Comp Z-Stat (6mo) -0.14
Comp Z-Stat (3Yr) 0.05
Distribution Data
Market Yield 10.73%
Income Yield 5.41%
Lev Adj NAV Yield 7.54%
Distribution Frequency M
Current Distribution $0.105
Current Income $0.053
Ex-Date 3/1/24
Payable Date 3/15/24
Div Growth (3yr) -4.55%
Dividend Change -4.5% on 10/20/21
Expected Div 3/20/24
RoC (1yr) 47.31%
RoC (3yr) 40.11%
Tax Dividend Data 2023 2021 - 2023
Income 50.1% 61.6%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 49.9% 38.4%
Volume & Liquidity
Average Daily $ (K) $1,306
Avg Volume 30 day 87,727
Avg Volume 90 day 111,216
Volume Trend -21.12%
Comp Volume Trend -11.63%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
73.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
81.0%
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
82.0%
Most Correlated Peer (Mk Pr): EAD 79.0%
NAV - Price Correlation (30 d) 9.3%
NAV - Price Correlation (90 d) 29.6%
NAV - Price Correlation (1 Yr) 89.9%
Price St Dev (1Yr) 11.2%
NAV St Dev (1Yr) 6.2%
Earnings
Earnings / Share (10/31/23) $0.053
Earn Coverage 50.29%
Earnings Trend Down
UNII / Share (10/31/23) $-0.006
Rel UNII -0.94
UNII Trend Up
Bond Specific Data
Maturity 2.37
Duration 4.24
Credit Rating (rbo) BB
Investment Grade 15.19%
Non Investment Grade 84.80%
Unrated Bonds 0.01%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.64
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.75
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index
0.99

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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