First Trust High Yield Long/Short ETF (HYLS) ETF
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First Trust High Yield Long/Short ETF (HYLS) ETF Bio
The investment objective of the First Trust Tactical High Yield ETF seeks to provide current income. The fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.