First Trust Tactical High Yield HYLS benefits from an experienced team, but recent turnover and a complex process limit our confidence. It earns a Morningstar Analyst Rating of Neutral.
Will HYLS outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYLS’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HYLS management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HYLS’s parent organization’s priorities and whether they’re in line with investors’ interests.