First Trust High Yield Opportunities 2027 Term Fund (FTHY)

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The chart shows the growth of an initial investment of $10,000 in First Trust High Yield Opportunities 2027 Term Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust High Yield Opportunities 2027 Term Fund (FTHY) has returned -1.22% so far this year and 3.99% over the past 12 months.

Based on dividend-adjusted daily data since Jun 26, 2020, FTHY's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.

Historically, 53% of months were positive and 47% were negative. The best month was Jan 2023 with a return of +9.1%, while the worst month was Sep 2022 at -10.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FTHY closed higher 50% of trading days. The best single day was Oct 4, 2022 with a return of +3.7%, while the worst single day was Jul 18, 2022 at -5.4%.

First Trust High Yield Opportunities 2027 Term Fund has an annualized alpha of -2.15%, beta of 0.40, and R² of 0.25 versus S&P 500 Index. Calculated based on daily prices since June 29, 2020.

• This fund participated in 80.21% of S&P 500 Index downside but only 45.60% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.40 may look defensive, but with R² of 0.25 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.25 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FTHY has an expense ratio of 0.02%, which is considered low.

FTHY ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for First Trust High Yield Opportunities 2027 Term Fund (FTHY) and compare them to a chosen benchmark (S&P 500 Index).

First Trust High Yield Opportunities 2027 Term Fund provided a 11.09% dividend yield over the last twelve months, with an annual payout of $1.50 per share.

The table displays the monthly dividend distributions for First Trust High Yield Opportunities 2027 Term Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust High Yield Opportunities 2027 Term Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust High Yield Opportunities 2027 Term Fund was 31.17%, occurring on Oct 14, 2022. Recovery took 660 trading sessions.

The current First Trust High Yield Opportunities 2027 Term Fund drawdown is 3.45%.

The chart below shows the rolling one-month volatility.