HYLS ETF Profile

Family:	First Trust
Name:	First Trust Tactical High Yield ETF

Inception Date:	26-Feb-2013
Termination Date:
Investment Objective:	The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is 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 (plus the amount of any borrowing for investment purposes) 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.

Prospectus

Top 10 Holdings
	Top 10 Holdings Weight:

Number of Holdings:
Shares Outstanding:	35,350,002
Total Net Assets:	1,423,898,000
NAV:	40.39
Net Expense Ratio:	1.27%

Asset Class:	Bonds
Developed or Emerging:	Funds Combining Developed & Emerging Exposure
Country:
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State:
Maturity Duration:	Fund Holds All Maturity Ranges
Market Cap:
Credit Quality:	High Yield
Mortgage Bond Types:
Bond Type:	Broad Market
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged:	No
US or Ex-US:	Global