Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

First Trust Short Duration High Income Fund

mutual fund
FDHIX
Payout Change
Pending
Price as of:
$18.03 -0.07 -0.39%
primary theme
Bank Loan
share class
I (FDHIX) C (FDHCX) A (FDHAX)
FDHIX (Mutual Fund)

First Trust Short Duration High Income Fund

Payout Change
Pending
Price as of:
$18.03 -0.07 -0.39%
primary theme
Bank Loan
share class
I (FDHIX) C (FDHCX) A (FDHAX)
FDHIX (Mutual Fund)

First Trust Short Duration High Income Fund

Payout Change
Pending
Price as of:
$18.03 -0.07 -0.39%
primary theme
Bank Loan
share class
I (FDHIX) C (FDHCX) A (FDHAX)

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Short Duration High Income Fund

FDHIX | Fund

$18.03

$73.6 M

7.15%

$1.29

1.14%

Vitals

YTD Return

7.2%

1 yr return

7.4%

3 Yr Avg Return

4.1%

5 Yr Avg Return

3.8%

Net Assets

$73.6 M

Holdings in Top 10

22.5%

52 WEEK LOW AND HIGH

$18.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 90.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Short Duration High Income Fund

FDHIX | Fund

$18.03

$73.6 M

7.15%

$1.29

1.14%

FDHIX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.65%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Short Duration High Income Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Nov 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Housey

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities and bank loans that are rated below-investment grade or unrated. High yield debt securities are below-investment grade debt securities, commonly known as “junk bonds.” For purposes of determining whether a security is below-investment grade, the lowest available rating is used.The Fund has a short duration investment strategy, which seeks to maintain, under normal market conditions, a blended (or weighted average) portfolio duration of three years or less. Duration is a mathematical calculation of the average life of a debt security (or portfolio of debt securities) that serves as a measure of its price risk. In general, each year of duration represents an expected 1% change in the value of a security for every 1% immediate change in interest rates. For example, if a portfolio of bank loans and fixed income securities has an average duration of three years, its value can be expected to fall about 3% if interest rates rise by 1%. Conversely, the portfolio’s value can be expected to rise about 3% if interest rates fall by 1%. As a result, prices of instruments with shorter durations tend to be less sensitive to interest rate changes than instruments with longer durations. As the value of a security changes over time, so will its duration.Bank loans have relatively low durations, i.e., close to zero, which means that the interest rates on loans reset approximately every 30-90 days, on average, however, the inclusion of London Interbank Offered Rate (“LIBOR”), Secured Overnight Financing Rate ("SOFR") or similar reference rate floors on certain senior loans or other factors may cause interest rate duration to be longer than 90 days. Accordingly, the Fund’s investment in such securities will likely reduce the blended duration of the portfolio and in turn the Fund’s overall interest rate sensitivity. “Average duration” is the measure of a debt instrument’s or a portfolio’s price sensitivity with respect to changes in market yields. The blended duration is the sum of the dollar weighted average duration of the Fund’s positions.Under normal market conditions, the Fund may invest up to 15% of its net assets in non-U.S. securities denominated in non-U.S. currencies. The Fund may also invest in investment grade debt securities, covenant-lite loans, floating rate securities and companies with various market capitalizations.
Read More

FDHIX - Performance

Return Ranking - Trailing

Period FDHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -4.4% 10.5% 70.08%
1 Yr 7.4% -3.9% 11.1% 67.80%
3 Yr 4.1%* -6.7% 8.3% 82.14%
5 Yr 3.8%* -6.4% 38.1% 70.95%
10 Yr 3.9%* -2.0% 20.0% 50.83%

* Annualized

Return Ranking - Calendar

Period FDHIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -12.0% 11.1% 49.43%
2022 -9.6% -22.9% 5.1% 78.29%
2021 0.0% -12.2% 11.1% 90.87%
2020 -0.7% -14.1% 289.8% 6.20%
2019 4.7% -8.1% 7.5% 3.83%

Total Return Ranking - Trailing

Period FDHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -4.4% 10.5% 70.08%
1 Yr 7.4% -3.9% 11.1% 67.80%
3 Yr 4.1%* -6.7% 8.3% 82.14%
5 Yr 3.8%* -6.4% 38.1% 70.95%
10 Yr 3.9%* -2.0% 20.0% 50.83%

* Annualized

Total Return Ranking - Calendar

Period FDHIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -12.0% 22.1% 69.81%
2022 -4.9% -22.9% 5.1% 82.17%
2021 3.8% -10.2% 11.1% 75.40%
2020 4.0% -14.1% 306.9% 6.61%
2019 9.6% -3.6% 10.5% 3.83%

NAV & Total Return History

FDHIX - Holdings

Concentration Analysis

FDHIX Category Low Category High FDHIX % Rank
Net Assets 73.6 M 29.9 M 13.5 B 97.30%
Number of Holdings 175 2 2051 87.55%
Net Assets in Top 10 16.6 M -191 M 2.37 B 89.11%
Weighting of Top 10 22.50% 5.2% 100.7% 11.72%

Top 10 Holdings

  1. SSC Technologies Inc 3.20%
  2. 1011778 BC ULC / New Red Finance Inc 2.70%
  3. Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio 2.52%
  4. Go Daddy Operating Co LLC / GD Finance Co Inc 2.49%
  5. Gainwell Acquisition Corp 2.09%
  6. United Rentals North America Inc 2.07%
  7. Berry Global Inc 2.04%
  8. Post Holdings Inc 1.93%
  9. HUB International Ltd 1.81%
  10. Clarios Global LP / Clarios US Finance Co 1.65%

Asset Allocation

Weighting Return Low Return High FDHIX % Rank
Bonds 		95.55% 0.00% 161.82% 55.64%
Cash 		4.45% -61.90% 16.36% 25.29%
Stocks 		0.00% 0.00% 100.74% 90.27%
Preferred Stocks 		0.00% -3.99% 7.54% 43.97%
Other 		0.00% -52.39% 26.58% 57.98%
Convertible Bonds 		0.00% 0.00% 5.51% 49.41%

Stock Sector Breakdown

Weighting Return Low Return High FDHIX % Rank
Utilities 		98.61% 0.00% 100.00% 7.83%
Communication Services 		1.39% 0.00% 100.00% 53.91%
Technology 		0.00% 0.00% 100.00% 24.35%
Real Estate 		0.00% 0.00% 48.61% 9.57%
Industrials 		0.00% 0.00% 100.00% 46.09%
Healthcare 		0.00% 0.00% 100.00% 9.57%
Financial Services 		0.00% 0.00% 89.61% 11.30%
Energy 		0.00% 0.00% 100.00% 56.52%
Consumer Defense 		0.00% 0.00% 100.00% 30.43%
Consumer Cyclical 		0.00% 0.00% 97.66% 37.39%
Basic Materials 		0.00% 0.00% 1.36% 7.83%

Stock Geographic Breakdown

Weighting Return Low Return High FDHIX % Rank
US 		0.00% -0.01% 100.74% 88.33%
Non US 		0.00% 0.00% 0.68% 29.96%

Bond Sector Breakdown

Weighting Return Low Return High FDHIX % Rank
Corporate 		92.39% 0.00% 99.80% 30.98%
Cash & Equivalents 		2.52% 0.00% 25.03% 22.57%
Derivative 		0.00% -11.46% 0.67% 45.14%
Securitized 		0.00% 0.00% 91.68% 54.51%
Municipal 		0.00% 0.00% 0.47% 16.47%
Government 		0.00% 0.00% 3.18% 31.76%

Bond Geographic Breakdown

Weighting Return Low Return High FDHIX % Rank
US 		95.55% 0.00% 124.50% 39.69%
Non US 		0.00% 0.00% 63.23% 50.97%

FDHIX - Expenses

Operational Fees

FDHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.03% 5.51% 48.11%
Management Fee 0.65% 0.00% 1.89% 52.65%
12b-1 Fee N/A 0.00% 1.00% 11.11%
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

FDHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FDHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 90.00% 4.00% 180.00% 81.40%

FDHIX - Distributions

Dividend Yield Analysis

FDHIX Category Low Category High FDHIX % Rank
Dividend Yield 7.15% 0.00% 11.13% 61.51%

Dividend Distribution Analysis

FDHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FDHIX Category Low Category High FDHIX % Rank
Net Income Ratio 3.65% 1.77% 9.82% 46.25%

Capital Gain Distribution Analysis

FDHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FDHIX - Fund Manager Analysis

Managers

William Housey

Start Date

Tenure

Tenure Rank

Nov 01, 2012

9.58

9.6%

William A. Housey, CFA, was born in 1973. Mr. Housey earned a B.S. in Finance from Eastern Illinois University and an M.B.A. in Finance and Management & Strategy from Northwestern University’s Kellogg School of Business. Mr. Housey joined First Trust Advisors L.P. in 2010 as Senior Portfolio Manager for the Leveraged Finance Investment Team and has over 22 years of investment experience having held various positions in portfolio management and research. Mr. Housey is responsible for managing fixed-income portfolios, principally focusing on below investment-grade credit.

Jeffrey Scott

Start Date

Tenure

Tenure Rank

Mar 02, 2020

2.25

2.3%

Jeffrey Scott, CFA, Senior Vice President, Deputy Credit Officer, Portfolio Manager of the First Trust Portfolios L.P. Mr. Scott is Deputy Credit Officer for the Leveraged Finance Investment Team. He has extensive experience in credit analysis, product development, and product management. Prior to joining First Trust, Mr. Scott served as an Assistant Portfolio Manager and as a Senior Credit Analyst for Morgan Stanley/Van Kampen from October 2008 to June 2010. As Assistant Portfolio Manager, his responsibilities included assisting with portfolio construction, buy and sell decision making, and monitoring fund liquidity and leverage. Scott joined the Van Kampen Asset Management in 2005. He has approximately 18 years of investment industry experience. Prior to joining the Adviser, he was employed by State Farm Insurance Companies where he served as an Assistant Vice President in the Mutual Fund Group responsible for product development and strategy as well as a Regional Vice President for Sales for the Financial Services Division. Mr. Scott earned a B.S. in Finance and Economics from Elmhurst College and an M.B.A. with specialization in Analytical Finance and Econometrics and Statistics from the University of Chicago. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.08 3.25

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×