ETF Quote Details
|NAV (month end)||48.69|
|Premium (+)/Discount (-) (month end)||-1.16|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$3.26 (6.86%)|
|Issuer||FIRST TRUST ADVISORS|
The BofA Merrill Lynch US High Yield Constrained Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market but caps issuer exposure at 2%.
The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund is primary investment objective is to provide current income. The fund is secondary investment objective is to provide capital appreciation.