First Trust Short Duration High Income Fund

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Performance

The fund has returned 6.24 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 1.2%
1 Year 6.2%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide a high level of current income; capital appreciation is the secondary consideration. 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. It 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. 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.

Fees

Fees are Low compared to funds in the same category.
First Trust Short Duration High Income Fund has an expense ratio of 1.00 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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