Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
First Trust Short Duration High Inc I FDHIX
- NAV / 1-Day Return 18.13 / 0.00 %
- Total Assets 73.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.000%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 8.21%
- Effective Duration —
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis FDHIX
Will FDHIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 20.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
SS&C Technologies, Inc. 5.5% | 2.99 | 2.3 Mil | Corporate |
Nexstar Escrow Inc 5.625% | 2.76 | 2.1 Mil | Corporate |
Morgan Stanley Instl Lqudty Trs Instl | 2.52 | 1.9 Mil | Cash and Equivalents |
Go Daddy Operating Company LLC / GD Finance Co Inc 5.25% | 2.32 | 1.8 Mil | Corporate |
Gainwell Term Loan B | 1.99 | 1.5 Mil | Corporate |
United Rentals (North America), Inc. 6% | 1.93 | 1.5 Mil | Corporate |
Berry Global Inc 5.625% | 1.90 | 1.5 Mil | Corporate |
Post Holdings Inc. 6.25% | 1.80 | 1.4 Mil | Corporate |
Broadstreet Partners Inc Term Loan B1 | 1.75 | 1.3 Mil | Corporate |
Clarios Global LP 8.5% | 1.57 | 1.2 Mil | Corporate |