FTHY - First Trust High Yield Opportunities 2027 Term Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Jan 6, 2026

   Sit Investment now owns 6.6%, as a passive investor.

   Original document →

About this fund

• Run by First Trust Advisors L.P. Part of the First Trust Advisors L.P fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $523 million of holdings, as of May 29, 2026. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 22% on top of its own money, as of May 29, 2026. Borrowed money makes gains and losses bigger. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.8% a year in management fees; 3.5% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $1.50 a share. $0.90 of that was income; $0.60 was your own money back, not income. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $14.21. The shares traded at $13.83, about 2.7% below that. As of May 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 2.2% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +6.8%. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended May 31, 2026): the value of the holdings returned +5.1%. How the share price did: the shares returned +6.8% over the same year, counting payouts and the change in the market price. As of May 31, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2020.

What the fund holds

Mostly bonds (88%), the rest loans. About 87% issued in the U.S.

1. 1011778 B.C. Ulc / New Red Finance, Bculc 4 10/15/30 144A - 2.6%
2. Builders Firstsource, Bldr 6.75 05/15/35 144A - 1.8%
3. OneDigital Borrower LLC, OneDigital Health and Benefits Second-lien Term Loan 525 2032-06-02 - 1.8%
4. Baldwin Insurance Group Holdings LLC, Bwin 7.125 05/15/31 144A - 1.6%
5. Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, Aliant 6.75 04/15/28 144A - 1.5%
6. Qxo, Becn 6.75 04/30/32 144A - 1.5%
7. United Rentals (North America), Uri 6 12/15/29 144A - 1.4%
8. Dish Network, Dish 11.75 11/15/27 144A - 1.4%
9. Quikrete Holdings, Quikho 6.75 03/01/33 144A - 1.3%
10. Fair Isaac, Fairic 6 05/15/33 144A - 1.3%

As of May 29, 2026, from the fund's quarterly holdings report. Original document →