First Trust Strategic High Income

It is a diversified investment management company that seeks a high level of current income with capital growth as a secondary objective. Normally it will invest at least 80% of its managed assets in a diversified portfolio of high income producing securities. Up to 100% of its managed assets may be invested in a wide range of below-investment grade securities, including mortgage-backed securities, asset-backed securities, corporate bonds, collateralised debt obligations, convertible securities, municipal obligations and foreign government obligations, as well as securities of companies in bankruptcy reorganisation proceedings. It may invest up to 20% of its managed assets in equity securities, and may invest up to 15% in other than US securities.

Key stats

Management firm  First Trust Advisors L.P.
Fund Status  OBSOLETE
12 month yield  5.46%
Fund currency  USD
Launch Date  2005-07-19
Obsolete Date  2011-10-03
ISIN  US3373471081
Fund Strategy  High Yield Bond
Benchmark  BarCap US Agg Bond TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2011-08-31
Return - 1 Month  -4.88%
Return - 2 Months  0.83 %
Return - 3 Months  0.15%
Return - 6 Months  9.91 %
Return - 9 months  18.27 %
Return - 12 Months  21.23%
Annualized return 24 months  29.75 %
Annualized return 36 months  -7.82 %
Annualized return 48 months  -16.73 %
Annualized return 60 months  -15.09 %
Return 120 months  0.00 %
Annualized return since Inception  -10.58%
Return YTD  15.80%

Ratings

Morning Star Rating Date   2011-08-31
Morning Star Rating - 36 Months  fund has a 1 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.90 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact name  Bonnie Belskis
Contact Address  First Trust Advisors L.P.
Contact Address 2  120 E. Liberty
Contact Address 3  Lisle, IL 60532
Contact city  Wheaton
Contact country  United States
Fund Admin Group  First Trust Advisors L.P.
Web Address  www.ftadvisors.com
Email contact  bbelskis@ftportfolios.com
Phone  866-848-9727

Price

Last Price Date  2011-09-30
Pre-tax nav  3.45
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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