First Trust High Income Long/Short Fund

First Trust High Income Long/Short Fundverified

FSD

Price:

$12.22

Market Cap:

$406.82M

First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers. The fund employs fundamental analysis and a long/short strategy, with a focus on such factors as type, size, and cost of a security, financial statements of the issuer, credit quality and cash flow of the issuer, and evaluation of the forces which influence the market...[Read more]

Industry

Asset Management - Income

IPO Date

2010-09-28

Stock Exchange

NYSE

Ticker

FSD

The Enterprise Value as of December 2025 (TTM) for First Trust High Income Long/Short Fund (FSD) is 490.62M

According to First Trust High Income Long/Short Fund’s latest financial reports and current stock price. The company's current Enterprise Value is 490.62M. This represents a change of 9.36% compared to the average of 448.62M of the last 4 quarters.

First Trust High Income Long/Short Fund (FSD) Historical Enterprise Value (quarterly & annually)

How has FSD Enterprise Value performed in the past?

The mean historical Enterprise Value of First Trust High Income Long/Short Fund over the last ten years is 528.86M. The current 490.62M Enterprise Value has changed 9.18% with respect to the historical average. Over the past ten years (40 quarters), FSD's Enterprise Value was at its highest in in the April 2021 quarter at 646.91M. The Enterprise Value was at its lowest in in the April 2018 quarter at 19.41M.

Quarterly (TTM)
Annual

Average

528.86M

Median

542.65M

Minimum

425.84M

Maximum

634.74M

First Trust High Income Long/Short Fund (FSD) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of First Trust High Income Long/Short Fund Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 18.83%

Maximum Annual Enterprise Value = 634.74M

Minimum Annual Increase = -32.91%

Minimum Annual Enterprise Value = 425.84M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023432.69M1.61%
2022425.84M-32.91%
2021634.74M17.22%
2020541.48M-0.43%
2019543.83M18.83%
2018457.63M-24.17%
2017603.46M2.07%

First Trust High Income Long/Short Fund (FSD) Average Enterprise Value

How has FSD Enterprise Value performed in the past?

The current Enterprise Value of First Trust High Income Long/Short Fund (FSD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

497.76M

5-year avg

515.71M

10-year avg

528.86M

First Trust High Income Long/Short Fund (FSD) Enterprise Value vs. Peers

How is FSD’s Enterprise Value compared to its peers?

First Trust High Income Long/Short Fund’s Enterprise Value is less than First Trust MLP and Energy Income Fund (539.10M), less than Allspring Large Cap Core Fund - Class R (0), greater than First Trust Energy Income and Growth Fund (359.98M), less than BMO TCH Corporate Income Fund Class Y Shs (0), less than Carillon ClariVest Capital Appreciation Fund Class R5 (0), less than Brown Advisory Total Return Fund - Investor Shares (0), less than Glenmede Fund Core Fixed Income Portfolio (0), less than Morgan Stanley Insti Fd Tr Core Plus Fixed Income Portf. I Cl (0), less than MSIFT Core Plus Fixed Income Class A (0), greater than Tortoise Energy Infrastructure and Income Fund - Institutional Class (0),

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Frequently asked questions❓

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How does the current Enterprise Value for First Trust High Income Long/Short Fund (FSD) compare to its historical average?