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 ROE as of September 2024 (TTM) for First Trust High Income Long/Short Fund (FSD) is 8.31%

According to First Trust High Income Long/Short Fund’s latest financial reports and current stock price. The company's current ROE is 8.31%. This represents a change of 353.20% compared to the average of 1.83% of the last 4 quarters.

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

How has FSD ROE performed in the past?

The mean historical ROE of First Trust High Income Long/Short Fund over the last ten years is 2.80%. The current 8.31% ROE has changed 196.93% with respect to the historical average. Over the past ten years (40 quarters), FSD's ROE was at its highest in in the October 2020 quarter at 11.67%. The ROE was at its lowest in in the April 2020 quarter at -12.60%.

Quarterly (TTM)
Annual

Average

2.80%

Median

4.80%

Minimum

-18.57%

Maximum

11.66%

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

Discovering the peaks and valleys of First Trust High Income Long/Short Fund ROE, 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 = Infinity%

Maximum Annual ROE = 11.66%

Minimum Annual Increase = -7309.47%

Minimum Annual ROE = -18.57%

Quarterly (TTM)
Annual
YearROEChange
20234.80%-125.87%
2022-18.57%-260.17%
202111.59%-7309.47%
2020-0.16%-101.68%
20199.56%-604.20%
2018-1.90%-116.26%
201711.66%41.85%
20168.22%Infinity%

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

How has FSD ROE performed in the past?

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

3-year avg

-0.72%

5-year avg

1.44%

10-year avg

2.80%

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

How is FSD’s ROE compared to its peers?

First Trust High Income Long/Short Fund’s ROE is less than Franklin Limited Duration Income Trust (18.27%), less than First Trust MLP and Energy Income Fund (6.32%), less than BlackRock Floating Rate Income Strategies Fund, Inc. (20.91%), less than Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (16.51%), less than Apollo Senior Floating Rate Fund Inc. (21.16%), less than First Trust/Abrdn Global Opportunity Income Fund (15.57%), less than Blackstone / GSO Long-Short Credit Income Fund (14.76%), less than Blackstone / GSO Senior Floating Rate Term Fund (21.38%), less than PGIM Global High Yield Fund, Inc (9.31%), less than Calamos Long/Short Equity & Dynamic Income Term Trust (3.28%), less than Virtus Global Multi-Sector Income Fund (9.07%), less than Western Asset Diversified Income Fund (15.92%), less than Western Asset Investment Grade Defined Opportunity Trust Inc. (5.65%), less than Pioneer Floating Rate Fund, Inc. (10.79%), less than The Gabelli Equity Trust Inc. PFD-G (17.75%), less than Pioneer Municipal High Income Advantage Fund, Inc. (1.51%), less than Nuveen Global High Income Fund (14.19%), less than Invesco Trust for Investment Grade Municipals (11.72%), less than Invesco Advantage Municipal Income Trust II (20.74%), less than Invesco Municipal Trust (22.42%), greater than BlackRock MuniHoldings Fund, Inc. (-0.09%), less than Invesco California Value Municipal Income Trust (22.20%),

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