First Trust High Income Strategic Focus Fund (HISF)

Overview

The fund operates with the primary objective of delivering to its investors a high income and total return investment opportunity, broadly through the allocation of assets across a range of U.S.-listed Exchange-Traded Funds (ETFs). These selections are guided by the High Income Model developed by the fund's advisor, aiming to provide a diversified income stream to its investors. This strategy primarily focuses on investing in fixed income assets, which are actively managed to target high income and overall return enhancements. A significant portion of the fund’s investment goes into the First Trust TCW Opportunistic Fixed Income ETF, indicating a focused approach towards achieving its income and total return objectives under normal market conditions.

Products and Services

The fund offers a refined set of investment solutions targeting income and total return for its investors:

• U.S.-Listed ETF Investments
  The core of the fund’s investment strategy revolves around the selection of U.S.-listed ETFs. By following the advisor-developed High Income Model, the fund seeks to construct a portfolio that offers a diversified income stream to its investors. This approach enables the fund to tap into various fixed income assets, spreading out potential risks while actively managing the portfolio to aim for high income and total returns.
• First Trust TCW Opportunistic Fixed Income ETF Investment
  A significant investment by the fund is made in the First Trust TCW Opportunistic Fixed Income ETF. This specific allocation is strategic, taking advantage of the ETF’s focus on opportunistic fixed income asset investments. It demonstrates the fund’s targeted approach towards utilizing professionally managed assets that align with its objectives of high income and total return. Through this investment, the fund leverages the expertise of TCW’s fixed income strategies to enhance its income generation and overall return capability.