First Trust High Yield Opportunities 2027 Term Fund | EvergreenLink

First Trust High Yield Opportunities 2027 Term Fund

First Trust High Yield Opportunities 2027 Term Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income. Under normal market conditions, it seeks to achieve this objective by investing at least 80% of its managed assets in high yield debt securities of any maturity that are rated below investment grade or in unrated securities deemed of comparable quality. Portfolio holdings include U.S. and non-U.S. corporate debt obligations and senior secured floating rate loans. These high yield securities, often referred to as “junk bonds,” are considered speculative with respect to an issuer’s ability to meet interest and principal obligations. The Fund terminates in 2027 unless otherwise extended.

News and Notices

ManagerFirst Trust Capital Partners

Inception2024

Registration'40 Act

Fund TypeExchange-Traded CEF

CurrencyUSD

Subscription FrequencyDaily

Management Fee1.67%

Fiscal Year EndMay 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Share Classes

Returns

Fees

Ownership

Operating Metrics

Per Page

Notices

Feb 06, 2025

14:19

Personnel

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First Trust High Yield Opportunities 2027 Term Fund scheduled a September 15, 2026 vote to elect Richard E. Erickson and Thomas R. Kadlec as two Class I Trustees. Shareholders of record on July 28 may vote one vote per share.

Dec 31, 2023

09:42

Compliance

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First Trust High Yield Opportunities 2027 Term Fund’s annual voting notice for 2026 lists zero series and names James M. Dykas, President and Chief Executive Officer, as signatory.

Mar 12, 2026

15:21

Ownership

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Morgan Stanley and Morgan Stanley Smith Barney LLC reported beneficial ownership of 3.3 million common shares, or 8.9% of First Trust High Yield Opportunities 2027 Term Fund, up from 7.6% in the prior filing.

Dec 11, 2023

12:33

Ownership

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Morgan Stanley and Morgan Stanley Smith Barney LLC amended their beneficial ownership filing for FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND to report ownership of 2,785,145 shares, or 7.6% of the class, with 220 shared voting shares.

May 06, 2023

15:07

Ownership

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Sit Investment Associates and Sit Fixed Income Advisors II reported shared beneficial ownership of 2,419,971 shares, or 6.6%, of First Trust High Yield Opportunities 2027 Term Fund common stock. The advisers state the shares are held in client Accounts and are not held to influence control of the issuer.

Aug 06, 2025

15:07

Ownership

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Sit Investment Associates and Sit Fixed Income Advisors II reported shared beneficial ownership of 2.4 million shares, or 6.6%, of First Trust High Yield Opportunities 2027 Term Fund common stock. The reporting states the shares are held in client accounts in the ordinary course of business and not to influence control of the issuer.

Jun 14, 2023

09:49

Compliance

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First Trust Portfolios updated the Joint Insured Fidelity Bond for the First Trust complex of 17 funds, covering October 9, 2025 to October 9, 2026. The bond and related Board-approved coverage documents maintain fidelity bond protection for the funds during that period.

Jan 05, 2025

12:15

Ownership, Personnel

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Director Thomas J. Driscoll reported no Common Shares of First Trust High Yield Opportunities 2027 Term Fund following the transaction, reducing his direct ownership to 0. This leaves him with no reported share ownership in the Fund.

Jun 21, 2025

11:28

Ownership, Personnel, Subscriptions

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First Trust High Yield Opportunities 2027 Term Fund Portfolio Manager Kevin L. Ziets purchased 3,000 common shares at $14.5985 per share on August 20, 2025. Ziets beneficially owned 3,000 shares directly after the purchase.

Mar 21, 2025

11:28

Compliance

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Kevin L. Ziets granted W. Scott Jardine, Kristi A. Maher, Erin E. Klassman, James M. Dykas and Eric F. Fess authority to sign and amend Forms 3, 4 and 5 on his behalf for First Trust Portfolios and First Trust Advisors-related companies. The authority remains effective until he is no longer required to file those ownership reports or revokes it in writing.

Preview

Who manages First Trust High Yield Opportunities 2027 Term Fund?First Trust Capital Partners is responsible for managing First Trust High Yield Opportunities 2027 Term Fund.

When was First Trust High Yield Opportunities 2027 Term Fund incepted?First Trust High Yield Opportunities 2027 Term Fund launched in 2024.

How is First Trust High Yield Opportunities 2027 Term Fund registered?First Trust High Yield Opportunities 2027 Term Fund is registered as a '40 Act fund.

What type of fund is First Trust High Yield Opportunities 2027 Term Fund?First Trust High Yield Opportunities 2027 Term Fund is structured as a Exchange-Traded CEF fund.

How can investors access First Trust High Yield Opportunities 2027 Term Fund?You can invest in First Trust High Yield Opportunities 2027 Term Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.

How often can investors buy shares of First Trust High Yield Opportunities 2027 Term Fund?You can invest in First Trust High Yield Opportunities 2027 Term Fund daily, subject to eligibility and fund subscription deadlines.

What currency is First Trust High Yield Opportunities 2027 Term Fund offered in?Shares of First Trust High Yield Opportunities 2027 Term Fund can be purchased in USD.

When does First Trust High Yield Opportunities 2027 Term Fund close its fiscal year?First Trust High Yield Opportunities 2027 Term Fund's fiscal year end is May 31.

How big is First Trust High Yield Opportunities 2027 Term Fund?First Trust High Yield Opportunities 2027 Term Fund's net asset value was $533.2 million and its portfolio had a fair value of $677.9 million as of February 27, 2026.

What types of investments does First Trust High Yield Opportunities 2027 Term Fund make?Among other deal types, First Trust High Yield Opportunities 2027 Term Fund primarily makes Debt Investments and Short-Term Investments.

What strategies does First Trust High Yield Opportunities 2027 Term Fund invest in?Among other asset classes, First Trust High Yield Opportunities 2027 Term Fund primarily invests in Direct Lending and Public Debt.

What geographies does First Trust High Yield Opportunities 2027 Term Fund have exposure to?Among other regions, First Trust High Yield Opportunities 2027 Term Fund primarily invests Globally and in the USA.

What management fee does First Trust High Yield Opportunities 2027 Term Fund charge?First Trust High Yield Opportunities 2027 Term Fund charges a 1.35% annual management fee, which is calculated based on NAV.

How much do investors need to invest for their first purchase of shares in First Trust High Yield Opportunities 2027 Term Fund?There is no minimum initial investment for FTHY shares, allowing you to invest any amount.

How much are investors able to invest after their first purchase of shares in First Trust High Yield Opportunities 2027 Term Fund?There is no minimum subsequent investment for FTHY shares, allowing you to invest any amount.

What happens if an investor sells shares of First Trust High Yield Opportunities 2027 Term Fund early?You will be subject to paying an early repurchase/redemption fee of 0%.

How has First Trust High Yield Opportunities 2027 Term Fund performed?First Trust High Yield Opportunities 2027 Term Fund's FTHY share class generated an annualized 1-month return of 11.55% and since-inception return of 3.70% as of May 31, 2025.

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