FDHAX – First Trust Short Duration High Inc A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high level of current income; capital appreciation is the secondary consideration. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities and bank loans that are rated below-investment grade or unrated. It has a short duration investment strategy, which seeks to maintain, under normal market conditions, a blended (or weighted average) portfolio duration of three years or less. Under normal market conditions, the fund may invest up to 15% of its net assets in non-U.S. securities denominated in non-U.S. currencies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FDHIX	First Trust Short Duration High Income Fund Class I	Institutional	Open			Nov 1, 2012	$37.20M	1.000%	High	$1M	−$13.26M
FDHAX	First Trust Short Duration High Income Fund Class A	Front Load	Open			Nov 1, 2012	$5.66M	1.250%	High	$2,500	−$5.30M
FDHCX	First Trust Short Duration High Income Fund Class C	Level Load	Open			Nov 1, 2012	$6.74M	2.000%	High	$2,500	−$3.00M

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