---
ticker: "HYLS"
name: "First Trust Tactical High Yield ETF"
url: "https://etf.net/etf/HYLS"
grade: "B"
score: 55
graded_at: "2026-10-12"
category: "US High Yield"
category_rank: "48 of 85"
methodology: "https://etf.net/methodology"
---

# HYLS: First Trust Tactical High Yield ETF

Grade **B**, Score 55 of 100. Rank 48 of 85 in US High Yield.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 12 | 74 of 85 |
| Mission | 89 | 41 of 74 |
| Risk | 43 | 66 of 85 |
| Tradability | 84 | 6 of 85 |
| Holdings | 64 | 38 of 85 |
| Durability | 85 | 9 of 85 |

## Top holdings

The fund holds 359 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | US Dollar | 1.89% |
| 2 | — | ROCKET COS INC 6.375%, due 08/01/2033 | 1.40% |
| 3 | — | 1011778 BC / NEW RED FIN 4%, due 10/15/2030 | 1.36% |
| 4 | — | ONEDIGITAL BORROWER LLC Variable rate, due 07/02/2032 | 1.33% |
| 5 | — | CLOUD SOFTWARE GRP LLC 9%, due 09/30/2029 | 0.98% |
| 6 | — | QUIKRETE HOLDINGS INC 6.75%, due 03/01/2033 | 0.98% |
| 7 | — | FAIR ISAAC CORP 6%, due 05/15/2033 | 0.95% |
| 8 | — | ECHOSTAR CORP 10.75%, due 11/30/2029 | 0.94% |
| 9 | — | YUM! BRANDS INC 5.375%, due 04/01/2032 | 0.85% |
| 10 | — | TRANSDIGM INC 6.375%, due 05/31/2033 | 0.85% |
| 11 | — | ALLIANT HOLD / CO-ISSUER 6.75%, due 04/15/2028 | 0.84% |
| 12 | — | SHIFT4 PAYMENTS LLC/FIN 6.75%, due 08/15/2032 | 0.83% |
| 13 | — | AMWINS GROUP INC 4.875%, due 06/30/2029 | 0.78% |
| 14 | — | TALEN ENERGY SUPPLY LLC 6.375%, due 05/01/2033 | 0.77% |
| 15 | — | LEIA FINCO US LLC Variable rate, due 10/09/2032 | 0.75% |
| 16 | — | VENTURE GLOBAL PLAQUEMINES LNG LLC 7.75%, due 05/01/2035 | 0.75% |
| 17 | — | SIRIUS XM RADIO LLC 4%, due 07/15/2028 | 0.73% |
| 18 | — | NEPTUNE BIDCO US INC 9.29%, due 04/15/2029 | 0.72% |
| 19 | — | RAVEN ACQUISITION HOLDINGS 6.875%, due 11/15/2031 | 0.72% |
| 20 | — | VIKING OCEAN CRUISES SHIP VII LTD 5.625%, due 02/15/2029 | 0.68% |
| 21 | — | CCO HLDGS LLC/CAP CORP 7.375%, due 03/03/2031 | 0.68% |
| 22 | — | SCIH SALT HOLDINGS INC 6.625%, due 08/15/2031 | 0.66% |
| 23 | — | ALPHA GENERATION LLC 6.25%, due 01/15/2034 | 0.65% |
| 24 | — | BALDWIN INSUR GRP/FIN 7.125%, due 05/15/2031 | 0.63% |
| 25 | — | NEXSTAR MEDIA INC 4.75%, due 11/01/2028 | 0.63% |
| 26 | — | TENET HEALTHCARE CORP 6.75%, due 05/15/2031 | 0.60% |
| 27 | — | RB GLOBAL HOLDINGS INC 7.75%, due 03/15/2031 | 0.60% |
| 28 | — | WESCO DISTRIBUTION INC 6.375%, due 03/15/2033 | 0.59% |
| 29 | — | ATHENAHEALTH GROUP INC 6.50%, due 02/15/2030 | 0.59% |
| 30 | — | MEDLINE BORROWER LP 5.25%, due 10/01/2029 | 0.58% |

Source: etf.net, https://etf.net/etf/HYLS. Please cite the page URL.