First Trust High Income Long/Short Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income. The Fundâs secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in a diversified portfolio of United States and foreign (including emerging markets) high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase. It invests in corporate fixed-income securities, which include corporate bonds, debentures, notes, commercial paper and other similar types of corporate debt instruments. The Fund invests in various sectors, including energy, services, media, leisure, capital goods, basic industry, healthcare, consumer goods, automotive, retail, and telecommunications. The Fundâs investment adviser is First Trust Advisors L.P.
More about the company