FTHY CEF — First Trust High Yield Opportunities 2027 Term Fund

First Trust High Yield Opportunities 2027 Term Fund (FTHY)

FTHY is a low-cost CEF. its distribution rate is 11.51%, its trailing-12-month yield is 11.51%. Dividend Vision Distribution Safety Score™ is 80/100 (Safe). Total return is 20.4% over the past 6.2 years, 160.2 points behind SPY at 180.6%.

At the current 11.51% distribution rate, a $10,000 investment would generate approximately $1,151 per year, or $95.92 per month.

FTHY performance versus SPY

Price and return data through 2026-09-21.

Total return is 20.4% over the past 6.2 years, 160.2 points behind SPY at 180.6%. Over the past year its total return — price change plus distributions reinvested — is -0.9%. Its deepest 1-year drawdown was 5.4%.

FTHY key facts

Distribution Safety Score™

80 · Safe

Safety-Adjusted Yield

9.21%

Issuer

First Trust

Asset type

CEF

Asset class

Fixed Income

Inception date

06/26/2020

Distribution rate

11.51%

Distribution frequency

Monthly

Trailing yield

11.51%

5-year average yield

10.03

Last close

$13.03 (as of 2026-09-21)

NAV

N/A

Premium / discount

N/A

Market cap

$479,152,032

Average volume

94487.0

Last dividend

$0.125

Last ex-dividend date

09/01/2026 (as of 2026-09-01)

Beta

0.2953

How Dividend Vision calculates yield and returns

Distribution rate (11.51%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (11.51%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FTHY risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.4%.

Who may consider FTHY — and who may not

FTHY may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from First Trust.