{
 "ticker": "HISF",
 "name": "First Trust High Income Strategic Focus ETF",
 "issuer": "First Trust",
 "desk": "income",
 "url": "https://etfiq.com/funds/hisf",
 "html": "https://etfiq.com/funds/hisf",
 "markdown": "https://etfiq.com/funds/hisf.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, HISF paid 4.9% in cash and still finished 17.3 points behind SPY.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "4.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "HISF, cash paid, 1 year, on its starting price: 4.9%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+0.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "HISF, total return, 1 year: +0.3%, as of Sep 11, 2026."
  },
  {
   "key": "against_spy",
   "label": "Against SPY",
   "value": "\u221217.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "HISF, against SPY: \u221217.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "5.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "HISF, latest payout, annualized: 5.0%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$100m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "HISF, net assets: $100m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.83%",
   "source": "485BPOS XBRL, Feb 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "HISF, expense ratio: 0.83% (485BPOS XBRL, Feb 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 (SPY), used as a default proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$100m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "5.0%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.83%",
   "source": "485BPOS XBRL, Feb 27, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "5.2%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 28, 2024",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "30 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "8 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.182 ex Aug 21, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$2.2454",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "1.3%",
   "Price": "\u22122.5%",
   "Total return": "\u22121.2%",
   "SPY": "+3.3%",
   "Ahead or behind": "\u22124.5 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "2.5%",
   "Price": "\u22122.7%",
   "Total return": "\u22120.2%",
   "SPY": "+16.0%",
   "Ahead or behind": "\u221216.2 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "4.9%",
   "Price": "\u22124.7%",
   "Total return": "+0.3%",
   "SPY": "+17.5%",
   "Ahead or behind": "\u221217.3 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "12.1%",
   "Price": "\u22121.7%",
   "Total return": "+10.9%",
   "SPY": "+55.5%",
   "Ahead or behind": "\u221244.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has HISF paid over the last year?",
   "a": "Over the year to Sep 11, 2026, HISF paid 4.9% of its starting price in cash distributions, while the price fell 4.7%."
  },
  {
   "q": "Is HISF ahead of SPY?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, HISF returned +0.3% against +17.5% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 17.2 points."
  },
  {
   "q": "How often does HISF pay, and how much?",
   "a": "HISF pays monthly. The latest distribution annualizes to 5.0% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does HISF next pay a distribution?",
   "a": "HISF pays monthly. The last distribution went ex on Aug 21, 2026 at $0.182 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 21, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 8 days."
  },
  {
   "q": "What does HISF cost?",
   "a": "The prospectus expense ratio is 0.83% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}