FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY)
The First Trust High Yield Opportunities 2027 Term Fund operates as a diversified, closed-end investment vehicle. Its primary objective is the generation of current income. Established on June 25, 2020, the fund maintains its principal office in Wheaton, Illinois.
Industry: Asset Management
First Trust High Yield Opportunities 2027 Term Fund
NYSE:FTHYFinancial Services · Asset Management
+1.24%$13.04
AH Close$13.04+0.00%vs close
AH$13.04+0.00%vs close
Mkt Cap$479.52M
Float36.6M
O/S36.77M
Inst Own45.8%
SI0.4%
Div Yield11.50%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$34.74M
Net Income$25.33M
Total Assets$667.45M
Free Cash Flow$72.95M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$139M
Total Equity$522.67M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FTHY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$667.45M
Liabilities$144.78M
Accounts Receivable$0
Accounts Payable$4.87M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Revenue | $34.74M | $54.36M | $55M | -$18.72M | -$71.78M | $82.04M |
| YoY Growth | -36.1% | -1.1% | -393.8% | -73.9% | -187.5% | - |
| Cost of Revenue | $8.64M | $8.18M | $0 | $0 | $0 | $0 |
| Gross Profit | $26.1M | $46.18M | $55M | -$18.72M | -$71.78M | $82.04M |
| Gross Margin | 75.1% | 84.9% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $744K | $683K | $915K | $869K | $1M | $902K |
| Other | $24K | $22K | $20K | $0 | $0 | $0 |
| Total Operating Expenses | $768K | $705K | $935K | $887K | $1.06M | $949K |
| Operating Income (EBIT) | $25.33M | $45.48M | $54.06M | -$19.61M | -$72.84M | $81.09M |
| Operating Margin | 72.9% | 83.7% | 98.3% | 104.7% | 101.5% | 98.8% |
| Interest Expense | $8.64M | $8.18M | $8.66M | $6.99M | $2.9M | $2.46M |
| Interest Income | $50.53M | $50.21M | $51.21M | $51.69M | $60.2M | $54.56M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $25.33M | $45.48M | $54.06M | -$19.61M | -$72.84M | $81.09M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $25.33M | $45.48M | $54.06M | -$19.61M | -$72.84M | $81.09M |
| Net Income Margin | 72.9% | 83.7% | 98.3% | 104.7% | 101.5% | 98.8% |
| Supplementary Data | ||||||
| EPS | 0.00 | 1.24 | 1.49 | -0.54 | -1.98 | 2.20 |
| Diluted EPS | 0.00 | 1.24 | 1.47 | -0.53 | -1.98 | 2.20 |
| Weighted Average OS | 36.72M | 36.68M | 36.31M | 36.31M | 36.79M | 36.86M |
| EBITDA | $25.33M | $45.48M | $54.06M | -$31.99M | -$142.55M | $0 |
| EBITDA Margin | 72.9% | 83.7% | 98.3% | 170.9% | 198.6% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $0 | $212K | $84K | $66K | $34K | $204K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $212K | $84K | $66K | $34K | $204K |
| Accounts Receivable | $0 | $18.45M | $16.9M | $12.25M | $16.34M | $17.16M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $31K | $18.7M | $17.02M | $12.31M | $16.38M | $17.36M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $687.99M | $908.37M | $1.09B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $667.41M | $720.58M | $686.19M | -$687.99M | -$908.37M | -$1.09B |
| Total Long-Term Assets | $667.41M | $720.58M | $686.19M | $687.99M | $908.37M | $1.09B |
| Other Assets | $0 | $0 | $0 | $32K | $33K | $37K |
| Total Assets | $667.45M | $739.28M | $703.21M | $700.33M | $924.79M | $1.11B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $4.87M | $28.83M | $8.14M | $9.97M | $2.78M | $20.36M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | -$957K | -$1.22M | -$1.41M |
| Total Current Liabilities | $5.78M | $28.83M | $8.14M | $9.97M | $2.78M | $20.36M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $139M | $157M | $131M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2K | $955K | $985K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $139M | $157.95M | $131.98M | $123M | $278M | $309M |
| Other Liabilities | $0 | $0 | $0 | $961K | $1.22M | $1.41M |
| Total Liabilities | $144.78M | $186.79M | $140.12M | $133.93M | $282M | $330.77M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $368K | $368K | $368K | $368K | $368K | $367K |
| Retained Earnings | -$122.3M | -$114.7M | -$127.42M | -$147.88M | -$92.63M | $41.65M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $644.6M | $666.83M | $690.14M | $713.91M | $735.05M | $734.12M |
| Total Equity | $522.67M | $552.49M | $563.09M | $566.4M | $642.78M | $776.14M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $667.45M | $739.28M | $703.21M | $700.33M | $924.79M | $1.11B |
| Supplementary Data | ||||||
| Total Debt | $139M | $157M | $131M | $123M | $278M | $309M |
| Net Debt | $139M | $156.79M | $130.92M | $122.93M | $277.97M | $308.8M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 |
| Operating Activities | ||||||
| Net Income | $25.33M | $45.48M | $54.06M | -$19.61M | -$72.84M | $81.09M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$114K | -$55K | $585K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$184K | -$86K | $65K | $0 | $0 | $0 |
| Total Working Capital Change | -$298K | -$141K | $650K | $3.28M | -$953K | -$11M |
| Other Non-Cash Items | $47.91M | -$15.13M | -$5.33M | $228.14M | $165.14M | -$1.07B |
| Net Cash from Operating | $72.95M | $30.21M | $49.38M | $211.81M | $91.35M | -$1B |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||
| Debt Repaid | $18M | -$26M | -$8M | $155M | $31M | -$309M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $965K | $734.52M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$55.16M | -$56.08M | -$57.37M | -$56.78M | -$61.48M | -$39.47M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$73.16M | -$30.08M | -$49.37M | -$211.78M | -$91.52M | $1B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$212K | $128K | $18K | $33K | -$170K | $204K |
| Supplementary Data | ||||||
| Operating Cash Flow | $72.95M | $30.21M | $49.38M | $211.81M | $91.35M | -$1B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $72.95M | $30.21M | $49.38M | $211.81M | $91.35M | -$1B |
| Cash at Beginning | $212K | $84K | $66K | $34K | $204K | $0 |
| Cash at End | $0 | $212K | $84K | $66K | $34K | $204K |