First Trust High Yield Opportunities 2027 Term Fund (FTHY) - Net Assets
Based on the latest financial reports, First Trust High Yield Opportunities 2027 Term Fund (FTHY) has net assets worth $549.59 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($741.68 Million) and total liabilities ($192.09 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read how much debt does First Trust High Yield Opportunities 202 carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $549.59 Million |
| % of Total Assets | 74.1% |
| Annual Growth Rate | -8.15% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.92 |
First Trust High Yield Opportunities 2027 Term Fund - Net Assets Trend (2021–2025)
This chart illustrates how First Trust High Yield Opportunities 2027 Term Fund's net assets have evolved over time, based on quarterly financial data. Also explore FTHY current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for First Trust High Yield Opportunities 2027 Term Fund (2021–2025)
The table below shows the annual net assets of First Trust High Yield Opportunities 2027 Term Fund from 2021 to 2025. For live valuation and market cap data, see First Trust High Yield Opportunities 202 (FTHY) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $552.49 Million | -1.88% |
| 2024-05-31 | $563.09 Million | -0.58% |
| 2023-05-31 | $566.40 Million | -11.88% |
| 2022-05-31 | $642.78 Million | -17.18% |
| 2021-05-31 | $776.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Trust High Yield Opportunities 2027 Term Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 375.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $367.73K | 0.07% |
| Other Components | $666.83 Million | 120.69% |
| Total Equity | $552.49 Million | 100.00% |
First Trust High Yield Opportunities 2027 Term Fund Competitors by Market Cap
The table below lists competitors of First Trust High Yield Opportunities 2027 Term Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hollyland China Electronics Technology Corp Ltd
SHE:002729
|
$493.18 Million |
|
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
|
$493.27 Million |
|
BlackRock Core Bond Closed Fund
NYSE:BHK
|
$493.37 Million |
|
PostNL NV
AS:PNL
|
$493.42 Million |
|
Alexander Marine Co Ltd
TW:8478
|
$492.95 Million |
|
Hainan Honz Pharmaceutical Co
SHE:300086
|
$492.83 Million |
|
Zhejiang Wufangzhai Industry Co. Ltd. A
SHG:603237
|
$492.55 Million |
|
Jinsanjiang (Zhaoqing) Silicon Material Company Limited
SHE:301059
|
$492.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Trust High Yield Opportunities 2027 Term Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 563,093,133 to 552,492,344, a change of -10,600,789 (-1.9%).
- Net income of 45,478,019 contributed positively to equity growth.
- Dividend payments of 56,078,808 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $45.48 Million | +8.23% |
| Dividends Paid | $56.08 Million | -10.15% |
| Total Change | $- | -1.88% |
Book Value vs Market Value Analysis
This analysis compares First Trust High Yield Opportunities 2027 Term Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.64x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-05-31 | $21.06 | $13.50 | x |
| 2022-05-31 | $17.47 | $13.50 | x |
| 2023-05-31 | $15.40 | $13.50 | x |
| 2024-05-31 | $15.31 | $13.50 | x |
| 2025-05-31 | $15.02 | $13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Trust High Yield Opportunities 2027 Term Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 83.65%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.34x
- Recent ROE (8.23%) is above the historical average (2.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.45% | 98.84% | 0.07x | 1.43x | $3.47 Million |
| 2022 | -11.33% | 0.00% | -0.08x | 1.44x | $-137.12 Million |
| 2023 | -3.46% | 0.00% | -0.03x | 1.24x | $-76.25 Million |
| 2024 | 9.60% | 98.30% | 0.08x | 1.25x | $-2.25 Million |
| 2025 | 8.23% | 83.65% | 0.07x | 1.34x | $-9.77 Million |
Industry Comparison
This section compares First Trust High Yield Opportunities 2027 Term Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Trust High Yield Opportunities 2027 Term Fund (FTHY) | $549.59 Million | 10.45% | 0.35x | $493.13 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About First Trust High Yield Opportunities 2027 Term Fund
First Trust High Yield Opportunities 2027 Term Fund operates in various business sectors.