First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund in the High Yield Bond category. It has $1.64B in assets, an expense ratio of 0.69% and a 6.75% dividend yield. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.