Is FTHY a Friend, Question Mark or Foe?

FTHY is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the FTHY distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

FTHY Income Quality Score

Name: FTHY Income Quality Score
Creator: Income Quality Score
Keywords: FTHY income quality, FTHY dividend quality, FTHY dividend safety, FTHY distribution history, FTHY dividend score, FTHY analysis, First Trust High Yield Opportunities 2027 Term Fund dividend

First Trust High Yield Opportunities 2027 Term Fund (FTHY) has an Income Quality Score of 45/100, classified as a Question Mark with medium confidence, based on a 5-year income and total-return history.

First Trust High Yield Opportunities 2027 Term Fund (FTHY) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 7, 2026Lookback: 5-year

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Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 3 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

45/100

Question MarkMedium confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

204 of 266

Lookback

5-year

Data as of

July 7, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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FTHYFirst Trust High Yield Opportunities 2027 Term Fund

45Question Mark

ConfidenceMediumSnapshot2026-07Data as of2026-07-07Lookback5-yearAsset typeClosed-End Fund

Overview

FTHY scores 45 and is classified Question Mark on a 5-year lookback, from the 2026-07 snapshot. This is a research classification of historical income quality, not advice and not a prediction.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

15/100

Working Capital Preservation

59/100

Distribution Cut Score

100/100

What to watch

Distributions exceed long-term total return
No distribution cuts in history

Flags & gates

Yield Trap

Distribution Safety

4Years raised

0Years cut

7Years of data

Distributions per year, from the frozen distribution-stability signal.
Year	Total	Change
2020	0.597	Held
2021	0.8358	Raised
2022	1.299	Raised
2023	1.4238	Raised
2024	1.55	Raised
2025	1.5	Lower
2026	0.875	Partial year

History

Not enough published history yet to draw a trend.

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases. Where the methodology changed, the line is broken rather than joined across the change.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.