First Trust High Yield Opportunities 2027 Term Fund
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First Trust High Yield Opportunities 2027 Term Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital preservation. The portfolio invests primarily in a diversified portfolio of high-yield corporate bonds and other income-producing securities. As a term fund, it has a predetermined termination date in 2027, at which point the fund will liquidate and distribute its net assets to shareholders. The fund employs leverage to potentially enhance returns, though this also increases risk and volatility.