First Trust High Yield Opportunities 2027 Term Fund
Sponsor: First Trust · Inception Jun 26, 2020 · Pays monthly
Market priceShare price
$12.76
+0.87% (+$0.11)
NAVAsset value per share
$13.32
as of Oct 13, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
4.20% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
11.76%
regular, annualised · on NAV 11.26%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.
Sponsor & official fund page
The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Sponsor websitelatest | — | — | — | Sponsor | OK (Sep 27, 2026, 12:26 AM EDT) |
Prospectus & registration statements
Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Prospectus supplement (Rule 497) — DEFINITIVE MATERIALSlatest · filing index | Jun 26, 2020 | Jun 26, 2020 | 497 | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Registration statement amendment (Form N-2/A) — AMENDMENT TO FORM N-2 · filing index | Jun 25, 2020 | Jun 25, 2020 | N-2/A | SEC EDGAR | unchecked |
| Registration statement amendment (Form N-2/A) — AMENDMENT TO FORM N-2 · filing index | Jun 24, 2020 | Jun 24, 2020 | N-2/A | SEC EDGAR | unchecked |
| Registration statement amendment (Form N-2/A) — AMENDMENT TO FORM N-2 · filing index | Jun 3, 2020 | Jun 3, 2020 | N-2/A | SEC EDGAR | unchecked |
| Registration statement / prospectus (Form N-2) — INITIAL REGISTRATION STATEMENT · filing index | Apr 28, 2020 | Apr 28, 2020 | N-2 | SEC EDGAR | unchecked |
Annual reports (N-CSR)
Financial highlights, statements, notes on leverage and fees, distribution sources.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERSlatest · filing index | May 31, 2026 | Aug 6, 2026 | N-CSR | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS · filing index | May 31, 2025 | Aug 6, 2025 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS · filing index | May 31, 2024 | Aug 9, 2024 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS · filing index | May 31, 2023 | Aug 4, 2023 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS · filing index | May 31, 2022 | Aug 8, 2022 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — ANNUAL REPORT TO SHAREHOLDERS · filing index | May 31, 2021 | Aug 6, 2021 | N-CSR | SEC EDGAR | unchecked |
Semi-annual reports (N-CSRS)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERSlatest · filing index | Nov 30, 2025 | Feb 9, 2026 | N-CSRS | SEC EDGAR | OK (Oct 11, 2026, 12:19 AM EDT) |
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERS · filing index | Nov 30, 2024 | Jan 30, 2025 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERS · filing index | Nov 30, 2023 | Feb 5, 2024 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERS · filing index | Feb 2, 2023 | Feb 2, 2023 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERS · filing index | Nov 30, 2021 | Feb 3, 2022 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — SEMIANNUAL REPORT TO SHAREHOLDERS · filing index | Nov 30, 2020 | Feb 4, 2021 | N-CSRS | SEC EDGAR | unchecked |
Portfolio holdings (N-PORT)
Monthly portfolio filed quarterly with a ~60-day lag.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Monthly portfolio holdings (Form N-PORT)latest · filing index | May 29, 2026 | Jul 23, 2026 | NPORT-P | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Monthly portfolio holdings (Form N-PORT) · filing index | Feb 27, 2026 | Apr 23, 2026 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Nov 28, 2025 | Jan 26, 2026 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Aug 29, 2025 | Oct 29, 2025 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | May 30, 2025 | Jul 23, 2025 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Feb 28, 2025 | Apr 23, 2025 | NPORT-P | SEC EDGAR | unchecked |
Proxy statements & reorganisations
Shareholder votes: directors, mergers, liquidations, conversions.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENTlatest · filing index | May 31, 2026 | Aug 6, 2026 | DEF 14A | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index | May 31, 2025 | Jul 28, 2025 | DEF 14A | SEC EDGAR | unchecked |
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index | May 31, 2024 | Aug 2, 2024 | DEF 14A | SEC EDGAR | unchecked |
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index | May 31, 2023 | Aug 3, 2023 | DEF 14A | SEC EDGAR | unchecked |
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index | May 31, 2022 | Aug 12, 2022 | DEF 14A | SEC EDGAR | unchecked |
| Proxy statement (DEF 14A) — DEFINITIVE PROXY STATEMENT · filing index | May 31, 2021 | Aug 9, 2021 | DEF 14A | SEC EDGAR | unchecked |
Current reports (8-K)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Current report (8-K) — CURRENT REPORTlatest · filing index | Nov 13, 2023 | Nov 13, 2023 | 8-K | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Current report (8-K) — CURRENT REPORT · filing index | Sep 11, 2023 | Sep 12, 2023 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Jun 22, 2023 | Jun 23, 2023 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Nov 2, 2022 | Nov 2, 2022 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Nov 1, 2021 | Nov 1, 2021 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Oct 20, 2021 | Oct 21, 2021 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Nov 16, 2020 | Nov 16, 2020 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) — CURRENT REPORT · filing index | Oct 20, 2020 | Oct 20, 2020 | 8-K | SEC EDGAR | unchecked |
Annual census (N-CEN)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Annual census report (Form N-CEN)latest · filing index | May 31, 2026 | Aug 11, 2026 | N-CEN | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Annual census report (Form N-CEN) · filing index | May 31, 2025 | Aug 8, 2025 | N-CEN | SEC EDGAR | unchecked |
| Annual census report (Form N-CEN) · filing index | May 31, 2024 | Aug 6, 2024 | N-CEN | SEC EDGAR | unchecked |
Other
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Proxy voting record (N-PX)latest · filing index | Jun 30, 2026 | Jul 31, 2026 | N-PX | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
| Proxy voting record (N-PX) · filing index | Jun 30, 2025 | Jul 17, 2025 | N-PX | SEC EDGAR | unchecked |
| Proxy voting record (N-PX) · filing index | Jun 30, 2024 | Aug 26, 2024 | N-PX | SEC EDGAR | unchecked |
| Proxy voting record (N-PX) — PROXY VOTING RECORD · filing index | Jun 30, 2023 | Aug 10, 2023 | N-PX | SEC EDGAR | unchecked |
| All SEC filings for this fund (EDGAR)latest | — | — | — | SEC EDGAR | OK (Sep 27, 2026, 12:26 AM EDT) |
Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.
CEF Explorer research page for First Trust High Yield Opportunities 2027 Term Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.