Market price, NAV and premium/discount
Premium/discount statistics
| Window | Average | Std. dev. | Z-score | Observations | Minimum sample |
|---|---|---|---|---|---|
| 3 months | -3.69% | 0.91% | -1.16 | 55 | 40 |
| 6 months | -3.87% | 0.85% | -1.02 | 107 | 80 |
| 1 year | -4.04% | — | — | 125 | 160 |
| 3 years | -6.65% | — | — | — | 500 |
| 5 years | -7.88% | — | — | — | 900 |
How to read this. Premium/discount = (price ÷ NAV − 1) × 100; negative is a discount. Averages and standard deviations use daily pairs where a closing price and a NAV were both published for the same date — NAV is never forward-filled. Z = (current − window average) ÷ window standard deviation, suppressed below the minimum sample or when the standard deviation is zero. A discount does not guarantee convergence to NAV or a profitable investment; a negative Z-score describes a wider-than-usual discount for this fund, not undervaluation.
Premium/discount and NAV per share as reported in SEC filings
| Period end | Form | NAV / share | Share price | Reported prem/disc | Source |
|---|---|---|---|---|---|
| May 31, 2026 | N-CSR | $14.21 | $13.83 | -2.67% | EDGAR filing |
Inline XBRL facts tagged by the fund (cef: and us-gaap: taxonomies). These are the fund's own reported figures for the stated dates.
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.