As of November 4, 2019, First Trust Short Duration High Yield Bond ETF (CAD-Hedged) has been acquired by First Trust Senior Loan ETF (CAD-Hedged). First Trust Short Duration High Yield Bond ETF (CAD-Hedged) is an exchange traded fund launched by FT Portfolios Canada Co. The fund is managed by First Trust Advisors L.P. It invests in fixed income markets of the United States and Canada. The fund invests in denominated in U.S. dollars high yield debt securities rated Ba1 or below by Moody’s or BB+ or below by S&P and with the weighted average duration of no more than three years. It uses derivatives to hedge any currency exposure back to the CAD. The fund employs fundamental analysis focusing on factors such as industry trends, management quality, adequacy of collateral, if any, enterprise value and the consistency of corporate cash flows to create its portfolio. It benchmarks the performance of its portfolio against the BofA Merrill Lynch 0-5 year US High-Yield Constrained (CAD Hedged). The fund was formerly known as First Trust Advantaged Short Duration High Yield Bond Fund. First Trust Short Duration High Yield Bond ETF (CAD-Hedged) was formed on May 20, 2011 and is domiciled in Canada.