FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND) Scaled Net Operating Assets : 1.01 (As of Nov. 2023)

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What is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's operating assets for the quarter that ended in Nov. 2023 was $715.42 Mil. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's operating liabilities for the quarter that ended in Nov. 2023 was $5.09 Mil. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Total Assets for the quarter that ended in May. 2023 was $700.33 Mil. Therefore, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 1.01.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2023 )
=	(Operating Assets (A: May. 2023 )	-	Operating Liabilities (A: May. 2023 ))	/	Total Assets (A: May. 2022 )
=	(700.265	-	10.932)	/	924.785
=	0.75

where

	Operating Assets		(A: May. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	700.331	-	0.066
=	700.265

	Operating Liabilities		(A: May. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	133.932	-	123	-	0
=	10.932

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Nov. 2023 )
=	(Operating Assets (Q: Nov. 2023 )	-	Operating Liabilities (Q: Nov. 2023 ))	/	Total Assets (Q: May. 2023 )
=	(715.415	-	5.09)	/	700.331
=	1.01

where

	Operating Assets		(Q: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	715.448	-	0.033
=	715.415

	Operating Liabilities		(Q: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	142.09	-	137	-	0
=	5.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (NYSE:FTHY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND is a diversified, closed-end management investment company. The investment objective of the fund is to provide current income.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Housey William A Jr	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey M Scott	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kristi A Maher	officer: Asst. Secretary and CCO	FIRST TRUST PORTFOLIOS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Orlando Purpura	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Roger Testin	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
David Mcgarel	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Andy Roggensack	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
W Scott Jardine	officer: Secretary, other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
First Trust Advisors Lp	other: Investment Advisor	120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187