First Asset Active Credit ETF (FAY.UN) Stock Price, News & Analysis

First Asset Yield Opportunity Trust is a closed-end investment trust. The Fund’s investment objectives are to provide Holders with a stable stream of tax efficient monthly distributions consisting of capital gains and returns of capital. The Fund provides Series A Holders and Series B Holders with exposure to two portfolios, one for each of the Series A Units (the Series A Portfolio) and Series B Units (the Series B Portfolio, collectively with the Series A Portfolio, the Global Bond Portfolio), both of which consist primarily of global high yield instruments, as established by First Asset Global Bond Trust. The Global Bond Portfolio consists of a portfolio of global instruments, including senior and subordinated corporate debt obligations, convertible and non-convertible corporate debt obligations, loan participations, custodial receipts, municipal securities, preferred shares and other high yield instruments. First Asset Investment Management Inc. is its investment manager.