(FTSL) Senior Loan Fund - Overview
ETF Category: Bank Loan | Exchange: NASDAQ (USA) | Market Cap: 2.301m USD | Total Return: 5.3% in 12m
TER: 0.87%
Avg Turnover: 9.64M
Warnings
No concerns identified
Tailwinds
Shakeout
The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that primarily invests in first lien senior floating rate bank loans. Under normal conditions, at least 80% of the funds net assets are allocated to these instruments, focusing on borrowers located in North America with the flexibility to include international holdings.
Senior loans occupy the highest priority in a companys capital structure, meaning they are typically repaid before other debt obligations or equity in the event of a default. Because these loans feature floating interest rates, their coupons adjust periodically based on benchmark rates, which can help mitigate interest rate risk for investors during periods of rising rates.
Investors can further evaluate these credit metrics and underlying holdings by visiting ValueRay.
- Federal Reserve interest rate pivots impact floating rate coupon income
- Corporate credit default rates influence underlying net asset value performance
- Senior loan seniority provides recovery protection during economic downturns
- Secondary market liquidity constraints affect fund premium and discount volatility
- Credit spread tightening reduces yield premiums over benchmark interest rates
Over the past week, the price has changed by -0.18%, over one month by +0.68%, over three months by +1.21% and over the past year by +5.28%.
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