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About First Trust Senior Loan Fund
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Inception date
May 1, 2013
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FTSL offers actively managed exposure to senior loans and similar securities primarily, but not exclusively, from North America. Fund documents show a typical profile for a senior loan fund: very low interest-rate risk (from floating-rate debt) and high credit risk (from a near-total allocation to below-investment-grade debt). The funds investment advisor combines a fundamental credit selection process with relative value analysis and top-down macroeconomic perspectives when selecting investment opportunities. FTSL may also invest significantly in covenant-lite loans.
Classification
What's in the fund
Exposure type
Miscellaneous
Loans
Corporate
Mutual fund
Bonds, Cash & Other100.00%
Miscellaneous56.74%
Loans20.63%
Corporate12.76%
Mutual fund10.40%
Cash−0.53%
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