First Trust Senior Loan FundFirst Trust Senior Loan FundFirst Trust Senior Loan Fund

First Trust Senior Loan Fund

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Key stats


Assets under management (AUM)
‪2.40 B‬USD
Fund flows (1Y)
‪126.36 M‬USD
Dividend yield (indicated)
7.13%
Discount/Premium to NAV
−0.2%
Shares outstanding
‪52.25 M‬
Expense ratio
0.87%

About First Trust Senior Loan Fund


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
May 1, 2013
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
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.

Broaden your horizons with more funds linked to FTSL via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
High yield
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Loans
Miscellaneous
Stock breakdown by region
93%6%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FTSL trades at 45.95 USD today, its price has risen 0.13% in the past 24 hours. Track more dynamics on FTSL price chart.
FTSL net asset value is 45.96 today — it's risen 0.24% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FTSL assets under management is ‪2.40 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FTSL price has risen by 0.26% over the last month, and its yearly performance shows a 0.42% increase. See more dynamics on FTSL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.24% over the last month, showed a 0.64% increase in three-month performance and has increased by 4.62% in a year.
FTSL fund flows account for ‪126.36 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FTSL invests in bonds. See more details in our Analysis section.
FTSL expense ratio is 0.87%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FTSL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FTSL technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FTSL shows the sell signal. See more of FTSL technicals for a more comprehensive analysis.
Yes, FTSL pays dividends to its holders with the dividend yield of 7.13%.
FTSL trades at a premium (0.15%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FTSL shares are issued by AJM Ventures LLC
FTSL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 1, 2013.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.