Key stats
About First Trust Senior Loan Fund
Expense ratio
0.87%
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Inception date
May 1, 2013
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
Loans
Miscellaneous
Corporate
Bonds, Cash & Other100.00%
Loans48.72%
Miscellaneous33.53%
Corporate11.60%
Mutual fund5.62%
Cash0.53%
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