Key stats
About First Trust Senior Loan Fund
Expense ratio
0.87%
Home page
Inception date
May 1, 2013
ISIN
US33738D3098
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%
Loans46.32%
Miscellaneous28.14%
Corporate15.09%
Mutual fund9.11%
Cash1.35%