FTSLFirst Trust Senior Loan Fund

Get income13y track recordRanked #461 of 1,622 in this goal

The Fund's primary investment objective is to provide high current income.

By First Trust · Launched 2013

Annual Cost

0.70%

#3,529 of 5,562 · average

Fund Size

$2.3B

#679 of 5,562 · large

Dividend YieldGoal

6.47%

Track Record

13 years

#1,075 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,374+3.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 16.3% of fund✓ well diversified

MSILF Treasury Portfolio

4.5%

AthenaHealth Group Inc

1.8%

Whatabrands LLC

1.5%

Project Ruby Ultimate Parent Corp

1.4%

HIG Finance 2 Limited

1.4%

Proofpoint Inc

1.3%

Acrisure LLC

1.2%

POST HOLDINGS INC

1.1%

The Baldwin Insurance Group Holdings LLC

1.1%

Waystar Technologies Inc

1.1%

Asset allocation

Bonds

93.1%

Cash

6.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.1%Low

Year-on-year price swings

Max drawdown

-22.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

1.37Strong risk-adjusted returns

Sortino (3Y)

1.91Good downside protection

Bond profile

Duration

6.5 years

Credit ratings

BBB

5.5%

30.1%

58.0%

Below B

4.7%

Other

1.7%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: The Fund's primary investment objective is to provide high current income.
Strategy: Invests primarily in first lien senior floating rate bank loans, targeting high current income while preserving capital. The Fund may invest significantly in covenant-lite loans and primarily in loans below investment grade quality. It may also invest up to 20% in non-Senior Loan debt securities and up to 15% in distressed or defaulted loans. The investment advisor employs fundamental credit analysis and relative value analysis to select investments, focusing on diversification and risk management to achieve higher risk-adjusted returns.
Inception date: May 1, 2013
Fund family: First Trust