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)
‪2.30 B‬USD
Fund flows (1Y)
‪70.18 M‬USD
Dividend yield (indicated)
7.53%
Discount/Premium to NAV
0.1%
Shares outstanding
‪49.65 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
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
High yield
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 10, 2025
Exposure type
Bonds, Cash & Other
Miscellaneous
Loans
Corporate
Bonds, Cash & Other100.00%
Miscellaneous47.44%
Loans31.09%
Corporate11.99%
Mutual fund6.87%
Cash2.61%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows