First Trust Senior Loan Fund (FTSL)
First Trust Senior Loan Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $44.95, up 0.00% on the session, giving a market capitalisation of $2.31B. Its beta of 0.06 implies it has historically moved less than the broad market.
The First Trust Senior Loan Fund is an actively managed exchange-traded fund (ETF) that primarily aims to deliver substantial current income. This is achieved by principally allocating its capital to a diverse portfolio of first-priority, senior, floating-rate bank loans, commonly referred to as "Senior Loans." A secondary goal of the fund is the protection of its invested capital. Under normal market conditions, the fund commits at least 80% of its net assets to Senior Loans, with a focus on those extended to businesses predominantly operating in North America. Up to 20% of its net assets may also be invested in other asset types, including debt instruments that are not Senior Loans, warrants, equity securities, and holdings in other collective investment schemes.
First Trust Senior Loan Fund is most often compared with the following Financial Services names: