Highland/iBoxx Senior Loan ETF (SNLN)
Highland/iBoxx Senior Loan ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $14.62, up 0.65% on the session, giving a market capitalisation of $30.6M. Its beta of 0.23 implies it has historically moved less than the broad market.
Under typical market conditions, this fund allocates a minimum of 80% of its total assets to the individual securities comprising its benchmark index. This underlying index is a specific component of the broader Markit iBoxx USD Leveraged Loan Index. "Leveraged Loans" refer to debt instruments extended to corporations that generally carry substantial existing debt, frequently characterized by lower credit quality or elevated interest rates. The fund's investment approach is non-diversified.
Highland/iBoxx Senior Loan ETF is most often compared with the following Financial Services names: