First Trust Senior Loan Fund ETF
FTSL
Market cap $2.21B

46.38 USD

+0.26

0.56%

At close Dec 20, 4:00 PM EST

1 day

0.56%

5 days

0.24%

1 month

-0.19%

3 months

0.35%

6 months

0.89%

Year to date

0.72%

1 year

0.39%

5 years

-2.93%

10 years

-4.31%

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4% less funds holding

Funds holding: 331 [Q2] → 319 (-12) [Q3]

11.19% less ownership

Funds ownership: 78.56% [Q2] → 67.37% (-11.19%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 136

18% less capital invested

Capital invested by funds: $1.79B [Q2] → $1.48B (-$314M) [Q3]

28% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 43

31% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 11 (-5) [Q3]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for FTSL.

See Analyst Rankings

Financial journalist opinion

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

FTSL: In Case The Fed Keeps Rates Here

Floating rate bank loans, like those in the First Trust Senior Loan Fund (FTSL), are attractive in a high-interest-rate environment due to their high yield and risk/return profile. FTSL is actively managed, allowing it to capitalize on market mispricings and adapt to changing conditions better than passive funds. The fund is well-diversified with 222 positions, a 30-Day SEC Yield of 7.76%, and a weighted effective duration of 0.58 years.

FTSL: In Case The Fed Keeps Rates Here

FTSL: Senior Loan ETF, Good Dividend Yield, Below-Average Performance, And High Expense Ratio

FTSL is a simple senior loan ETF, with an above-average 7.7% dividend yield. Senior loans were one of the best-performing income investments of 2022 and 2023, with FTSL outperforming most of its peers. Outperformance has diminished these past few months. Fed hikes and narrow credit spreads could pressure senior loans and FTSL further.

FTSL: Senior Loan ETF, Good Dividend Yield, Below-Average Performance, And High Expense Ratio

FTSL: When A Hold Is A Hold

The First Trust Senior Loan Fund ETF is used as a prime example of a "Hold" investment, emphasizing its stable dividend yield and low volatility. The thesis discusses potential downside risks, such as rising default rates and interest rate hikes, and outlines scenarios that could lead to a "Sell" rating. The article clarifies the distinction between "Hold" and "Sell" ratings in investment analysis, focusing on dividend-paying securities with limited upside potential.

FTSL: When A Hold Is A Hold

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: August 21, 2024 Record Date: August 21, 2024 Payable Date: August 30, 2024 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Na.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: April 23, 2024 Record Date: April 24, 2024 Payable Date: April 30, 2024 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL N.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

MSIM's Active Senior Loan ETF Beats Competitors on Cost

Morgan Stanley Investment Management's active senior loan ETF is a compelling offering in the current environment. Investors have increasingly looked to senior loan ETFs in recent history instead of high yield bonds.

MSIM's Active Senior Loan ETF Beats Competitors on Cost

FTSL: Not A Good Entry Point, But An Attractive Hold (Rating Downgrade)

First Trust Senior Loan Fund ETF is an exchange-traded fund that invests in leveraged loans. Despite rising interest rates, leveraged loans have delivered robust returns in the past year due to their floating-rate nature. The fund has gained over 6.5% since our last rating, with low volatility, and currently offers a 30-day SEC yield in excess of 8%.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: February 21, 2024 Record Date: February 22, 2024 Payable Date: February 29, 2024 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS First Trust Exchange-Traded Fund III FCAL Na.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Eaton Vance Loans Expertise to the ETF Market

When the Exchange conference starts on Monday, advisors will have a new active floating rate bond ETF to learn about. It's one that's backed by a firm with a rich heritage in the investment style.

See News Rankings

Charts implemented using Lightweight Charts™