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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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First Trust Senior Loan Fund
Active ETF
FTSL
Dividend policy
Active
Price as of:
$47.98
+0.04
+0.08%
primary theme
Bank Loan
FTSL (ETF)
First Trust Senior Loan Fund
Dividend policy
Active
Price as of:
$47.98
+0.04
+0.08%
primary theme
Bank Loan
FTSL (ETF)
First Trust Senior Loan Fund
Dividend policy
Active
Price as of:
$47.98
+0.04
+0.08%
primary theme
Bank Loan
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
7.0%
3 Yr Avg Return
3.8%
5 Yr Avg Return
3.7%
Net Assets
$2.7 B
Holdings in Top 10
26.7%
52 WEEK LOW AND HIGH
$48.0
$45.77
$48.25
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Investment Style
Bank Loan
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FTSL - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.63%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust Senior Loan Fund
-
Fund Family NameFirst Trust
-
Inception DateMay 01, 2013
-
Shares Outstanding56450002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWilliam Housey
Fund Description
Under normal market conditions, the fund seeks to outperform each of the primary index and secondary index by investing at least 80% of its net assets in first lien senior floating rate bank loans. The S&P/LSTA U.S. Leveraged Loan 100 Index (the "primary index") is a market value-weighted index designed to measure the performance of the largest segment of the U.S. syndicated leveraged loan market. The Markit iBoxx USD Liquid Leveraged Loan Index (the "secondary index") selects the 100 most liquid Senior Loans in the market.
FTSL - Performance
Return Ranking - Trailing
| Period | FTSL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -2.8% | 11.8% | 85.22% |
| 1 Yr | 7.0% | 1.2% | 40.0% | 73.65% |
| 3 Yr | 3.8%* | -1.0% | 6.3% | 19.78% |
| 5 Yr | 3.7%* | 1.1% | 7.4% | 50.19% |
| 10 Yr | N/A* | 2.3% | 7.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FTSL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.7% | -16.5% | 289.8% | 8.74% |
| 2019 | 5.3% | -8.1% | 7.5% | 1.87% |
| 2018 | -5.2% | -12.2% | 5.5% | 72.94% |
| 2017 | -1.1% | -4.2% | 3.7% | 80.09% |
| 2016 | 3.6% | -65.0% | 12.9% | 74.19% |
Total Return Ranking - Trailing
| Period | FTSL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -2.8% | 11.8% | 75.79% |
| 1 Yr | 7.0% | 0.5% | 40.0% | 63.96% |
| 3 Yr | 3.8%* | -1.3% | 10.0% | 23.03% |
| 5 Yr | 3.7%* | 1.1% | 7.6% | 50.34% |
| 10 Yr | N/A* | 2.3% | 7.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FTSL Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -0.7% | -16.5% | 289.8% | 8.74% |
| 2019 | 5.3% | -8.1% | 7.5% | 1.87% |
| 2018 | -5.2% | -12.2% | 5.5% | 81.57% |
| 2017 | -1.1% | -4.2% | 7.2% | 82.25% |
| 2016 | 3.6% | -65.0% | 12.9% | 81.11% |
FTSL - Holdings
Concentration Analysis
| FTSL | Category Low | Category High | FTSL % Rank | |
|---|---|---|---|---|
| Net Assets | 2.7 B | 31.5 M | 10.2 B | 20.90% |
| Number of Holdings | 294 | 12 | 1358 | 60.30% |
| Net Assets in Top 10 | 767 M | -171 M | 2.25 B | 4.85% |
| Weighting of Top 10 | 26.66% | 4.9% | 94.7% | 21.88% |
Top 10 Holdings
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
- Hub International Ltd Hbgcn Tl 04/25/25 2.78%
Asset Allocation
| Weighting | Return Low | Return High | FTSL % Rank | |
|---|---|---|---|---|
| Bonds | 88.69% | 44.30% | 162.68% | 86.67% |
| Cash | 11.10% | -62.77% | 55.70% | 7.27% |
| Other | 0.10% | -58.74% | 12.76% | 45.15% |
| Convertible Bonds | 0.09% | 0.00% | 3.77% | 40.00% |
| Stocks | 0.02% | 0.00% | 16.02% | 86.97% |
| Preferred Stocks | 0.00% | 0.00% | 30.81% | 55.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FTSL % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 100.00% | N/A |
| Real Estate | 0.00% | 0.00% | 44.63% | N/A |
| Industrials | 0.00% | 0.00% | 100.00% | N/A |
| Healthcare | 0.00% | 0.00% | 99.69% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 99.91% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 84.19% | N/A |
| Basic Materials | 0.00% | 0.00% | 64.50% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FTSL % Rank | |
|---|---|---|---|---|
| US | 0.02% | -0.01% | 16.33% | 85.15% |
| Non US | 0.00% | -0.31% | 4.07% | 56.06% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FTSL % Rank | |
|---|---|---|---|---|
| Corporate | 87.76% | 0.00% | 100.00% | 79.33% |
| Cash & Equivalents | 12.24% | 0.00% | 49.22% | 9.12% |
| Derivative | 0.00% | 0.00% | 9.59% | 45.29% |
| Securitized | 0.00% | 0.00% | 97.17% | 65.96% |
| Municipal | 0.00% | 0.00% | 0.66% | 37.39% |
| Government | 0.00% | 0.00% | 5.94% | 39.21% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FTSL % Rank | |
|---|---|---|---|---|
| US | 81.76% | 2.21% | 128.54% | 33.64% |
| Non US | 6.93% | 0.00% | 122.86% | 83.03% |
FTSL - Expenses
Operational Fees
| FTSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.03% | 7.50% | 66.77% |
| Management Fee | 0.85% | 0.00% | 2.40% | 85.37% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.56% |
| Administrative Fee | N/A | 0.03% | 0.40% | N/A |
Sales Fees
| FTSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 3.00% | N/A |
Trading Fees
| FTSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FTSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 76.00% | 8.00% | 215.00% | 68.82% |
FTSL - Distributions
Dividend Yield Analysis
| FTSL | Category Low | Category High | FTSL % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.19% | 0.00% | 5.29% | 36.23% |
Dividend Distribution Analysis
| FTSL | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FTSL | Category Low | Category High | FTSL % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.63% | 1.77% | 10.93% | 68.88% |
Capital Gain Distribution Analysis
| FTSL | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.112 |
| Aug 31, 2020 | $0.120 |
| Jul 31, 2020 | $0.130 |
| Jun 30, 2020 | $0.135 |
| May 29, 2020 | $0.145 |
| Apr 30, 2020 | $0.150 |
| Mar 31, 2020 | $0.154 |
| Feb 28, 2020 | $0.154 |
| Jan 31, 2020 | $0.150 |
| Dec 31, 2019 | $0.155 |
| Nov 29, 2019 | $0.165 |
| Oct 31, 2019 | $0.170 |
| Sep 30, 2019 | $0.175 |
| Aug 30, 2019 | $0.184 |
| Jul 31, 2019 | $0.183 |
| Jun 28, 2019 | $0.175 |
| May 31, 2019 | $0.180 |
| Apr 30, 2019 | $0.185 |
| Mar 29, 2019 | $0.193 |
| Feb 28, 2019 | $0.183 |
| Jan 31, 2019 | $0.183 |
| Dec 31, 2018 | $0.185 |
| Nov 30, 2018 | $0.170 |
| Oct 31, 2018 | $0.170 |
| Sep 28, 2018 | $0.170 |
| Aug 31, 2018 | $0.170 |
| Jul 31, 2018 | $0.170 |
| Jun 29, 2018 | $0.170 |
| May 31, 2018 | $0.160 |
| Apr 30, 2018 | $0.153 |
| Mar 29, 2018 | $0.145 |
| Feb 28, 2018 | $0.145 |
| Jan 31, 2018 | $0.145 |
| Dec 29, 2017 | $0.205 |
| Nov 30, 2017 | $0.145 |
| Oct 31, 2017 | $0.140 |
| Sep 29, 2017 | $0.140 |
| Aug 31, 2017 | $0.140 |
| Jul 31, 2017 | $0.140 |
| Jun 30, 2017 | $0.140 |
| May 31, 2017 | $0.140 |
| Apr 28, 2017 | $0.140 |
| Mar 31, 2017 | $0.140 |
| Feb 28, 2017 | $0.140 |
| Jan 31, 2017 | $0.140 |
| Dec 30, 2016 | $0.145 |
| Nov 30, 2016 | $0.150 |
| Oct 31, 2016 | $0.150 |
| Sep 30, 2016 | $0.150 |
| Aug 31, 2016 | $0.150 |
| Jul 29, 2016 | $0.150 |
| Jun 30, 2016 | $0.150 |
| May 31, 2016 | $0.150 |
| Apr 29, 2016 | $0.150 |
| Mar 31, 2016 | $0.150 |
| Feb 29, 2016 | $0.150 |
| Jan 29, 2016 | $0.150 |
| Dec 31, 2015 | $0.160 |
| Nov 30, 2015 | $0.160 |
| Oct 30, 2015 | $0.160 |
| Sep 30, 2015 | $0.160 |
| Aug 31, 2015 | $0.155 |
| Jul 31, 2015 | $0.155 |
| Jun 30, 2015 | $0.150 |
| May 29, 2015 | $0.150 |
| Apr 30, 2015 | $0.150 |
| Mar 31, 2015 | $0.150 |
| Feb 27, 2015 | $0.150 |
| Jan 30, 2015 | $0.150 |
| Dec 31, 2014 | $0.150 |
| Nov 28, 2014 | $0.150 |
| Oct 31, 2014 | $0.145 |
| Sep 30, 2014 | $0.145 |
| Aug 29, 2014 | $0.145 |
| Jul 31, 2014 | $0.145 |
| Jun 30, 2014 | $0.145 |
| May 30, 2014 | $0.145 |
| Apr 30, 2014 | $0.145 |
| Mar 31, 2014 | $0.145 |
| Feb 28, 2014 | $0.145 |
| Jan 31, 2014 | $0.155 |
| Dec 31, 2013 | $0.155 |
| Nov 29, 2013 | $0.155 |
| Oct 31, 2013 | $0.155 |
| Sep 30, 2013 | $0.160 |
| Aug 30, 2013 | $0.165 |
| Jul 31, 2013 | $0.173 |
| Jun 28, 2013 | $0.173 |
| May 31, 2013 | $0.173 |
FTSL - Fund Manager Analysis
Managers
William Housey
Start Date
Tenure
Tenure Rank
May 01, 2013
8.42
8.4%
William A. Housey, CFA, was born in 1973. Mr. Housey earned a B.S. in Finance from Eastern Illinois University and an M.B.A. in Finance and Management & Strategy from Northwestern University’s Kellogg School of Business. Mr. Housey joined First Trust Advisors L.P. in 2010 as Senior Portfolio Manager for the Leveraged Finance Investment Team and has over 22 years of investment experience having held various positions in portfolio management and research. Mr. Housey is responsible for managing fixed-income portfolios, principally focusing on below investment-grade credit.
Jeffrey Scott
Start Date
Tenure
Tenure Rank
Mar 02, 2020
1.58
1.6%
Jeffrey Scott, CFA, Senior Vice President, Deputy Credit Officer, Portfolio Manager of the First Trust Portfolios L.P. Mr. Scott is Deputy Credit Officer for the Leveraged Finance Investment Team. He has extensive experience in credit analysis, product development, and product management. Prior to joining First Trust, Mr. Scott served as an Assistant Portfolio Manager and as a Senior Credit Analyst for Morgan Stanley/Van Kampen from October 2008 to June 2010. As Assistant Portfolio Manager, his responsibilities included assisting with portfolio construction, buy and sell decision making, and monitoring fund liquidity and leverage. Scott joined the Van Kampen Asset Management in 2005. He has approximately 18 years of investment industry experience. Prior to joining the Adviser, he was employed by State Farm Insurance Companies where he served as an Assistant Vice President in the Mutual Fund Group responsible for product development and strategy as well as a Regional Vice President for Sales for the Financial Services Division. Mr. Scott earned a B.S. in Finance and Economics from Elmhurst College and an M.B.A. with specialization in Analytical Finance and Econometrics and Statistics from the University of Chicago. He also holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 22.93 | 6.0 | 2.59 |
