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Trending ETFs

First Trust Senior Loan Fund

etf
FTSL
Dividend policy
Decrease
Price as of:
$48.25 +0.2 +0%
primary theme
Bank Loan
FTSL (ETF)

First Trust Senior Loan Fund

Dividend policy
Decrease
Price as of:
$48.25 +0.2 +0%
primary theme
Bank Loan
FTSL (ETF)
First Trust Senior Loan Fund
Dividend policy
Decrease
Price as of:
$48.25 +0.2 +0%
primary theme
Bank Loan

FTSL - Snapshot

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $1.32 B
  • Holdings in Top 10 25.7%

52 WEEK LOW AND HIGH

$48.05
$37.00
$48.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Bank Loan
  • Fund Type Exchange Traded Fund
  • Investment Style Bank Loan

Compare FTSL to Popular Bank Loan Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$9.36

0.00%

$6.74 B

3.76%

$0.35

blocked
blocked
blocked

1.08%

-

$8.40

+0.12%

$5.58 B

4.58%

$0.38

blocked
blocked
blocked

1.20%

-

$10.56

0.00%

$5.39 B

4.29%

$0.45

blocked
blocked
blocked

1.34%

-

$8.82

+0.11%

$5.16 B

3.59%

$0.32

blocked
blocked
blocked

1.15%

-

$6.90

0.00%

$3.60 B

4.77%

$0.33

blocked
blocked
blocked

1.32%

-

Compare FTSL to Popular Bank Loan ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.42

-0.09%

$4.82 B

3.53%

$0.79

blocked
blocked
blocked

0.45%

-

$46.16

+0.13%

$2.22 B

4.86%

$2.24

blocked
blocked
blocked

0.92%

-

$48.25

+0.42%

$1.32 B

3.45%

$1.66

blocked
blocked
blocked

0.84%

-

$50.43

+0.02%

$120.67 M

0.26%

$0.13

blocked
blocked
blocked

0.42%

-

$16.17

0.00%

$52.88 M

3.18%

$0.51

blocked
blocked
blocked

1.06%

-

FTSL - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Senior Loan Fund
  • Fund Family Name
    First Trust
  • Inception Date
    May 01, 2013
  • Shares Outstanding
    27800002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William 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% -0.3% 2.5% 88.08%
1 Yr 2.6% -8.8% 8.2% 19.87%
3 Yr 3.7%* -1.8% 5.6% 14.44%
5 Yr 4.2%* 1.7% 8.6% 50.00%
10 Yr N/A* 1.7% 6.6% 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% 8.68%
2019 5.3% -4.9% 7.5% 1.79%
2018 -5.2% -9.7% 5.5% 72.83%
2017 -1.1% -4.2% 3.7% 80.91%
2016 3.6% -65.0% 12.9% 74.01%

Total Return Ranking - Trailing

Period FTSL Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -0.3% 2.5% 19.54%
1 Yr 2.6% -9.8% 8.2% 15.49%
3 Yr 3.7%* -2.6% 5.6% 12.68%
5 Yr 4.2%* 1.6% 8.6% 44.74%
10 Yr N/A* 1.7% 6.6% 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% 8.68%
2019 5.3% -4.9% 7.5% 1.79%
2018 -5.2% -9.7% 5.5% 81.13%
2017 -1.1% -4.2% 7.2% 82.99%
2016 3.6% -65.0% 12.9% 80.62%

FTSL - Holdings

Concentration Analysis

FTSL Category Low Category High FTSL % Rank
Net Assets 1.32 B 6.19 M 6.74 B 27.27%
Number of Holdings 177 13 1202 82.78%
Net Assets in Top 10 350 M -149 M 1.24 B 19.54%
Weighting of Top 10 25.68% 5.8% 91.3% 10.63%

Top 10 Holdings

  1. Morgan Stanley Instl Lqudty Trs Instl 6.90%
  2. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  3. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  4. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  5. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  6. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  7. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  8. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  9. Hub International Ltd Hbgcn Tl 04/25/25 2.78%
  10. Hub International Ltd Hbgcn Tl 04/25/25 2.78%

Asset Allocation

Weighting Return Low Return High FTSL % Rank
Bonds
91.89% 26.84% 146.33% 75.17%
Cash
6.99% -3.64% 55.70% 26.16%
Other
1.09% -51.44% 10.21% 4.64%
Stocks
0.03% 0.00% 8.10% 75.50%
Preferred Stocks
0.00% 0.00% 22.09% 58.61%
Convertible Bonds
0.00% 0.00% 1.92% 72.52%

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% 32.44% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 100.00% 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% 99.68% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 29.26% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FTSL % Rank
US
0.03% 0.00% 8.26% 74.17%
Non US
0.00% -0.16% 3.40% 53.97%

Bond Sector Breakdown

Weighting Return Low Return High FTSL % Rank
Corporate
92.93% 0.00% 100.00% 55.48%
Cash & Equivalents
7.07% 0.00% 69.25% 30.23%
Derivative
0.00% 0.00% 7.14% 43.85%
Securitized
0.00% 0.00% 100.00% 67.11%
Municipal
0.00% 0.00% 2.40% 43.85%
Government
0.00% 0.00% 0.48% 44.85%

Bond Geographic Breakdown

Weighting Return Low Return High FTSL % Rank
US
85.26% 6.47% 136.43% 24.17%
Non US
6.63% 0.00% 91.71% 82.78%

FTSL - Expenses

Operational Fees

FTSL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 27.10% 76.27%
Management Fee 0.85% 0.00% 1.73% 86.14%
12b-1 Fee 0.00% 0.00% 1.00% 8.67%
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 1.00% 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% 0.00% 412.00% 81.23%

FTSL - Distributions

Dividend Yield Analysis

FTSL Category Low Category High FTSL % Rank
Dividend Yield 2.60% 0.00% 5.56% 4.58%

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% 1.29% 9.15% 87.12%

Capital Gain Distribution Analysis

FTSL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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FTSL - Fund Manager Analysis

Managers

William Housey


Start Date

Tenure

Tenure Rank

May 01, 2013

7.67

7.7%

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.

Orlando Purpura


Start Date

Tenure

Tenure Rank

Dec 31, 2016

4.0

4.0%

Orlando Purpura, CFA, joined First Trust Advisors in May 2013 as Chief Credit Officer of the Leveraged Finance Investment Team. Prior to joining FTA, Mr. Purpura was at Allstate Investments LLC where he served as Portfolio Manager in the Equity Special Situations Group that invested in the public equity of companies in various stages of distress. Additionally, he also was a Portfolio Manager in the Private Placement Group where he completed corporate restructurings and workouts for troubled credits held in the investment portfolio. Prior to Allstate Investments, Mr. Purpura was a founding partner at Tall Tree Investment Management LLC, an institutional money manager that focuses on Senior Secured Bank Loans in structured finance vehicles. Before moving to Tall Tree, Mr. Purpura was a Senior Distressed Debt Analyst and Workout Specialist at Van Kampen Investments where he specialized in leading the credit oversight and trading strategy for workouts and restructurings across various industries. In the early 1990s, Mr. Purpura began his credit career at Sanwa Business Credit Corporation, a company that specialized in below investment grade non-traditional lending and leasing. Mr. Purpura received a B.S. in Finance from Elmhurst College and an M.B.A. in Finance from DePaul University. Mr. Purpura holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. He also holds the Chartered Market Technician designation and is a member of the Market Technicians Association, Chicago Chapter.

Jeffrey Scott


Start Date

Tenure

Tenure Rank

Mar 02, 2020

0.83

0.8%

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
0.15 25.69 5.64 1.84