
Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
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
1.08%
-
$10.56
0.00%
$5.39 B
4.29%
$0.45
1.34%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
SRLN | ETF
$46.16
+0.13%
$2.22 B
4.86%
$2.24
0.92%
-
FTSL | ETF
$48.25
+0.42%
$1.32 B
3.45%
$1.66
0.84%
-
JAAA | ETF
$50.43
+0.02%
$120.67 M
0.26%
$0.13
0.42%
-
SNLN | ETF
$16.17
0.00%
$52.88 M
3.18%
$0.51
1.06%
-
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.
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
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% |
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
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 | 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% |
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% |
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 |
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% |
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% |
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 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 |
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 |
FTSL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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 | Category Low | Category High | FTSL % Rank | |
---|---|---|---|---|
Dividend Yield | 2.60% | 0.00% | 5.56% | 4.58% |
FTSL | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
FTSL | Category Low | Category High | FTSL % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.63% | 1.29% | 9.15% | 87.12% |
FTSL | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount |
---|---|
Sep 30, 2020 | $0.115 |
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 |
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 25.69 | 5.64 | 1.84 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...