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Sector Rating
Recommendation *
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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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Highland/iBoxx Senior Loan ETF
etf
SNLN
Dividend policy
Increase
Price as of:
$16.11
-0.03
0%
primary theme
Bank Loan
SNLN (ETF)
Highland/iBoxx Senior Loan ETF
Dividend policy
Increase
Price as of:
$16.11
-0.03
0%
primary theme
Bank Loan
SNLN (ETF)
Highland/iBoxx Senior Loan ETF
Dividend policy
Increase
Price as of:
$16.11
-0.03
0%
primary theme
Bank Loan
SNLN - Snapshot
Vitals
- YTD Return 0.7%
- 3 Yr Annualized Return -0.2%
- 5 Yr Annualized Return 1.8%
- Net Assets $43.5 M
- Holdings in Top 10 31.5%
52 WEEK LOW AND HIGH
$16.14
$15.49
$16.24
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.12%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 344.00%
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
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$9.39
-0.11%
$7.76 B
3.41%
$0.32
blocked
blocked
blocked
1.40%
0.73%
$10.52
-0.10%
$6.34 B
4.12%
$0.43
blocked
blocked
blocked
0.96%
1.35%
$8.77
-0.11%
$6.16 B
3.41%
$0.30
blocked
blocked
blocked
0.57%
0.82%
$8.37
-0.12%
$6.01 B
4.26%
$0.36
blocked
blocked
blocked
0.84%
0.60%
$9.75
-0.10%
$4.13 B
4.05%
$0.40
blocked
blocked
blocked
0.62%
0.58%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Invesco Senior Loan ETF
BKLN | ETF
$22.11
-0.09%
$5.88 B
3.33%
$0.74
blocked
blocked
blocked
-0.72%
0.65%
SPDR Blackstone Senior Loan ETF
SRLN | ETF
$45.85
-0.11%
$3.88 B
4.71%
$2.16
blocked
blocked
blocked
0.42%
0.70%
First Trust Senior Loan Fund
FTSL | ETF
$47.90
-0.04%
$1.77 B
3.26%
$1.56
blocked
blocked
blocked
0.76%
0.85%
Janus Henderson AAA CLO ETF
JAAA | ETF
$50.52
-0.04%
$121.04 M
0.57%
$0.29
blocked
blocked
blocked
0.46%
0.25%
Highland/iBoxx Senior Loan ETF
SNLN | ETF
$16.11
-0.19%
$43.52 M
2.50%
$0.40
blocked
blocked
blocked
0.75%
1.12%
SNLN - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.13%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHighland/iBoxx Senior Loan ETF
-
Fund Family NameHighland Funds
-
Inception DateNov 06, 2012
-
Shares Outstanding2700040
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatt Pearson
Fund Description
The fund will, under normal circumstances, invest at least 80% of its assets (the "80% basket") in component securities of the underlying index. The underlying index is a subset of the Markit iBoxx USD Leveraged Loan Index. "Leveraged Loans" are loans to companies that typically already have a high amount of debt and are often characterized by lower credit ratings or higher interest rates. It is non-diversified.
SNLN - Performance
Return Ranking - Trailing
| Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -1.3% | 8.1% | 63.91% |
| 1 Yr | 7.0% | 4.2% | 86.9% | 99.34% |
| 3 Yr | -0.2%* | -1.4% | 5.8% | 94.08% |
| 5 Yr | 1.8%* | 1.8% | 9.0% | 100.00% |
| 10 Yr | N/A* | 1.6% | 6.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -8.7% | -16.5% | 289.8% | 92.01% |
| 2019 | 2.1% | -8.1% | 7.5% | 62.72% |
| 2018 | -5.6% | -12.2% | 5.5% | 79.70% |
| 2017 | -3.0% | -4.2% | 3.7% | 99.17% |
| 2016 | 3.9% | -65.0% | 12.9% | 63.88% |
Total Return Ranking - Trailing
| Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.6% | -1.3% | 8.1% | 77.15% |
| 1 Yr | 7.0% | 1.1% | 86.9% | 99.01% |
| 3 Yr | -0.2%* | -1.8% | 5.8% | 93.38% |
| 5 Yr | 1.8%* | 1.8% | 9.0% | 100.00% |
| 10 Yr | N/A* | 1.6% | 6.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -8.7% | -16.5% | 289.8% | 92.01% |
| 2019 | 2.1% | -8.1% | 7.5% | 65.23% |
| 2018 | -5.6% | -12.2% | 5.5% | 84.96% |
| 2017 | -3.0% | -4.2% | 7.2% | 99.17% |
| 2016 | 3.9% | -65.0% | 12.9% | 73.13% |
SNLN - Holdings
Concentration Analysis
| SNLN | Category Low | Category High | SNLN % Rank | |
|---|---|---|---|---|
| Net Assets | 43.5 M | 6.18 M | 7.76 B | 96.17% |
| Number of Holdings | 74 | 13 | 1246 | 94.75% |
| Net Assets in Top 10 | 13.8 M | -161 M | 1.49 B | 89.18% |
| Weighting of Top 10 | 31.46% | 6.2% | 91.8% | 7.24% |
Top 10 Holdings
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
- Radiate Holdco Llc 2.90%
Asset Allocation
| Weighting | Return Low | Return High | SNLN % Rank | |
|---|---|---|---|---|
| Bonds | 90.00% | 30.80% | 146.63% | 73.11% |
| Cash | 10.00% | -17.24% | 55.70% | 26.23% |
| Stocks | 0.00% | 0.00% | 7.86% | 89.51% |
| Preferred Stocks | 0.00% | 0.00% | 24.21% | 60.00% |
| Other | 0.00% | -51.39% | 11.86% | 70.49% |
| Convertible Bonds | 0.00% | 0.00% | 5.44% | 69.84% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SNLN % Rank | |
|---|---|---|---|---|
| Corporate | 87.20% | 0.00% | 100.00% | 74.67% |
| Cash & Equivalents | 10.00% | 0.00% | 68.78% | 30.59% |
| Securitized | 2.80% | 0.00% | 100.00% | 18.75% |
| Derivative | 0.00% | 0.00% | 6.30% | 43.09% |
| Municipal | 0.00% | 0.00% | 0.61% | 42.76% |
| Government | 0.00% | 0.00% | 1.41% | 47.70% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SNLN % Rank | |
|---|---|---|---|---|
| US | 86.03% | 5.51% | 146.63% | 23.61% |
| Non US | 3.97% | 0.00% | 92.60% | 87.54% |
SNLN - Expenses
Operational Fees
| SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.12% | 0.01% | 27.10% | 54.55% |
| Management Fee | 0.45% | 0.00% | 1.73% | 5.26% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.40% | N/A |
Sales Fees
| SNLN 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
| SNLN 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.
| SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 344.00% | 0.00% | 412.00% | 98.97% |
SNLN - Distributions
Dividend Yield Analysis
| SNLN | Category Low | Category High | SNLN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.40% | 0.00% | 4.17% | 6.49% |
Dividend Distribution Analysis
| SNLN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| SNLN | Category Low | Category High | SNLN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.13% | 1.29% | 10.93% | 66.44% |
Capital Gain Distribution Analysis
| SNLN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.038 |
| Aug 31, 2020 | $0.025 |
| Jul 31, 2020 | $0.040 |
| Jun 30, 2020 | $0.038 |
| May 29, 2020 | $0.045 |
| Apr 30, 2020 | $0.040 |
| Mar 31, 2020 | $0.068 |
| Feb 28, 2020 | $0.062 |
| Jan 31, 2020 | $0.068 |
| Dec 31, 2019 | $0.059 |
| Nov 29, 2019 | $0.051 |
| Oct 31, 2019 | $0.050 |
| Sep 30, 2019 | $0.057 |
| Aug 30, 2019 | $0.083 |
| Jul 31, 2019 | $0.073 |
| Jun 28, 2019 | $0.070 |
| May 31, 2019 | $0.085 |
| Apr 30, 2019 | $0.081 |
| Mar 29, 2019 | $0.071 |
| Feb 28, 2019 | $0.072 |
| Jan 31, 2019 | $0.075 |
| Dec 31, 2018 | $0.093 |
| Nov 30, 2018 | $0.073 |
| Oct 31, 2018 | $0.071 |
| Sep 28, 2018 | $0.068 |
| Aug 31, 2018 | $0.068 |
| Jul 31, 2018 | $0.066 |
| Jun 29, 2018 | $0.078 |
| May 31, 2018 | $0.075 |
| Apr 30, 2018 | $0.070 |
| Mar 29, 2018 | $0.070 |
| Feb 28, 2018 | $0.067 |
| Jan 31, 2018 | $0.065 |
| Dec 29, 2017 | $0.069 |
| Nov 30, 2017 | $0.078 |
| Oct 31, 2017 | $0.069 |
| Sep 29, 2017 | $0.066 |
| Aug 31, 2017 | $0.067 |
| Jul 31, 2017 | $0.069 |
| Jun 30, 2017 | $0.077 |
| May 31, 2017 | $0.077 |
| Apr 28, 2017 | $0.074 |
| Mar 31, 2017 | $0.078 |
| Feb 28, 2017 | $0.068 |
| Jan 31, 2017 | $0.073 |
| Dec 30, 2016 | $0.061 |
| Nov 30, 2016 | $0.065 |
| Oct 31, 2016 | $0.065 |
| Sep 30, 2016 | $0.074 |
| Aug 31, 2016 | $0.074 |
| Jul 29, 2016 | $0.072 |
| Jun 30, 2016 | $0.064 |
| May 31, 2016 | $0.071 |
| Apr 29, 2016 | $0.066 |
| Mar 31, 2016 | $0.068 |
| Feb 29, 2016 | $0.066 |
| Jan 29, 2016 | $0.071 |
| Dec 31, 2015 | $0.066 |
| Nov 30, 2015 | $0.068 |
| Oct 30, 2015 | $0.067 |
| Sep 30, 2015 | $0.069 |
| Aug 31, 2015 | $0.069 |
| Jul 31, 2015 | $0.063 |
| Jun 30, 2015 | $0.062 |
| May 29, 2015 | $0.063 |
| Apr 30, 2015 | $0.063 |
| Mar 31, 2015 | $0.063 |
| Feb 27, 2015 | $0.064 |
| Jan 30, 2015 | $0.071 |
| Dec 31, 2014 | $0.064 |
| Nov 28, 2014 | $0.063 |
| Oct 31, 2014 | $0.047 |
| Sep 30, 2014 | $0.054 |
| Aug 29, 2014 | $0.077 |
| Jul 31, 2014 | $0.073 |
| Jun 30, 2014 | $0.083 |
| May 30, 2014 | $0.070 |
| Apr 30, 2014 | $0.076 |
| Mar 31, 2014 | $0.078 |
| Feb 28, 2014 | $0.078 |
| Jan 31, 2014 | $0.084 |
| Dec 31, 2013 | $0.077 |
| Nov 29, 2013 | $0.075 |
| Oct 31, 2013 | $0.081 |
| Sep 30, 2013 | $0.078 |
| Aug 30, 2013 | $0.084 |
| Jul 31, 2013 | $0.081 |
| Jun 28, 2013 | $0.085 |
| May 31, 2013 | $0.090 |
| Apr 30, 2013 | $0.085 |
| Mar 28, 2013 | $0.081 |
| Feb 28, 2013 | $0.085 |
| Jan 31, 2013 | $0.099 |
| Dec 31, 2012 | $0.149 |
SNLN - Fund Manager Analysis
Managers
Matt Pearson
Start Date
Tenure
Tenure Rank
Jan 06, 2021
0.23
0.2%
Mr. Pearson is a Portfolio Manager and Equity Trader at Highland Capital Management Fund Advisors, L.P. Previously, he was an Assistant Trader and Senior Operations Analyst with Highland Capital Management, L.P. Prior to joining Highland in June 2012, he was a Junior Associate for Chapwood Investments. Mr. Pearson received a BS in Economics with Financial Applications from Southern Methodist University. Mr. Pearson is a holder of the right to use the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 22.43 | 5.66 | 2.08 |
