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Trending ETFs

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

Compare SNLN to Popular Bank Loan Funds

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%

Compare SNLN to Popular Bank Loan ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.11

-0.09%

$5.88 B

3.33%

$0.74

blocked
blocked
blocked

-0.72%

0.65%

$45.85

-0.11%

$3.88 B

4.71%

$2.16

blocked
blocked
blocked

0.42%

0.70%

$47.90

-0.04%

$1.77 B

3.26%

$1.56

blocked
blocked
blocked

0.76%

0.85%

$50.52

-0.04%

$121.04 M

0.57%

$0.29

blocked
blocked
blocked

0.46%

0.25%

$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%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Highland/iBoxx Senior Loan ETF
  • Fund Family Name
    Highland Funds
  • Inception Date
    Nov 06, 2012
  • Shares Outstanding
    2700040
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matt 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

  1. Radiate Holdco Llc 2.90%
  2. Radiate Holdco Llc 2.90%
  3. Radiate Holdco Llc 2.90%
  4. Radiate Holdco Llc 2.90%
  5. Radiate Holdco Llc 2.90%
  6. Radiate Holdco Llc 2.90%
  7. Radiate Holdco Llc 2.90%
  8. Radiate Holdco Llc 2.90%
  9. Radiate Holdco Llc 2.90%
  10. 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

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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