Key stats
About FIRST TRUST SENIOR LOAN ETF CAD-HGD UNITS COMMON
Expense ratio
1.02%
Home page
Inception date
Apr 28, 2013
ISIN
CA33739J1075
The fund is an actively managed fund-of-fund that holds the First Trust Senior Loan Fund (ETF ticker: FTSL). This ETF invests in senior loans and similar securities primarily, but not exclusively, from North America. Fund documents show a typical profile for a senior loan fund: very low interest-rate risk (from floating-rate debt) and high credit risk (from a near-total allocation to below-investment-grade debt). The underlying funds investment advisor combines a fundamental credit selection process with relative value analysis and top-down macroeconomic perspectives when selecting investment opportunities. FSL will generally hedge all of its USD exposure back to the Canadian dollar.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.84%
Cash0.16%