ETF Quote Details
|NAV (month end)||49.58|
|Premium (+)/Discount (-) (month end)||+0.01|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$1.75 (3.53%)|
|Issuer||FIRST TRUST ADVISORS|
The S&P/LSTA U.S. Leveraged Loan 100 Index is designed to reflect the largest facilities in the leveraged loan market. It mirrors the market-weighted performance of the largest institutional leveraged loans based upon market weightings, spreads, and interest payments.
The First Trust Senior Loan Fund is an actively managed exchange-traded fund that seeks to capitalize on the relatively attractive yield within the senior loan market while seeking to mitigate interest rate risk. The fund seeks to provide high current income by investing primarily in a diversified portfolio of first lien senior floating rate bank loans.