16.59
-0.01(-0.06%)
Currency In CAD
Address
Canada
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
August 28, 2013
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.