FTSL: In Case The Fed Keeps Rates Here

Floating rate bank loans, like those in the First Trust Senior Loan Fund (FTSL), are attractive in a high-interest-rate environment due to their high yield and risk/return profile. FTSL is actively managed, allowing it to capitalize on market mispricings and adapt to changing conditions better than passive funds. The fund is well-diversified with 222 positions, a 30-Day SEC Yield of 7.76%, and a weighted effective duration of 0.58 years.

Seeking Alpha • Oct 20, 2024

FTSL: Senior Loan ETF, Good Dividend Yield, Below-Average Performance, And High Expense Ratio

FTSL is a simple senior loan ETF, with an above-average 7.7% dividend yield. Senior loans were one of the best-performing income investments of 2022 and 2023, with FTSL outperforming most of its peers. Outperformance has diminished these past few months. Fed hikes and narrow credit spreads could pressure senior loans and FTSL further.

Seeking Alpha • Oct 12, 2024

FTSL: When A Hold Is A Hold

The First Trust Senior Loan Fund ETF is used as a prime example of a "Hold" investment, emphasizing its stable dividend yield and low volatility. The thesis discusses potential downside risks, such as rising default rates and interest rate hikes, and outlines scenarios that could lead to a "Sell" rating. The article clarifies the distinction between "Hold" and "Sell" ratings in investment analysis, focusing on dividend-paying securities with limited upside potential.

Seeking Alpha • Oct 1, 2024

MSIM's Active Senior Loan ETF Beats Competitors on Cost

Morgan Stanley Investment Management's active senior loan ETF is a compelling offering in the current environment. Investors have increasingly looked to senior loan ETFs in recent history instead of high yield bonds.

ETF Trends • Mar 7, 2024

FTSL: Not A Good Entry Point, But An Attractive Hold (Rating Downgrade)

First Trust Senior Loan Fund ETF is an exchange-traded fund that invests in leveraged loans. Despite rising interest rates, leveraged loans have delivered robust returns in the past year due to their floating-rate nature. The fund has gained over 6.5% since our last rating, with low volatility, and currently offers a 30-day SEC yield in excess of 8%.

Seeking Alpha • Mar 5, 2024

Eaton Vance Loans Expertise to the ETF Market

When the Exchange conference starts on Monday, advisors will have a new active floating rate bond ETF to learn about. It's one that's backed by a firm with a rich heritage in the investment style.

ETF Trends • Feb 8, 2024

5 Bank Loan ETFs to Capitalize on Higher Rates

Amid the prospect of higher interest rates for a longer-than-expected period, investors are flocking to bank loan ETFs.

Zacks Investment Research • Oct 5, 2023

FTSL: Senior Loan ETF With Growing 7.0% Dividend Yield, Low Rate Risk

FTSL focuses on senior loans, offers a 7.0% dividend yield, and has low interest rate risk. The fund has above-average credit risk and an expense ratio of 0.86%. There are other senior loan ETFs with lower expense ratios and higher dividend yields, making FTSL a less attractive investment opportunity.

Seeking Alpha • Sep 21, 2023

An Introduction to Senior Loan ETFs

Senior loan ETFs can offer protection against rising interest rates.

Zacks Investment Research • Sep 15, 2023

Invesco's Bank Loan ETF Offers High Yield, Outpaces Active Peers

Investing in a bank loan ETF can offer a compelling yield while helping maintain defensive portfolio positioning. In the current environment, investors who want to generate as much yield as possible might look to bank loans instead of high yield bonds.

ETF Trends • Sep 13, 2023