Symbols

FTSL

First Trust Senior Loan Fund·NASDAQ

--(--)

Key Stats

Assets Under Management

2.31BUSD

Fund Flows (1Y)

1.38MUSD

Dividend Yield

6.61%

Discount/Premium to NAV

-0.13%

Shares Outstanding

50.85M

Expense Ratio

0.86%

About First Trust Senior Loan Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FTSL

Inception Date

May 1, 2013

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FTSL offers actively managed exposure to 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 fund's investment advisor combines a fundamental credit selection process with relative value analysis and top-down macroeconomic perspectives when selecting investment opportunities. FTSL may also invest significantly in "covenant-lite” loans.