Under normal market conditions, the fund invests at least 80% of its net assets in first and second lien senior floating rate bank loans (collectively, "Senior Loans"). Senior loans represent debt obligations of sub-investment grade corporate borrowers, similar to high yield bonds; however, senior loans are different from traditional high yield bonds in that senior loans are typically senior to other obligations of the borrower and generally secured by a lien on all or some portion of the assets of the borrower.
Frequently asked questions
What is the First Trust Senior Loan Fund (FTSL) expense ratio?
The First Trust Senior Loan Fund funds expense ratio is 0.87%.
What is First Trust Senior Loan Fund (FTSL) current stock price?
As of the latest data, First Trust Senior Loan Fund stock price is $44.97, with a previous close of $44.93. First Trust Senior Loan Fund gained $0.04 in the last trading session, representing a 0.08% increase.
Does First Trust Senior Loan Fund (FTSL) pay dividends?
Yes. First Trust Senior Loan Fund pays monthly dividends with an annualized yield of 6.3% and an estimated annual payout of $2.84 per share.