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ETFs

First Trust Exchange-Traded Fund IV First Trust Senior Loan Fund ETF

FTSL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 02 2013
Expense Ratio
0.86%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$21,930,508
AUM
$2,465,329,090
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
7.50%
n/a
VERSCEND HOLDING CORP VCVHHO TL B 1L USD - LX192759
3.63%
n/a
PG&E CORP PCG TL B 1L USD - LX188801
2.95%
n/a
1011778 BC ULC BCULC TL B 1L USD - LX183929
2.79%
n/a
ZELIS PAYMENTS BUYER INC STRATO TL B 1L USD - LX192354
2.65%
n/a
SS&C TECHNOLOGIES INC SSNC TL B5 1L USD - LX175547
2.15%
CHTR4445834
CCO HLDGS LLC/CAP CORP 5.125% due 05/01/2027
2.14%
n/a
SBA SENIOR FINANCE II LLC SBAC TL B 1L USD - LX172653
2.05%
n/a
IQVIA INC IQV TL B 1L USD - LX173964
1.91%
n/a
CAMELOT FINANCE SA CCC TL B 1L USD - LX190007
1.87%
Invest with FTSL

What is FTSL?

The First Trust Senior Loan Fund is an actively managed exchange-traded fund (ETF) that seeks to capitalize on the relatively attractive yield within the senior loan market while seeking to mitigate interest rate risk.

ETFs related toFTSL

ETFs correlated to FTSL include SRLN, BKLN, RDVI

FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
YYY
Amplify ETF Trust - Amplify High Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFTSL

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

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Risk Rating

Moderate

Create your own algorithmic trading strategy with FTSL using Composer

FAQ

FTSL is a US Bonds ETF. The First Trust Senior Loan Fund is an actively managed exchange-traded fund (ETF) that seeks to capitalize on the relatively attractive yield within the senior loan market while seeking to mitigate interest rate risk.

Yes, FTSL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FTSL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FTSL is -0.0058%. This is the percent change in the value of FTSL over the most recent 1-month period. The 3-month return on FTSL is 0.0246%. This is the percent change in the value of FTSL over the most recent 3-month period.

The standard deviation of FTSL for the past year is 0.0581%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FTSL include JNK, IGIB, and VCSH.

ETFs correlated to FTSL include SRLN, BKLN, and RDVI.

ETFs that are inversely correlated to FTSL include RWM, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.