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ETFs

Highland/iBoxx Senior Loan ETF

SNLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 06 2012
Expense Ratio
0.56%
Type
US Bonds
Fund Owner
Highland Funds
Volume (1m avg. daily)
$146,895
AUM
$24,753,479
Associated Index
Markit iBoxx USD Liquid Leveraged Loan Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

261908107
DREYFUS TREAS PRIME 521
25.82%
n/a
MOZART DEBT MERGER,8.404,10/23/28
10.90%
n/a
AMERICAN AIRLINES, INC.,10,04/20/28
10.83%
n/a
PRIME SECURITY SERVICES,7.943,09/23/26
10.66%
n/a
CHARTER COMM OP 10/19 TL,6.795,02/01/27
10.58%
n/a
GRIFOLS WORLDWID TL 1L B,7.364,11/15/27
10.48%
n/a
ELECTRON BIDCO INC,8.268,11/01/28
9.78%
n/a
PAREXEL INTERNATIONAL,8.404,11/15/28
5.14%
n/a
OPEN TEXT CORPORATION,8.753,01/31/30
5.05%
n/a
NORTONLIFELOCK INC.,7.253,01/28/29
5.00%
Invest with SNLN

What is SNLN?

The Highland/iBoxx Senior Loan ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx Liquid Leveraged Loan Index.

ETFs related toSNLN

ETFs correlated to SNLN include LONZ, FLBL, BKLN

SNLN
Highland Capital Management Fund Advisors L.P - Highland/iBoxx Senior Loan ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
FLBL
Franklin Templeton ETF Trust - Franklin Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
DBEF
DBX ETF Trust - Xtrackers MSCI EAFE Hedged Equity ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond 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 toSNLN

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SNLN using Composer

FAQ

SNLN is a US Bonds ETF. The Highland/iBoxx Senior Loan ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx Liquid Leveraged Loan Index.

SNLN tracks the Markit iBoxx USD Liquid Leveraged Loan Index.

No, SNLN is not actively managed. It is passively 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.

Yes, SNLN is passively 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 SNLN is 0.0075%. This is the percent change in the value of SNLN over the most recent 1-month period. The 3-month return on SNLN is 0.0043%. This is the percent change in the value of SNLN over the most recent 3-month period.

The standard deviation of SNLN for the past year is 0.0609%. 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 SNLN include IGSB, VCSH, and HYG.

ETFs correlated to SNLN include LONZ, FLBL, and BKLN.

ETFs that are inversely correlated to SNLN include TWM, RWM, and SBB.

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.