Highland iBoxx Senior Loan (SNLN): Rationale: Strong performance in rising rate environment, lower management fees. One negative is the comparative lower ETF liquidity to SRLN
First Trust Senior Loan (FTSL) (Active) – Rationale: Management fees are higher and yields lower relative to the top performers. This actively managed ETF has outperformed the largest Senior Loan ETF symbol BKLN
Invesco Senior Loan Portfolio (BKLN) – Rationale: relative high liquidity is a plus that is outweighed by sluggish market performance and lower yield relative to the other three ETFs. Falling assets under management is worrisome
Author’s note: Evidence for or against active or passive investing in over the counter and less liquid asset classes can be highlighted here. Time will tell!
Senior Loan (Bank Loan) ETFs (Over $500 million in Assets)
Assets Under Management. Data as of 10/5/2018 or as otherwise stated.
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