First Trust Senior Loan ETF CAD Hedged Trust UnitsFirst Trust Senior Loan ETF CAD Hedged Trust UnitsFirst Trust Senior Loan ETF CAD Hedged Trust Units

First Trust Senior Loan ETF CAD Hedged Trust Units

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Key stats


Assets under management (AUM)
‪59.76 M‬CAD
Fund flows (1Y)
‪3.29 M‬CAD
Dividend yield (indicated)
7.05%
Discount/Premium to NAV
−0.06%
Shares outstanding
‪3.60 M‬
Expense ratio
1.02%

About First Trust Senior Loan ETF CAD Hedged Trust Units


Issuer
AJM Ventures LLC
Brand
First Trust
Home page
Inception date
Apr 28, 2013
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
FT Portfolios Canada Co.
ISIN
CA33739J1075
The fund is an actively managed fund-of-fund that holds the First Trust Senior Loan Fund (ETF ticker: FTSL). This ETF invests in 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 underlying funds investment advisor combines a fundamental credit selection process with relative value analysis and top-down macroeconomic perspectives when selecting investment opportunities. FSL will generally hedge all of its USD exposure back to the Canadian dollar.

Broaden your horizons with more funds linked to FSL via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
High yield
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FSL trades at 16.61 CAD today, its price has risen 0.09% in the past 24 hours. Track more dynamics on FSL price chart.
FSL net asset value is 16.61 today — it's risen 0.28% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FSL assets under management is ‪59.76 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FSL price has fallen by −0.27% over the last month, and its yearly performance shows a −1.92% decrease. See more dynamics on FSL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.37% increase in three-month performance and has increased by 5.70% in a year.
FSL fund flows account for ‪3.29 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FSL invests in funds. See more details in our Analysis section.
FSL expense ratio is 1.02%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FSL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FSL technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FSL shows the sell signal. See more of FSL technicals for a more comprehensive analysis.
Yes, FSL pays dividends to its holders with the dividend yield of 7.05%.
FSL trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FSL shares are issued by AJM Ventures LLC
FSL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 28, 2013.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.