Description: The investment seeks to provide high current income. Under normal market conditions, the fund seeks to outperform each of the Primary Index and Secondary Index by investing at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in first lien senior floating rate bank loans ("Senior Loans"). It may also invest up to 20% of its net assets in (1) non-Senior Loan debt securities, which may be fixed-rate or floating rate income producing securities (2) warrants and equity securities issued by a borrower or its affiliates and (3) securities of other investment companies. The fund is non-diversified.
Home Page: www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FTSL
FTSL Technical AnalysisExchange: NASDAQ
Country: US : United States of America
Currency: US Dollar ($)
Category: Bank Loan
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Bond | 91.16 | 0.00 | 91.16 |
| Cash | 8.78 | 0.00 | 8.78 |
| Other | 0.05 | 0.00 | 0.05 |
| Stock non-US | 0.00 | 0.00 | 0.00 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Asia Emerging | 0.00 | 2.64 |
| Latin America | 0.00 | 1.61 |
| North America | 0.00 | 93.95 |
| United Kingdom | 0.00 | 1.80 |