Home

Exchange-Traded Funds

>

First Trust Senior Loan ETF (CAD-Hedged)

Fund Overview

  • Ticker:
    FSL
  • Fund Category:
    Floating Rate Loans
  • Portfolio Advisor:
    First Trust Advisors L.P.
  • Fund Manager:
    FT Portfolios Canada Co.
  • CUSIP:
    33739J107
  • ISIN:
    CA33739J1075
  • SEDOL:
    B986MB7
  • Currency:
    CAD
  • Fiscal Year-End:
    31-12
  • Exchange:
    Toronto Stock Exchange
  • Inception:
    2013-08-27
  • Inception Price:
    $19.91
  • Inception NAV:
    $19.91
  • Eligibility:
    RRSP, RRIF, RESP, TFSA, DPSP, RDSP

Fees and Expenses

  • Management Fee: 0.15%
  • MER: 1.02% as at 2023-12-31
The First Trust ETF's management fee will also bear the management fee of the underlying fund (i.e. First Trust Senior Loan Fund).
Please refer to the prospectus for detailed explanation of the fund's fees and expenses.

Distribution Information (as at 2024-11-29)

  • Dividend Frequency:
    Monthly
  • Dividend Per Share Amount:2
    $0.11000
  • Distribution Rate:3
    7.77%

Fund Characteristics (as at 2024-11-27)

  • Weighted Average Effective Duration:4
    0.60 Years
  • Weighted Average Maturity:
    4.96 Years
  • Weighted Avg. Price:
    $98.77
  • Weighted Avg. Coupon Rate:
    7.46%
  • Gross Weighted Avg. Yield To Maturity:5
    7.82%
  • Gross Yield to a 3-Year Life:
    7.79%
  • Avg. Days to Coupon Reset:6
    3.33 Days
  • 3-Month Term SOFR:7
    4.50%
  • Percent of Assets with Interest Rate Floors:
    38.07%

Investment Objective

First Trust Senior Loan ETF (CAD-Hedged) (the "First Trust ETF") seeks to provide unitholders with a high level of current income by investing primarily in a diversified portfolio of senior floating rate loans and debt securities, with capital appreciation as a secondary objective. The First Trust ETF will obtain exposure to a portfolio of senior floating rate loans which are generally rated at or below BB+ by Standard & Poor's, or Ba1 or less by Moody's Investor Services, Inc., or a similar rating by a designated rating organization (as defined in National Instrument 81-102 - Investment Funds) and debt securities by holding securities of First Trust Senior Loan Fund, a U.S. listed exchange-traded fund. The ETF will generally seek to hedge substantially all of its U.S. dollar currency exposure back to the Canadian dollar.

Current Data (as at 2024-11-29) Currency: CAD

NAV1% Change$ Change
$16.99-0.49%-$0.08
Daily Volume52-Week High/LowAVG 30-Day Volume
467$17.10 / $16.8115,166
Total Net AssetsOutstanding UnitsNumber of Holdings
$55,185,7683,248,2821

Top Holding (as at 2024-11-29)8

Holding % of Net Assets
First Trust Senior Loan Fund 100.03%

Credit Quality (as at 2024-09-30)8

Credit Quality % of Net Assets
BBB 0.14%
BBB- 6.87%
BB+ 3.09%
BB 6.81%
BB- 7.41%
B+ 16.94%
B 32.56%
B- 19.26%
CCC+ 4.62%
CCC 0.31%
CCC- 0.48%
NR 1.49%
The ratings are by S&P Global Ratings. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations except for those debt obligations that are only privately rated. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. "NR" indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.

Top Industry Exposure (as at 2024-09-30)8

Industry % of Net Assets
Software 20.74%
Insurance 15.48%
Health Care Technology 7.74%
Hotels, Restaurants & Leisure 7.68%
Containers & Packaging 5.51%
Professional Services 5.11%
Media 4.69%
Commercial Services & Supplies 4.19%
Health Care Providers & Services 3.63%
Food Products 3.01%

Asset Class Composition (as at 2024-09-30)8

Asset % of Net Assets
Loan 88.35%
Bond 11.65%

Risk Rating

This rating is based on how much the ETF’s returns have changed from year to year. It doesn’t tell you how volatile the ETF will be in the future. The rating can change over time. An ETF with a low risk rating can still lose money.

For more information about the risk rating and specific risks that can affect the ETF’s returns, see the Risk section of the ETF’s prospectus.

Footnotes

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares.
2 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
3 Distribution rate is calculated by dividing the most recent annualized distribution paid or declared by the Net Asset Value. Distribution rates may vary. The distributed amount may include return of capital (ROC) from time to time.
4 A measure of a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. It accounts for the likelihood of changes in the timing of cash flows in response to interest rate movements.
5 The annualized return that would be earned on a debt security if held to maturity, weighted by the value of each debt security in the fund's portfolio. The calculation does not include the effect of fund fees and expenses.
6 The average number of days until the floating component of a loan resets.
7 Term SOFR Reference Rates provide an indicative, forward-looking measurement of SOFR rates, based on market expectations implied from leading derivatives markets. The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The SOFR includes all trades in the Broad General Collateral Rate plus bilateral Treasury repurchase agreement (repo) transactions.
8 Percentage of net assets may not equal 100%

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Commissions, management fees and expenses all may be associated with Exchange-Traded Fund investments. Please carefully read the prospectus of the fund before investing. Exchange-Traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

FT Portfolios Canada Co.
40 King Street West, Suite 5102, Scotia Plaza, Box 312, Toronto, ON M5H 3Y2 1-877-622-5552
Copyright ©2024 FT Portfolios Canada Co. All Rights Reserved.
  Important Legal Information | Terms of Use | Privacy Policy | Cookie Policy