The ETF issuer, Invesco PowerShares. lists the Yield to Maturity at 6.57%, with an SEC 30 Day Yield of 5.02%, and given the current scenario with Treasury Bonds recently rallying notably in price, and thus with yields plunging once more, it is not terribly hard to understand why institutions may be looking elsewhere outside of U.S. Treasuries for sources of yield in portfolios.
The fund undergoes a rebalance and reconstitution of the index twice per year, in order to reshuffle the holdings where necessary, and since inception just last year, BKLN has already attracted nearly $600 million in assets under management.
PowerShares Senior Loan Portfolio
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