Top holdings include Caesars Entertainment 2.1%, FMG Resources 2.0%, Clear Channel Comm 1.9%, Texas Comp Elect 2017 1.9% and Texas Comp Elect 2014 1.8%.
SPDR Blackstone/GSO Senior Loan ETF (NYSEArca: SRLN) is an actively managed senior loan ETF that seeks to generate income while preserving capital. It tries to beat the Markit iBoxx U.S. Leveraged Loan 100 Index and S&P/LSTA U.S. Leveraged Loan 100 Index through credit analysis, and timely sales and buys. SRLN has a 0.55% expense ratio and a 2.67% 30-day SEC yield. The fund has a weighted average days to reset of 75.
Top sectors include business services 13.8%, healthcare & pharmaceuticals 10.9%, telecom 9.5%, retail 6.5% and consumer services 4.7%. The fund has 94.3% in loans and 5.7% in bonds.
Credit quality breakdown includes BBB- 2.8%, BB 40% and B 46%.
First Trust Senior Loan Fund (NasdaqGM: FTSL) is another actively managed ETF that seeks to generate high current income through senior floating rate bank loans. FTSL has a 0.85% expense ratio and a 4.01% 30-day SEC yield. The fund’s floating rate component resets on an average 60.4 days.
Top sectors include health care providers & services 8.9%, media 8.9%, food products 7.3%, hotels & restaurants 6.4% and health care equipment & supplies 6.1%.
Credit quality breakdown includes BBB- 2.5%, BB 30%, B 66% and CCC 3%.
For more information on fixed-income assets, visit our bond ETFs category.
Max Chen contributed to this article.