SNLN has a yield to maturity of 6.04% and an average days to reset of 30.1 days. The fund’s weighted average coupon is 4.93%.
While senior loans are rated below-investment grade, default rates on senior loans have historically been slightly below those of high-yield or junk bonds. Additionally, in the event of a default, investors are more likely to recoup losses, which may make the asset category less risky than high-yield, speculative-grade debt.
SNLN’s 30-day SEC yield is 5.92%.
For more information on the fixed-income assets, visit our bond ETFs category.