First Trust Senior Loan ETF

FSL-T

Analysis and Opinions about FSL-T

Signal
Opinion
Expert
COMMENT
COMMENT
March 14, 2016

First Trust has a good operation. Has looked at the Senior Loan ETF, more in the US, and has tended to stay away from them. There is not enough pick up in yields in past corporates. Worries about the underlying illiquidity of the asset class.

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First Trust has a good operation. Has looked at the Senior Loan ETF, more in the US, and has tended to stay away from them. There is not enough pick up in yields in past corporates. Worries about the underlying illiquidity of the asset class.

COMMENT
COMMENT
September 23, 2015

Is this a safe haven for a cash balance? No. Under no circumstances would he. This is not a knock against First Trust. The problem with any of the senior ETF’s is that he doesn’t know what the liquidity in the secondary market is, of bank loans.

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Is this a safe haven for a cash balance? No. Under no circumstances would he. This is not a knock against First Trust. The problem with any of the senior ETF’s is that he doesn’t know what the liquidity in the secondary market is, of bank loans.

PAST TOP PICK
PAST TOP PICK
September 2, 2014

(A Top Pick Sept 9/13. Up 4.83%.) This is a medium-high risk sort of product. It would do better than many other products if there was going to be a rate hike.

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(A Top Pick Sept 9/13. Up 4.83%.) This is a medium-high risk sort of product. It would do better than many other products if there was going to be a rate hike.

DON'T BUY
DON'T BUY
June 6, 2014

Not big on this kind of ETF. Contains the kinds of securities from before 2008. A junk bond portfolio of floating rate bonds. High MER. Perhaps as part of portfolio where you want to take risk.

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Not big on this kind of ETF. Contains the kinds of securities from before 2008. A junk bond portfolio of floating rate bonds. High MER. Perhaps as part of portfolio where you want to take risk.

BUY
BUY
May 1, 2014

Some people are spooked by senior loans, but to his mind, it is so short term, the default rate historically has been so low that it has the ability to reset. So credit quality is not a factor.

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Some people are spooked by senior loans, but to his mind, it is so short term, the default rate historically has been so low that it has the ability to reset. So credit quality is not a factor.

BUY
BUY
February 24, 2014

An alternative to high yield. Thinks it will be a good place to be, but not a core holding.

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An alternative to high yield. Thinks it will be a good place to be, but not a core holding.

Joey Mack

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Price
$20.300
Owned
Unknown
BUY
BUY
December 31, 2013

Designed to do well in a rising rate environment. It may not happen in the next year. Prefers over CBO. The rate on FSL resets regularly.

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Designed to do well in a rising rate environment. It may not happen in the next year. Prefers over CBO. The rate on FSL resets regularly.

BUY
BUY
December 13, 2013

As a core holding for a fixed income portion of a portfolio? How does it react to interest-rates? This is a new product from First Trust which is trying to find something that is not rate sensitive short-term. You are getting the rate of return on floating rate loans, which will be a little bit higher then T-bills. As interest rates go up, this will go up as well.

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As a core holding for a fixed income portion of a portfolio? How does it react to interest-rates? This is a new product from First Trust which is trying to find something that is not rate sensitive short-term. You are getting the rate of return on floating rate loans, which will be a little bit higher then T-bills. As interest rates go up, this will go up as well.

John Hood

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Price
$20.180
Owned
Unknown
TOP PICK
TOP PICK
September 9, 2013

Has just recently been released so he doesn't own yet. Has senior loans that are fairly high in order of ranking. They have the ability to reset, which is really important. Because of the reset feature and being diversified and having a number of names, it will probably work well. Reset allows it to do fairly well in a rising rate environment. He is only recommending this primarily for people who might liken income products. He doesn’t like bonds and bond ETFs.

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Has just recently been released so he doesn't own yet. Has senior loans that are fairly high in order of ranking. They have the ability to reset, which is really important. Because of the reset feature and being diversified and having a number of names, it will probably work well. Reset allows it to do fairly well in a rising rate environment. He is only recommending this primarily for people who might liken income products. He doesn’t like bonds and bond ETFs.

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First Trust Senior Loan ETF(FSL-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for First Trust Senior Loan ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Trust Senior Loan ETF(FSL-T) Frequently Asked Questions

What is First Trust Senior Loan ETF stock symbol?

First Trust Senior Loan ETF is a Canadian stock, trading under the symbol FSL-T on the Toronto Stock Exchange (FSL-CT). It is usually referred to as TSX:FSL or FSL-T

Is First Trust Senior Loan ETF a buy or a sell?

In the last year, there was no coverage of First Trust Senior Loan ETF published on Stockchase.

Is First Trust Senior Loan ETF a good investment or a top pick?

First Trust Senior Loan ETF was recommended as a Top Pick by Terry Shaunessy on 2016-03-14. Read the latest stock experts ratings for First Trust Senior Loan ETF.

Why is First Trust Senior Loan ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is First Trust Senior Loan ETF worth watching?

In the last year 0 stock analyst on Stockchase covered First Trust Senior Loan ETF. The stock is worth watching.

What is First Trust Senior Loan ETF stock price?

On 2020-02-25, First Trust Senior Loan ETF (FSL-T) stock closed at a price of $18.49.