Investment Test Drive

FTSL First Trust Senior Loan ETF

4 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund FTSL First Trust Senior Loan ETF LFRFX Lord Abbett Floating Rate F PFFRX T. Rowe Price Instl Floating Rate F  
Similarity
?
100% 95% 89%
Annual Fees
?
$86.63
(0.85% Exp. Ratio)
$71.34
(0.70% Exp. Ratio)
$70.32
(0.69% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.92% annual return
$13,689.02 $14,324.13 $14,367.47
Est. savings over 30 yrs +$635.11 +$678.45
Return
As of 11/30/16
1 YR RETURN 5.53%
3 YR 2.87%
5 YR --
10 YR --
1 YR RETURN 8.06%
3 YR 3.50%
5 YR 5.39%
10 YR --
1 YR RETURN 6.25%
3 YR 3.35%
5 YR 4.75%
10 YR --
Description
The investment seeks to provide high current income; the fund's secondary investment objective is the preservation of capital. Under normal market conditions, the fund seeks to outperform each of the Primary index and Secondary index by investing at least 80% of its net assets (including investment borrowings) in first lien senior floating rate bank loans ("Senior Loans"). It is non-diversified.
The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities, including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives.
The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of its net assets (including any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Floating rate loans represent amounts borrowed by companies or other entities from banks and other lenders. It may invest up to 20% of its net assets in fixed rate debt securities. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt securities (including securities of issuers in emerging markets) in keeping with the fund's investment objective.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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