Highland/iBoxx Senior Loan ETF
Name
As of 09/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.8%
1 yr return
5.7%
3 Yr Avg Return
1.4%
5 Yr Avg Return
0.2%
Net Assets
$30.7 M
Holdings in Top 10
97.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 215.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SNLN - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHighland/iBoxx Senior Loan ETF
-
Fund Family NameNexPoint Funds
-
Inception DateNov 06, 2012
-
Shares Outstanding2800231
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatt Pearson
Fund Description
SNLN - Performance
Return Ranking - Trailing
Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -4.6% | 8.3% | 89.12% |
1 Yr | 5.7% | -12.9% | 1.7% | 92.63% |
3 Yr | 1.4%* | -6.8% | 58.6% | 92.48% |
5 Yr | 0.2%* | -6.9% | 29.6% | 92.40% |
10 Yr | 1.4%* | -3.3% | 13.8% | 96.02% |
* Annualized
Return Ranking - Calendar
Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -8.2% | -22.9% | 5.1% | 61.35% |
2022 | -0.8% | -12.2% | 11.1% | 95.27% |
2021 | -8.7% | -11.3% | 289.8% | 94.27% |
2020 | 2.1% | -8.1% | 5.3% | 63.39% |
2019 | -5.6% | -12.2% | -0.2% | 81.48% |
Total Return Ranking - Trailing
Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -4.6% | 11.4% | 89.12% |
1 Yr | 5.7% | -12.7% | 10.0% | 92.63% |
3 Yr | 1.4%* | -1.3% | 65.5% | 92.48% |
5 Yr | 0.2%* | -5.4% | 35.5% | 92.40% |
10 Yr | 1.4%* | 1.4% | 18.7% | 96.02% |
* Annualized
Total Return Ranking - Calendar
Period | SNLN Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.8% | -22.9% | 5.1% | 71.28% |
2022 | 2.1% | -9.6% | 11.7% | 94.55% |
2021 | -5.7% | -8.8% | 306.9% | 95.42% |
2020 | 7.4% | -3.6% | 10.2% | 59.84% |
2019 | -0.9% | -5.2% | 4.5% | 69.14% |
SNLN - Holdings
Concentration Analysis
SNLN | Category Low | Category High | SNLN % Rank | |
---|---|---|---|---|
Net Assets | 30.7 M | 4.45 M | 181 B | 99.64% |
Number of Holdings | 14 | 12 | 1447 | 97.19% |
Net Assets in Top 10 | 25.6 M | -191 M | 2.54 B | 78.95% |
Weighting of Top 10 | 97.27% | 4.6% | 89.7% | 3.17% |
Top 10 Holdings
- DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A 28.58%
- AADVANTAGE LOYALITY IP LTD. 4/20/2028 10.30%
- PRIME SECURITY SERVICES BORROWER, LLC 9/23/2026 10.03%
- GRIFOLS WORLDWIDE OPERATIONS USA 11/15/2027 10.01%
- CHARTER COMMUNICATIONS OPERATING, LLC 2/1/2027 9.98%
- ELECTRON BIDCO INC. 11/1/2028 9.26%
- PHOENIX NEWCO, INC. 15-Nov-2028 4.91%
- OPEN TEXT CORPORATION 1/31/2030 4.78%
- ASSURED PARTNERS 2/12/2027 4.72%
- Symantec/NortonLifeLock 1/22 Cov-Lite TLB 6/23/2028 4.72%
Asset Allocation
Weighting | Return Low | Return High | SNLN % Rank | |
---|---|---|---|---|
Bonds | 75.03% | 28.71% | 161.82% | 95.09% |
Cash | 28.58% | -61.90% | 53.95% | 0.70% |
Stocks | 0.00% | 0.00% | 26.82% | 94.39% |
Preferred Stocks | 0.00% | -3.99% | 1.54% | 65.61% |
Other | 0.00% | -54.21% | 26.58% | 75.09% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 67.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SNLN % Rank | |
---|---|---|---|---|
Corporate | 71.72% | 0.00% | 141.23% | 97.16% |
Cash & Equivalents | 28.58% | 0.00% | 54.60% | 0.70% |
Derivative | 0.00% | 0.00% | 7.03% | 67.02% |
Securitized | 0.00% | 0.00% | 91.68% | 70.92% |
Municipal | 0.00% | 0.00% | 0.47% | 46.81% |
Government | 0.00% | 0.00% | 3.18% | 57.80% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SNLN % Rank | |
---|---|---|---|---|
US | 75.03% | 14.05% | 128.23% | 88.07% |
Non US | 0.00% | 0.00% | 84.20% | 74.04% |
SNLN - Expenses
Operational Fees
SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.76% | 0.01% | 15.84% | 80.84% |
Management Fee | 0.45% | 0.00% | 1.89% | 5.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 3.00% | N/A |
Trading Fees
SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SNLN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 215.00% | 4.00% | 215.00% | 100.00% |
SNLN - Distributions
Dividend Yield Analysis
SNLN | Category Low | Category High | SNLN % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.32% | 2.05% |
Dividend Distribution Analysis
SNLN | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
SNLN | Category Low | Category High | SNLN % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.68% | 1.77% | 10.22% | 87.86% |
Capital Gain Distribution Analysis
SNLN | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 06, 2023 | $0.093 | OrdinaryDividend |
Aug 31, 2023 | $0.064 | OrdinaryDividend |
Jul 31, 2023 | $0.097 | OrdinaryDividend |
Jun 30, 2023 | $0.076 | OrdinaryDividend |
May 31, 2023 | $0.096 | OrdinaryDividend |
Apr 28, 2023 | $0.094 | OrdinaryDividend |
Mar 31, 2023 | $0.102 | OrdinaryDividend |
Feb 28, 2023 | $0.128 | OrdinaryDividend |
Jan 31, 2023 | $0.147 | OrdinaryDividend |
Dec 30, 2022 | $0.118 | OrdinaryDividend |
Nov 30, 2022 | $0.118 | OrdinaryDividend |
Oct 31, 2022 | $0.054 | OrdinaryDividend |
Sep 30, 2022 | $0.064 | OrdinaryDividend |
Aug 31, 2022 | $0.062 | OrdinaryDividend |
Jul 29, 2022 | $0.062 | OrdinaryDividend |
Jun 30, 2022 | $0.046 | OrdinaryDividend |
May 31, 2022 | $0.052 | OrdinaryDividend |
Apr 29, 2022 | $0.031 | OrdinaryDividend |
Mar 31, 2022 | $0.030 | OrdinaryDividend |
Feb 28, 2022 | $0.032 | OrdinaryDividend |
Jan 31, 2022 | $0.044 | OrdinaryDividend |
Dec 31, 2021 | $0.061 | OrdinaryDividend |
Nov 30, 2021 | $0.043 | OrdinaryDividend |
Oct 29, 2021 | $0.047 | OrdinaryDividend |
Sep 30, 2021 | $0.049 | OrdinaryDividend |
Aug 31, 2021 | $0.055 | OrdinaryDividend |
Jul 30, 2021 | $0.027 | OrdinaryDividend |
Jun 30, 2021 | $0.027 | OrdinaryDividend |
May 28, 2021 | $0.027 | OrdinaryDividend |
Apr 30, 2021 | $0.027 | OrdinaryDividend |
Mar 31, 2021 | $0.027 | OrdinaryDividend |
Feb 26, 2021 | $0.027 | OrdinaryDividend |
Jan 29, 2021 | $0.034 | OrdinaryDividend |
Dec 31, 2020 | $0.023 | OrdinaryDividend |
Nov 30, 2020 | $0.030 | OrdinaryDividend |
Oct 30, 2020 | $0.038 | OrdinaryDividend |
Sep 30, 2020 | $0.038 | OrdinaryDividend |
Aug 31, 2020 | $0.025 | OrdinaryDividend |
Jul 31, 2020 | $0.040 | OrdinaryDividend |
Jun 30, 2020 | $0.038 | OrdinaryDividend |
May 29, 2020 | $0.045 | OrdinaryDividend |
Apr 30, 2020 | $0.040 | OrdinaryDividend |
Mar 31, 2020 | $0.068 | OrdinaryDividend |
Feb 28, 2020 | $0.062 | OrdinaryDividend |
Jan 31, 2020 | $0.068 | OrdinaryDividend |
Dec 31, 2019 | $0.059 | OrdinaryDividend |
Nov 29, 2019 | $0.051 | OrdinaryDividend |
Oct 31, 2019 | $0.050 | OrdinaryDividend |
Sep 30, 2019 | $0.057 | OrdinaryDividend |
Aug 30, 2019 | $0.083 | OrdinaryDividend |
Jul 31, 2019 | $0.073 | OrdinaryDividend |
Jun 28, 2019 | $0.070 | OrdinaryDividend |
May 31, 2019 | $0.085 | OrdinaryDividend |
Apr 30, 2019 | $0.081 | OrdinaryDividend |
Mar 29, 2019 | $0.071 | OrdinaryDividend |
Feb 28, 2019 | $0.072 | OrdinaryDividend |
Jan 31, 2019 | $0.075 | OrdinaryDividend |
Dec 31, 2018 | $0.093 | OrdinaryDividend |
Nov 30, 2018 | $0.073 | OrdinaryDividend |
Oct 31, 2018 | $0.071 | OrdinaryDividend |
Sep 28, 2018 | $0.068 | OrdinaryDividend |
Aug 31, 2018 | $0.068 | OrdinaryDividend |
Jul 31, 2018 | $0.066 | OrdinaryDividend |
Jun 29, 2018 | $0.078 | OrdinaryDividend |
May 31, 2018 | $0.075 | OrdinaryDividend |
Apr 30, 2018 | $0.070 | OrdinaryDividend |
Mar 29, 2018 | $0.070 | OrdinaryDividend |
Feb 28, 2018 | $0.067 | OrdinaryDividend |
Jan 31, 2018 | $0.065 | OrdinaryDividend |
Dec 29, 2017 | $0.069 | OrdinaryDividend |
Nov 30, 2017 | $0.078 | OrdinaryDividend |
Oct 31, 2017 | $0.069 | OrdinaryDividend |
Sep 29, 2017 | $0.066 | OrdinaryDividend |
Aug 31, 2017 | $0.067 | OrdinaryDividend |
Jul 31, 2017 | $0.069 | OrdinaryDividend |
Jun 30, 2017 | $0.077 | OrdinaryDividend |
May 31, 2017 | $0.077 | OrdinaryDividend |
Apr 28, 2017 | $0.074 | OrdinaryDividend |
Mar 31, 2017 | $0.078 | OrdinaryDividend |
Feb 28, 2017 | $0.068 | OrdinaryDividend |
Jan 31, 2017 | $0.073 | OrdinaryDividend |
Dec 30, 2016 | $0.061 | OrdinaryDividend |
Nov 30, 2016 | $0.065 | OrdinaryDividend |
Oct 31, 2016 | $0.065 | OrdinaryDividend |
Sep 30, 2016 | $0.074 | OrdinaryDividend |
Aug 31, 2016 | $0.074 | OrdinaryDividend |
Jul 29, 2016 | $0.072 | OrdinaryDividend |
Jun 30, 2016 | $0.064 | OrdinaryDividend |
May 31, 2016 | $0.071 | OrdinaryDividend |
Apr 29, 2016 | $0.066 | OrdinaryDividend |
Mar 31, 2016 | $0.068 | OrdinaryDividend |
Feb 29, 2016 | $0.066 | OrdinaryDividend |
Jan 29, 2016 | $0.071 | OrdinaryDividend |
Dec 31, 2015 | $0.066 | OrdinaryDividend |
Nov 30, 2015 | $0.068 | OrdinaryDividend |
Oct 30, 2015 | $0.067 | OrdinaryDividend |
Sep 30, 2015 | $0.069 | OrdinaryDividend |
Aug 31, 2015 | $0.069 | OrdinaryDividend |
Jul 31, 2015 | $0.063 | OrdinaryDividend |
Jun 30, 2015 | $0.062 | OrdinaryDividend |
May 29, 2015 | $0.063 | OrdinaryDividend |
Apr 30, 2015 | $0.063 | OrdinaryDividend |
Mar 31, 2015 | $0.063 | OrdinaryDividend |
Feb 27, 2015 | $0.064 | OrdinaryDividend |
Jan 30, 2015 | $0.071 | OrdinaryDividend |
Dec 31, 2014 | $0.064 | OrdinaryDividend |
Nov 28, 2014 | $0.063 | OrdinaryDividend |
Oct 31, 2014 | $0.047 | OrdinaryDividend |
Sep 30, 2014 | $0.054 | OrdinaryDividend |
Aug 29, 2014 | $0.077 | OrdinaryDividend |
Jul 31, 2014 | $0.073 | OrdinaryDividend |
Jun 30, 2014 | $0.083 | OrdinaryDividend |
May 30, 2014 | $0.070 | OrdinaryDividend |
Apr 30, 2014 | $0.076 | OrdinaryDividend |
Mar 31, 2014 | $0.078 | OrdinaryDividend |
Feb 28, 2014 | $0.078 | OrdinaryDividend |
Jan 31, 2014 | $0.084 | OrdinaryDividend |
Dec 31, 2013 | $0.077 | OrdinaryDividend |
Nov 29, 2013 | $0.075 | OrdinaryDividend |
Oct 31, 2013 | $0.081 | OrdinaryDividend |
Sep 30, 2013 | $0.078 | OrdinaryDividend |
Aug 30, 2013 | $0.084 | OrdinaryDividend |
Jul 31, 2013 | $0.081 | OrdinaryDividend |
Jun 28, 2013 | $0.085 | OrdinaryDividend |
May 31, 2013 | $0.090 | OrdinaryDividend |
Apr 30, 2013 | $0.085 | OrdinaryDividend |
Mar 28, 2013 | $0.081 | OrdinaryDividend |
Feb 28, 2013 | $0.085 | OrdinaryDividend |
Jan 31, 2013 | $0.099 | OrdinaryDividend |
Dec 31, 2012 | $0.149 | OrdinaryDividend |
SNLN - Fund Manager Analysis
Managers
Matt Pearson
Start Date
Tenure
Tenure Rank
Jan 06, 2021
1.4
1.4%
Mr. Pearson is a Portfolio Manager and Equity Trader at Highland Capital Management Fund Advisors, L.P. Previously, he was an Assistant Trader and Senior Operations Analyst with Highland Capital Management, L.P. Prior to joining Highland in June 2012, he was a Junior Associate for Chapwood Investments. Mr. Pearson received a BS in Economics with Financial Applications from Southern Methodist University. Mr. Pearson is a holder of the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.05 | 3.25 |