SNLN: Highland/iBoxx Senior Loan ETF - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$16.08

-

2.36%

$0.38

0.75%

Vitals

YTD Return

0.0%

1 yr return

2.8%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

1.1%

Net Assets

$41.8 M

Holdings in Top 10

41.0%

52 WEEK LOW AND HIGH

$16.06
$15.60
$16.24

Expenses

OPERATING FEES

Expense Ratio 0.75%

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

Investment Style

Bank Loan


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$16.08

-

2.36%

$0.38

0.75%

SNLN - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.68%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Highland/iBoxx Senior Loan ETF
  • Fund Family Name
    Highland Funds
  • Inception Date
    Nov 06, 2012
  • Shares Outstanding
    2599657
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matt Pearson

Fund Description

The fund will, under normal circumstances, invest at least 80% of its assets (the "80% basket") in component securities of the underlying index. The underlying index is a subset of the Markit iBoxx USD Leveraged Loan Index. "Leveraged Loans" are loans to companies that typically already have a high amount of debt and are often characterized by lower credit ratings or higher interest rates. It is non-diversified.


SNLN - Performance

Return Ranking - Trailing

Period SNLN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -2.5% 11.8% 96.89%
1 Yr 2.8% 0.8% 42.1% 99.05%
3 Yr -0.5%* -1.0% 5.9% 99.29%
5 Yr 1.1%* 1.1% 7.5% 100.00%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period SNLN Return Category Return Low Category Return High Rank in Category (%)
2020 -8.7% -16.5% 289.8% 92.73%
2019 2.1% -8.1% 7.5% 63.10%
2018 -5.6% -12.2% 5.5% 80.62%
2017 -3.0% -4.2% 3.7% 99.15%
2016 3.9% -65.0% 12.9% 62.73%

Total Return Ranking - Trailing

Period SNLN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.5% 11.8% 94.41%
1 Yr 2.8% 0.4% 42.1% 94.03%
3 Yr -0.5%* -1.3% 10.0% 98.43%
5 Yr 1.1%* 1.1% 7.6% 100.00%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SNLN Return Category Return Low Category Return High Rank in Category (%)
2020 -8.7% -16.5% 289.8% 92.73%
2019 2.1% -8.1% 7.5% 65.68%
2018 -5.6% -12.2% 5.5% 86.05%
2017 -3.0% -4.2% 7.2% 99.15%
2016 3.9% -65.0% 12.9% 72.27%

SNLN - Holdings

Concentration Analysis

SNLN Category Low Category High SNLN % Rank
Net Assets 41.8 M 10 M 9.84 B 98.16%
Number of Holdings 79 12 1358 83.83%
Net Assets in Top 10 18.5 M -171 M 2.33 B 79.34%
Weighting of Top 10 41.03% 4.9% 95.4% 18.62%

Top 10 Holdings

  1. Radiate Holdco Llc 2.90%
  2. Radiate Holdco Llc 2.90%
  3. Radiate Holdco Llc 2.90%
  4. Radiate Holdco Llc 2.90%
  5. Radiate Holdco Llc 2.90%
  6. Radiate Holdco Llc 2.90%
  7. Radiate Holdco Llc 2.90%
  8. Radiate Holdco Llc 2.90%
  9. Radiate Holdco Llc 2.90%
  10. Radiate Holdco Llc 2.90%

Asset Allocation

Weighting Return Low Return High SNLN % Rank
Bonds
78.10% 41.18% 149.51% 98.80%
Cash
21.90% -49.60% 55.70% 1.20%
Stocks
0.00% 0.00% 15.31% 91.32%
Preferred Stocks
0.00% 0.00% 29.39% 60.78%
Other
0.00% -54.12% 12.76% 59.58%
Convertible Bonds
0.00% 0.00% 3.77% 70.66%

Bond Sector Breakdown

Weighting Return Low Return High SNLN % Rank
Corporate
77.95% 0.00% 100.00% 89.49%
Cash & Equivalents
22.05% 0.00% 58.10% 3.00%
Derivative
0.00% 0.00% 9.59% 48.05%
Securitized
0.00% 0.00% 100.00% 69.67%
Municipal
0.00% 0.00% 0.68% 49.85%
Government
0.00% 0.00% 5.94% 44.14%

Bond Geographic Breakdown

Weighting Return Low Return High SNLN % Rank
US
74.08% 3.17% 128.54% 61.68%
Non US
4.02% 0.00% 115.41% 90.72%

SNLN - Expenses

Operational Fees

SNLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.02% 7.50% 80.67%
Management Fee 0.45% 0.00% 2.40% 6.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

SNLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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% 8.00% 215.00% 100.00%

SNLN - Distributions

Dividend Yield Analysis

SNLN Category Low Category High SNLN % Rank
Dividend Yield 3.66% 0.00% 5.29% 16.27%

Dividend Distribution Analysis

SNLN Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SNLN Category Low Category High SNLN % Rank
Net Income Ratio 2.68% 1.77% 10.93% 96.50%

Capital Gain Distribution Analysis

SNLN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

SNLN - Fund Manager Analysis

Managers

Matt Pearson


Start Date

Tenure

Tenure Rank

Jan 06, 2021

0.65

0.7%

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 22.85 5.9 2.5