John Hancock Global Senior Loan ETF (JHLN)

John Hancock Global Senior Loan ETF is an actively managed fixed income fund from John Hancock Investment Management that invests mainly in senior secured floating-rate loans made to companies in the U.S. and other developed markets.

These loans are typically issued by below investment grade borrowers but sit high in the capital structure and are backed by collateral. Because their interest rates reset periodically with short-term benchmarks, the fund's income tends to move with prevailing rates and its price is relatively insensitive to interest-rate changes.