 The
Blackstone GSO Senior Loan SPDR (SRLN) is an exchange-traded fund
(ETF) that seeks to provide investors with exposure to senior secured
loans made to US corporations, while also seeking to provide a high
level of current income. The ETF's objective is to track the
performance of the S&P/LSTA U.S. Leveraged Loan 100 Index, which is a
widely recognized benchmark for US senior secured loans.
SRLN
invests in a portfolio of senior secured loans made to US
corporations, with the goal of providing investors with exposure to
this asset class, while also seeking to provide a high level of
current income. The ETF's holdings are selected based on factors such
as credit quality, liquidity, and yield.
As of September 2021,
the SRLN ETF has a net asset value (NAV) of approximately $13 billion
and holds a portfolio of over 500 senior secured loans. The ETF's
expense ratio is 0.70%, which is relatively high compared to other
ETFs.
SRLN has a track record of providing investors with solid
returns and a high level of current income. Since its inception in
2013, the fund has provided investors with an annualized return of
around 3% (as of March 23, 2023) and a dividend yield of around 3.5%.
Overall, the Blackstone GSO Senior Loan SPDR (SRLN) could be a
good investment option for investors looking to invest in senior
secured loans made to US corporations, while also seeking a high level
of current income. However, as with any investment, it is important to
conduct thorough research and consider factors such as risk tolerance,
investment objectives, and fees before making a decision.
Additionally, investors should be aware that investing in senior
secured loans can involve higher risks compared to other fixed-income
investments, and that the ETF's yield may fluctuate over time.
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