BKLN

PowerShares Senior Loan Portfolio
LAST TRADECHANGE (%)VOLUME
$23.40+0.02 (0.11%)3.88M
12:36:07 p.m. (ET) 03/01/2017
BID SIZEBID ($)ASK ($)ASK SIZE
10,27823.3923.4049,190

Overall Rating

C

N/A
as of 03/01/17

Rating Details

71
79
N/A
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

BKLN Fund Description

The PowerShares Senior Loan Portfolio tracks a market-value-weighted index of senior loans issued by banks to corporations.

BKLN FactSet Analytics Insight

BKLN offers a liquid way to earn higher yieldthe bulk of BKLN's portfolio is below investment grade with less interest rate risk but significantly higher credit risk. The fund’s index tracks the 100 largest bank loan facilities—floating-rate, high-yield senior debt issued by banks to companies. Bank loans offer relative safety from interest rate risk because the coupons are reset periodically, but they do take significant credit risk. In fact, the bulk of BKLN’s portfolio is below investment grade and debt from firms in bankruptcy is not ruled out either. While the floating rate feature greatly reduces sensitivity to changes in interest rates, it doesn’t eliminate it. A spike in interest rates makes it harder for issuers to service their debt, potentially raising default risk.
With first-mover advantage in its segment, BKLN has gathered billions in AUM. BKLN trades extremely well in retail quantities. This is especially impressive considering the relative illiquidity and high trading costs of the underlying securities. Still, underlying liquidity—for all bank loan funds—remains a concern for larger investors and when the market sells off.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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BKLN Top 10 Countries View All

BKLN Top 10 Sectors View All

BKLN Top 10 Holdings

BKLN Summary Data

03/03/11
Open-Ended Fund
0.65%
$8.87 B
$94.0 M
0.04%

BKLN Portfolio Data

--
--
--
01/13/17
113

BKLN Index Data

S&P/LSTA U.S. Leveraged Loan 100 Index
Market Value
Market Value
N/A

Related ETFs to BKLN

FLRT, SNLN
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

BKLN Portfolio Management

0.65%
-0.70%
0.33%
-2.20%

BKLN Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

BKLN Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS2,70023.44
3,20523.43
10,92823.42
7,60023.41
49,19023.40
BIDS10,27823.39
22,92823.38
10,36223.37
8,40023.36
8,30023.35
LAST 10 TRADES
TIMEPRICESHARES
12:36:0723.4075
12:36:0723.40100
12:36:0723.4025
12:29:0623.4043
12:21:3723.40132
12:17:3223.40100
11:57:0723.40200
11:51:4323.40100
11:48:4723.40200
11:48:4623.40200
Bats BZX Real-time Quote - 12:59:21
Average Spread
Premium/Discount
Volume

BKLN FactSet Analytics Block Liquidity

As of 03/01/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BKLN. BKLN is rated a 5 out of 5.

BKLN Tradability

4,029,258
$94.0 M
3,456,558
$80.69 M
0.04%
$0.01
0.15%
0.51% / -0.56%
None
98.54%
100,000
34.57
0.02%
--
50,601
$23.37
5

BKLN Performance Statistics

0
0
0
0
0%