SRLNSPDR Blackstone Senior Loan ETF
SRLN Fund Description
SRLN provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less.
SRLN Factset Analytics Insight
SRLN's actively managed approach to the senior loan ETF space has been well received by investors. The fund has amassed a strong asset base since launch. SRLN aims to outperform the indexes underlying two competing ETFs, SNLN and BKLN, citing two possible means. First, it tries to anticipate which credits will be added and dropped from the indexes, buying and selling accordingly. Second, it isn't constrained to US firms. By design, SRLN allocates overwhelmingly to floating rate, below-investment-grade loans per issuer State Street Global Advisors. SRLN trades well with small spreads, though larger investors looking to trade blocks will have to work harder with market makers for good executions as the underlying senior loan market is generally less liquid. It charges a reasonable fee for the active management space, and with no underlying index, tracking isn't a concern.
SRLN Summary Data
SRLN Portfolio Data
SRLN Index Data
SRLN Portfolio Management
SRLN Tax Exposures
SRLN Fund Structure
SRLN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SRLN. SRLN is rated a 5 out of 5.