Highland/iBoxx Senior Loan ETF (SNLN)
- Fixed Income | Corporate Debt Funds
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx USD Liquid Leveraged Loan Index. The fund invests at least 80% of its assets in component securities of the underlying index. It uses a passive management strategy designed to track the total return performance 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.
Fund Snapshot Updated 12.11.2013
|Previous Close||$9.37||Expense Ratio||0.55%|
|YTD Return||4.0%||Avg. 30-Day Volume||31,137|
|1-Year Return||4.9%||Market Cap||Loading...|