Senior Loans - Floating Rate

Senior bank loans are in most cases loans secured with collateral such as property or equipment because of the lower credit ratings of the beneficiary company

This investment theme is part of the Fixed Income 'Purpose Built' series posted in the Library

Exposure predominantly targets sub-investment grade, floating rate, high-yield securities, which seniority puts at the top of the capital structure 

Invesco Senior Income Trust and Ares Dynamic Credit Allocation Fund  are outliers with oustanding performance and higher volatility, included in the selection 

For recently listed ETFs, such as Eaton Vance Floating-Rate ETF which is not included in the selection,  limited price data sets will not allow reliable performance / volatility arbitrage 

Rank the fund selection by performance or by volatility for the selected time period

Over time, fund price momentum signals trends of the last 5 days against a 20-day average

For comparison, select various time frames in the top right menu box, from 2 weeks to a full year (performance of some very recently listed ETFs may not be significant for lack of price data)