SNLNHighland iBoxx Senior Loan ETF(Exchange Traded Fund )
XTF Rating* NR
Price:$15.92 0.01(0.06%)
52 Week:$13.88 - $17.68
Volume: 40,123
Avg Daily Volume: 129,204
Market Cap: $89,208,000 Avg Trade Size: 532 shares
Fund Turnover: 41 days 6/1/2020 3:59:31 PM

Highland iBoxx Senior Loan ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx Liquid Leveraged Loan Index (the 'Underlying Index'). The Fund seeks to achieve its objective by investing approximately 80% of its assets in component securities of the Underlying Index ('Component Securities'). The Fund may invest the remainder of its assets in securities not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index. The index is rules based index. Consists of approximately 100 of the largest, most liquid leveraged loans. Measured by the number of active market participants trading the security and the dollar face amount of outstanding senior loans issued. Loans eligible for inclusion in the Underlying Index are measured by type, size, liquidity, spread, credit rating and minimum time to maturity.

Inception Date: 11/6/2012Geography: US  Asset Class: Fixed Income
Primary Exchange: NASDAQ Stock MarketInvestment Philosophy: Passively ManagedDebt Issuer: Corporate Debt
Issuer: Highland Capital Management Fund AdvisorsUnderlying Index: Markit iBoxx Liquid Leveraged Loan IndexCredit Grade: High Yield
Index Provider: Markit Indices LimitedIndex Composition: Cap-WeightedMaturity: Various Maturities

Structural Integrity
Investment Metrics
Fund Holdings
Fund Exposure
News Headlines
SNLN Structural Integrity ranks in the 27th percentile (among all 405 Fixed Income ETFs over past 6 months).
as of 3/31/2020 Value  Rank (%)
Expense Ratio 0.55% 
Average Bid Ask Ratio Premium Content 
Tracking Error Premium Content 
Concentration Risk Premium Content 
Market Impact Premium Content 
Efficiency Premium Content 
Cap Gains Dist Premium Content 
as of 6/1/2020  
Avg Number of Components   (range) 1   (1-2)
Legal Structure Open-End Investment Company 
Annual Yield 4.57%
Last Dividend PaidDate 0.05, 5/15/2020   See Distributions
Options / Futures Available N  /  Y 
Short Interest / Days to Cover N.A. /  N.A.
Net Asset Value $89,203,224 
Premium (Discount) 0.01% 
*The XTF Rating for an ETF is based on statistical analysis of its structural integrity and investment metric giving a total range between 0 and 10 with 10 being the best. Read More.

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