SLM Corporation

Frequently Asked Questions About SLM

What does SLM invest in?

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

What is the expense ratio of SLM?

An expense ratio for SLM Corporation (SLM) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is SLM?

SLM Corporation (SLM) manages $4.56B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SLM actively managed or an index fund?

SLM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SLM launched?

SLM Corporation (SLM) launched in September 1983 and is managed by the fund issuer.

How has SLM performed?

SLM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.