Frequently Asked Questions About SLNZ

What does SLNZ invest in?

The TCW Senior Loan ETF (SLNZ) offers investors significant advantages in terms of portfolio diversification, showing a low correlation with conventional fixed income assets. A key benefit is its reduced vulnerability to interest rate fluctuations, primarily due to the inherent floating-rate nature of its underlying senior loans. These loans are also expected to deliver a more consistent income stream and achieve better risk-adjusted returns when compared to other yield-bearing investment alternatives. Our investment strategy is centered on meticulous, bottom-up security analysis, allowing us to identify individual loans with outstanding return potential and thereby generate excess returns.

What is the expense ratio of SLNZ?

TCW Senior Loan ETF (SLNZ) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is SLNZ's dividend yield?

SLNZ's trailing-twelve-month yield is 7.34%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SLNZ?

Effective duration measures SLNZ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SLNZ's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SLNZ?

SLNZ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SLNZ?

Yield to maturity (YTM) is the total return you'd earn from SLNZ if every bond in the portfolio is held to maturity at the current price. SLNZ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

SLNZ

TCW Senior Loan ETF

NYSE·Asset Management, Bonds · Financial Services

$45.10$0.30−0.65%

After hours·$45.10+0.00%

Market closed·Oct 27 2:48 PM EDT

Price Chart

$45.10−$0.30 (−0.65%)today

−5.17%CAGR −2.70%

Select date range

FromTo

Nov 18, 2024Nov 18, 2024 → Oct 27, 2026· 1.9 yrsOct 27, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$2.76

Distribution Yield (FWD)6.12%

Annual Distribution (TTM)$3.31

Distribution Yield (TTM)7.34%

Distribution Growth (5Y)—

FrequencyMonthly

Most Recent$0.23

Ex-Dividend DateOct 1

Payment DateOct 5

DiversificationDiversification Tab

Holdings336

Top 10 Weight17.3%

Top 25 Weight25.9%

Effective Holdings66

Sectors1

Largest Holding872365671 · 11.2%

Largest SectorHealthcare · 100.0%

Asset ClassFixed Income

StrategyActively Managed

Cost & RiskExpenses Tab

Expense Ratio0.65%

Cost per 10k Invested$65.00

AUM$225.83M

Avg Daily Volume4.02K

Price$45.10

NAV$45.22

Premium / Discount−0.27%

52-Week Range$44.58 – $47.10

Beta0.02

Fund Overview

Cost Verdict

Is SLNZ's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: TCW
Asset Class: Fixed Income
Strategy: Actively Managed
Inception: June 28, 2013
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US29287L8090
CUSIP: 29287L809
Website: www.tcw.com/Products/ETFs/SLNZ

Peers

Peers Tab

SEIX

Virtus Seix Senior Loan ETF

Cap

$247.7M

CPLB

NYLI MacKay Core Plus Bond ETF

Cap

$338.4M

BINV

Brandes International ETF

Cap

$563.0M

Latest News

News Tab

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Frequently Asked Questions About SLNZ

What does SLNZ invest in?: The TCW Senior Loan ETF (SLNZ) offers investors significant advantages in terms of portfolio diversification, showing a low correlation with conventional fixed income assets. A key benefit is its reduced vulnerability to interest rate fluctuations, primarily due to the inherent floating-rate nature of its underlying senior loans. These loans are also expected to deliver a more consistent income stream and achieve better risk-adjusted returns when compared to other yield-bearing investment alternatives. Our investment strategy is centered on meticulous, bottom-up security analysis, allowing us to identify individual loans with outstanding return potential and thereby generate excess returns.
What is the expense ratio of SLNZ?: TCW Senior Loan ETF (SLNZ) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
What is SLNZ's dividend yield?: SLNZ's trailing-twelve-month yield is 7.34%, calculated from the sum of dividends over the past year divided by the current price.
What is the duration of SLNZ?: Effective duration measures SLNZ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SLNZ's current duration is published on the fund's factsheet on the issuer's website.
What is the credit quality of SLNZ?: SLNZ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
What is the yield to maturity of SLNZ?: Yield to maturity (YTM) is the total return you'd earn from SLNZ if every bond in the portfolio is held to maturity at the current price. SLNZ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.