Highland/iBoxx Senior Loan ETF

Frequently Asked Questions About SNLN

What does SNLN invest in?

The fund will, under normal circumstances, invest at least 80% of its assets (the "80% basket") in component securities 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.

What is the expense ratio of SNLN?

Highland/iBoxx Senior Loan ETF (SNLN) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SNLN?

Highland/iBoxx Senior Loan ETF (SNLN) manages $30.6M 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 SNLN actively managed or an index fund?

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

When was SNLN launched?

Highland/iBoxx Senior Loan ETF (SNLN) launched in November 2012 and is managed by the fund issuer.

How has SNLN performed?

SNLN'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.