First Trust Senior Loan

The investment seeks to provide high current income.
Under normal market conditions, the fund seeks to outperform each of the Primary index and Secondary index by investing at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in first lien senior floating rate bank loans ("Senior Loans"). The Senior Loans included in the fund's portfolio often maintain an average interest rate duration of less than 90 days; however, the inclusion of LIBOR floors on certain Senior Loans or other factors may cause interest rate duration to be longer than 90 days. The fund is non-diversified.

Key stats

Management firm  First Trust
Domicile  United States
Fund Administrator  The Bank of New York Mellon
Global Branding Name  First Trust
Fund currency  USD
Launch Date  2013-05-01
ISIN  US33738D3098
SEDOL  B8KKGG3
Manager 1 Name  Scott Fries
Manager 2 Name  William Housey
Fund Strategy  Bank Loan
Benchmark  Not benchmarked
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-03-31
Return - 1 Month  0.17%
Return - 2 Months  0.50 %
Return - 3 Months  1.06%
Return - 6 Months  2.81 %
Return - 9 months  4.21 %
Return - 12 Months  0.00%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  2.76%
Return YTD  1.06%

Charges

Initial  0.00 %
Maximum Managment Charge  0.85 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  First Trust
Contact Address 2  120 E. Liberty Drive, Suite 400
Contact Address 3  Wheaton, IL 60187
Contact city  Wheaton
Contact country  United States
Fund Admin Group  First Trust
Web Address  www.ftportfolios.com
Custodian  The Bank of New York Mellon
Phone  1-800-621-1675

Price

Last Price Date  2014-04-17
Pre-tax nav  49.51
Pre-tax offer  52.17
Pre-tax bid  46.83
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.01
Price change (percentage)  0.02 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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