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Highland/iBoxx Senior Loan ETF (SNLN)

19.87 Down 0.01(0.05%) 4:00PM EDT
Profile as of Jun 29, 2014Get Profile for:
Highland/iBoxx Senior Loan ETF

Phone: 855-799-4757
Fund Overview 
Category: Bank Loan
Fund Family: Highland Funds
Net Assets:199.37M
Fund Inception Date:Nov 6, 2012
Legal Type:Exchange Traded Fund
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Morningstar Style Box 
Bank Loan
[View Category Definition]
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About the Morningstar Style Box

Fund Summary 
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Markit iBoxx USD Liquid Leveraged Loan Index. The fund invests at least 80% of its assets in component securities of the underlying index. It uses a passive management strategy designed to track the total return performance 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.

Fund Operations 
 SNLNCategory Avg
Annual Report Expense Ratio (net)0.55%N/A
Annual Holdings TurnoverNaNN/A
Total Net AssetsNaNN/A
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