SLNZ
TCW Senior Loan ETF
📎 Investment Objective
The TCW Senior Loan ETF (SLNZ) seeks to provide current income by investing primarily in senior secured floating-rate loans.
Overview
ETF tracking TCW Senior Loan ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The TCW Senior Loan ETF (SLNZ) seeks to provide current income by investing primarily in senior secured floating-rate loans.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in senior secured floating-rate loans and other senior secured debt instruments. The portfolio manager uses fundamental credit analysis to identify attractive investment opportunities across the senior loan market.
✨ Key Features
- Focuses on senior secured floating-rate loans, which can provide a hedge against rising interest rates
- Actively managed strategy aims to identify undervalued senior loan opportunities
- Diversified portfolio across industries and issuers
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default or downgrade of the senior loans it holds
- Interest rate risk: Rising interest rates could negatively impact the value of the fund's holdings
- Liquidity risk: The senior loan market can experience periods of reduced liquidity, which may impact the fund's ability to sell positions
- Active management risk: The fund's performance depends on the skill of the portfolio manager in selecting attractive senior loan investments
👤 Best For
The TCW Senior Loan ETF may be suitable for investors seeking current income and a hedge against rising interest rates, as part of a diversified fixed income allocation. Investors should have a medium-term investment horizon and be willing to accept the credit and liquidity risks associated with senior secured loans.