First Trust Senior Loan follows a sensible, cautious approach under the direction of an experienced management team, but the strategy has yet to demonstrate a clear advantage over peers, resulting in a Morningstar Analyst Rating of Neutral.
Will FTSL outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FTSL’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FTSL management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FTSL’s parent organization’s priorities and whether they’re in line with investors’ interests.