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Senior Loan & Limited Duration Plus Closed-End, 73  Ticker: FMINLX
 
Description
The Senior Loan & Limited Duration Plus Closed-End Portfolio is a unit investment trust which invests in a diversified portfolio of senior loan and limited duration closed-end funds. The portfolio seeks to provide investors with the potential for high current income.
 
Summary
Product Code: SLLD73
Portfolio Status: Secondary
Initial Offer Date: 02/25/2013
Secondary Date: 03/12/2013
Portfolio Ending Date: 11/04/2015
Tax Structure: RIC
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.8785
POP(*): $9.1531
* As of Trade Date: 04/16/2014 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.5854
As of 04/14/2014
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 NexPoint Credit Strategies Fund NHF 8.64%
 BlackRock Corporate High Yield Fund Inc. HYT 5.95%
 Nuveen Credit Strategies Income Fund JQC 5.36%
 Eaton Vance Floating-Rate Income Trust EFT 5.18%
 ING Prime Rate Trust PPR 5.14%
 Nuveen Floating Rate Income Fund JFR 5.13%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 5.11%
 Eaton Vance Senior Floating-Rate Fund EFR 5.09%
 Cohen & Steers Limited Duration Preferred and Income Fund, Inc. LDP 4.98%
 Blackstone/GSO Strategic Credit Fund BGB 4.89%
 Western Asset Mortgage Defined Opportunity Fund Inc. DMO 4.86%
 Wells Fargo Advantage Multi-Sector Income Fund ERC 4.78%
 Prudential Short Duration High Yield Fund Inc. ISD 4.76%
 Eaton Vance Limited Duration Income Fund EVV 4.66%
 Nuveen Mortgage Opportunity Term Fund JLS 4.35%
 Neuberger Berman High Yield Strategies Fund Inc. NHS 3.16%
 Pioneer Diversified High Income Trust HNW 3.05%
 Wells Fargo Advantage Income Opportunities Fund EAD 2.91%
 Putnam Premier Income Trust PPT 2.67%
 Putnam Master Intermediate Income Trust PIM 2.66%
 Apollo Senior Floating Rate Fund Inc. AFT 2.21%
 Pioneer Floating Rate Trust PHD 2.11%
 Nuveen Short Duration Credit Opportunities Fund JSD 2.07%
 
Total Number of Holdings:    23
Underlying Securities information represented above is as of 04/16/2014 but will vary with future fluctuations in the market.

Certain of the closed-end funds invest in subprime mortgage loans. Subprime mortgage loans are subject to numerous risks, including increased credit risks, higher interest rates, shifts in the market's perception of issuers and regulatory or tax changes adversely affecting the mortgage securities markets. Risks of investing in closed-end funds which hold subprime mortgage loans are similar to those which affect high-yield securities or "junk" bonds, which include less liquidity, greater volatility and an increased risk of default as compared to higher rated securities.

Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage which increases the volatility of such funds.

Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Investment grade bonds are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will rise during the life of the trust.

The value of mortgage-backed securities will decline with increases in interest rates.The value of mortgage-backed securities will also fluctuate with changes in the general condition of the mortgage-backed securities market, changes in inflation rates or when political or economic events affecting Ginnie Mae occur.

Preferred stocks are equity securities of the issuing company which pay income in the form of dividends. Preferred stocks are typically subordinated to bonds and other debt instruments in a company�s capital structure, and therefore will be subject to greater credit risk than those debt instruments.

The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk"bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

Subprime mortgage loans are subject to numerous risks, including increased credit risks, higher interest rates, shifts in the market's perception of issuers and regulatory or tax changes adversely affecting the mortgage securities markets.

The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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