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Senior Loan & Limited Duration Closed-End, 30  Ticker: FHBRUX
The Senior Loan & Limited Duration 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.
Product Code: LD2Y30
Portfolio Status: Secondary
Initial Offer Date: 02/01/2013
Secondary Date: 02/13/2013
Portfolio Ending Date: 09/23/2015
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $8.6919
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/26/2015 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.5782
As of 03/23/2015
* 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  
 NexPoint Credit Strategies Fund NHF 10.39%
 Invesco Dynamic Credit Opportunities Fund VTA 5.58%
 Nuveen Credit Strategies Income Fund JQC 5.50%
 BlackRock Floating Rate Income Trust BGT 5.46%
 Nuveen Floating Rate Income Fund JFR 5.45%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 5.40%
 Eaton Vance Senior Floating-Rate Trust EFR 5.31%
 Invesco Senior Income Trust VVR 5.25%
 BlackRock Corporate High Yield Fund, Inc. HYT 4.74%
 Putnam Premier Income Trust PPT 4.11%
 Cohen & Steers Limited Duration Preferred and Income Fund, Inc. LDP 4.05%
 Eaton Vance Limited Duration Income Fund EVV 3.67%
 Blackstone/GSO Strategic Credit Fund BGB 3.65%
 Wells Fargo Advantage Multi-Sector Income Fund ERC 3.64%
 Eaton Vance Short Duration Diversified Income Fund EVG 3.57%
 Prudential Short Duration High Yield Fund, Inc. ISD 3.56%
 MFS Intermediate Income Trust MIN 3.33%
 Deutsche High Income Opportunities Fund, Inc. DHG 2.47%
 Western Asset High Yield Defined Opportunity Fund Inc. HYI 2.37%
 Wells Fargo Advantage Income Opportunities Fund EAD 2.32%
 Western Asset High Income Opportunity Fund Inc. HIO 2.19%
 DoubleLine Opportunistic Credit Fund DBL 2.03%
 BlackRock Limited Duration Income Trust BLW 1.81%
 Franklin Limited Duration Income Trust FTF 1.76%
 Nuveen Mortgage Opportunity Term Fund JLS 1.72%
Total Number of Holdings:    25
Underlying Securities information represented above is as of 03/25/2015 but will vary with future fluctuations in the market.

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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