Concorde Asset Management has acquired 73,167 shares of the First Trust Senior Loan Fund (FTSL), valued at approximately $3.31 million, representing 1.6% of its assets under management. This investment aims to enhance income while reducing interest rate sensitivity, as FTSL focuses on floating-rate senior secured loans, appealing to income-oriented investors.
Concorde Asset Management's recent $3.31 million investment in the First Trust Senior Loan Fund (FTSL) highlights a strategic move to enhance income while minimizing interest rate sensitivity. This ETF, with a 6.4% yield, focuses on senior secured bank loans offering floating-rate exposure. For investors like you, this suggests an opportunity to diversify into assets that provide high current income and capital preservation, especially in a rising rate environment.