Saturday, March 22, 2014

Bank Loan ETF Ratings

Glyndon Park Initiates Ratings on Bank Loan ETFs.  With increasing signs that interest rates are moving higher these investments will increase returns to their holders.

Our ratings rely on a 1-5 scoring system with total scores aggregated into an overall rating which we've labeled:
Platinum
Gold
Silver
Bronze

Investors are encouraged to seek platinum and gold investments while avoiding bronze.


Criteria
Senior Loan Portfolio
SPDR Blackstone GSO
Senior Loan Fund
Pyxis/iBoxx Senior Loan ETF
Symbol
BKLN
SRLN
FTSL
SNLN
Inception
3/3/11
4/4/13
5/1/13
11/7/12





Return
(ETFdatabase)




YTD
0.68%
0.14%
0.96%
0.99%
1 Year
3.10%


3.80%
3 Year
14.44%



GP Score
4
1
4
4





Expenses
0.66%
0.90%
0.85%
0.55%
GP Score
4
2
2
5





Portfolio




Rate
4.14%
4.34%


SEC Yield 30 Day
4.16%
2.81%
3.29%
5.16%
GP Score
4
3
3
3
Credit Profile




CCC or unrated
9%
1%
2.5%

Non-Investment Grade above CCC
84%
86%
85%

GP Score
5
5
5
4





Profile




Size $mil
$7,418
$614
$171
$146
GP Score
5
4
3
3





GP Overall Score
22
15
17
19
Level
Platinum
Silver
Silver
Gold

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