Seeking Alpha

SSgA cuts the expense ratio on its Senior Loan ETF

  • The SPDR Blackstone/GSO Senior Loan ETF (SRLN) dropped its management fee in a regulatory filing this morning, from 0.90% to 0.70%.
  • This cut leaves the First Trust Senior Loan ETF (FTSL) as the most expensive senior loan ETF on the market.
  • SRLN launched in April 2013 and none of the senior loan ETFs have seen positive returns in that time period.
  • Other senior bank loan ETFs: BKLN, SNLN
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