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Is It Time For Floating-Rate Bank Loans?
Morningstar • Fri, Apr 19 • 10 Comments
Keeping Your Portfolio Afloat In Senior Loans
Michael Fabian • Wed, Apr 17 • 13 Comments
Is It Time For A Floating-Rate Bank Loan Fund In Your Portfolio?
Morningstar • Fri, Dec 28, 2012 • 17 Comments
Are Bank-Loan Funds Ready To Be Loved Again?
Morningstar • Wed, Oct 10, 2012 • 3 Comments
ETF Spotlight: PowerShares Senior Loan Portfolio
Tom Lydon • Mon, Jul 25, 2011
Guggenheim Plans Active Senior Loan ETF
Michael Johnston • Wed, May 11, 2011 • 1 Comment
PowerShares Senior Loan Portfolio ETF Offers Yield and Rising Rate Protection
Frank J. Constantino • Sun, Apr 17, 2011 • 3 Comments
BKLN: The First Senior Loan ETF
Ron Rowland • Thu, Mar 10, 2011 • 8 Comments
New ETF Addresses Inflation Concerns
Tom Lydon • Fri, Mar 4, 2011
PowerShares' New Senior Loan ETF Starts Trading
Tom Lydon • Thu, Mar 3, 2011

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Interest Rates Up - Variable Loan CEFs And BDCs Down, What's Up?
Daniel R Moore • Mon, Jun 10 • 25 Comments
Are Rising Rates Giving This Inverse ETF A Shot At Redemption?
Morningstar • Mon, Jun 10 • 4 Comments
Data Shows Why Rates Will Continue Higher In 2013 - What To Do Now
Daniel R Moore • Mon, Jun 3 • 29 Comments
6%-Plus Yields On Investments Set To Benefit From Fed Tapering / Ending QE
Mike the PhD • Wed, May 29 • 16 Comments
Do Income Investors Have Anywhere To Hide?
Michael Fabian • Fri, May 24 • 8 Comments
2 Bond ETFs That Have Had A May Meltdown
David Fabian • Fri, May 24 • 1 Comment
Bank Loan, Floating Rate ETFs For Rising Interest Rates
Tom Lydon • Wed, May 1 • 7 Comments
Why 'Dr. Doom' Is Buying Stocks (Why I Will Wait On Stock ETFs)
Gary Gordon • Tue, Apr 30 • 15 Comments
Bank Loan ETFs: More Competition In Red-Hot Sector
Tom Lydon • Mon, Apr 29 • 1 Comment
3 Ways To Play Rising Interest Rates
Michael Fabian • Thu, Apr 18 • 12 Comments
Investors Flock To Floating Rate ETFs On Interest Rate Fears
Sandeep Godiyal • Tue, Apr 16
High-Yield Bond ETFs That Protect Against Rising Interest Rates
Tom Lydon • Mon, Apr 15
Record Market Performance Drives Record ETP Inflows, Assets Under Management In Q1
Deborah Fuhr • Mon, Apr 15 • 1 Comment
ETFs Rake In $53 Billion In Q1
Morningstar • Thu, Apr 11
Floating Rate ETF Triples In Size On Rising Rate Fears
Tom Lydon • Thu, Apr 11 • 1 Comment
Senior Loan ETFs Yielding 6% Face New Actively Managed Rival
Tom Lydon • Fri, Apr 5 • 6 Comments
Bank Loan ETFs Hot On High Yields, Rising Rate Fears
Tom Lydon • Tue, Mar 26 • 1 Comment
3 ETFs To Hedge Inflation
Matthew D. McCall • Mon, Mar 11 • 7 Comments
Our 5 Favorite ETFs Launched In The Past 6 Months
Morningstar • Thu, Mar 7
Bank Loan ETFs Offer 4% Yields, Protection From Rising Rates
Tom Lydon • Wed, Feb 27 • 4 Comments

There are no Transcripts on BKLN.

Money Talks: 5 money moves to cushion a bond-market meltdown

at MarketWatch.com (Jan 17, 2013)
Stocks Drift - Is it the Fed or the 'Fiscal Cliff?'

at CNBC.com (Dec 13, 2012)
Peter Brimelow: Battered bull snorts at europhoria

at MarketWatch.com (Dec 12, 2011)
Wait for 'Supercommittee' Before Buying Stocks: Wealth Manager

at CNBC.com (Aug 23, 2011)
Peter Brimelow: Sound Advice worries about gold

at MarketWatch.com (Apr 28, 2011)

BKLN vs. ETF Alternatives

BKLN Description

The PowerShares Senior Loan Portfolio (Fund) is based on the S&P/LSTA U.S. Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: A Guide to U.S. Corporate Bond ETFs
Asset Class Performance: Bonds

All
| Earnings
| Dividends
| M&A
| On the move

Friday, June 7, 3:20 PM The rout in junk bonds over the last 5 weeks is well known, but now leveraged loans (BKLN, SNLN) have joined the tumble, notes Barclays. It suggests credit is becoming an issue along with higher rates as leveraged loans are floating rate and would seemingly be unaffected by rising Treasury yields. Also affected are short-term high-yield ETFs: HYS, SJNK. Comment! [Financials]
Saturday, June 1, 8:48 AM YTD junk bond issuance hits $254B globally, up 53% Y/Y. In the U.S., issuance is up 24% at $130.6B in the first five months of the year and some say the frothy market (see: 5% yield barrier broken) is ripe for a correction. In fact, data suggest cracks are already starting to show in the secondary market: investors pulled a combined $660M from HYG and JNK last week, as fears mount regarding the dreaded "taper". (Previously: Lousy month for high yield; anomalous high yield/ muni spread tightens) 1 Comment
Friday, May 31, 3:04 PM A nasty close is in store for a lousy month for high yield (HYG -1%) as it loses some appeal amid now-visible Treasury rates. The yield spread over Treasurys was nearly 500 bps a year ago, but just 400 now. Through yesterday, investors have pulled about $1.5B from HYG and JNK according to IndexUniverse. Not falling as far as the index funds and actually seeing inflows this month is AdvisorShares' actively-managed high yield ETF (HYLD). 1 Comment
Friday, May 24, 11:54 AM A bit of selling by investors in high-yield ETFs (HYG, JNK) has Wall Street banks stepping in - their holdings of junk paper rising 37% to $7.7B in the last 2 weeks. Also at work suggests JPMorgan's team is banks' - used to being cautious the past few years - becoming a little more comfortable with trading activity. Comment! [Financials]
Thursday, May 23, 10:12 AM The ProShares High Yield-Interest Rate Hedged ETF (HYHG) starts trading today joining the likes of HYLS and THHY. The fund will short Treasurys to offset its exposure to high-yield corporate debt and comes with an expense ratio of 0.50% - significantly lower than THHY (1.45%) and HYLS (1.19%). Comment!
Monday, May 20, 12:30 PM The hot market for corporate junk (HYG, JNK) has pushed the yield on high-yield corporates (4.88%) well below that of high-yield municipals (5.22% nominally, over 8% on a tax-equivalent basis). The nominal spread of 34 bps is down from 56 bps a week ago as investors take notice of the anomaly. High-yield muni ETFs: HYD, HYMB, XMPT. 4 Comments
Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
Friday, May 10, 5:57 AM Don't panic, Moody's says, there's "no strong evidence that recent [corporate debt] issuance levels presage a damaging correction." The notion that a bubble is building in the corporate bond market isn't reflected in credit spreads which, for both investment grade (LQD) and high yield (HYG, JNK), are closer to long-run averages than they are to alarmingly tight. Furthermore, the ratings agency says a surge in issuance reflects the "disintermediation of the banking sector" and notes that the proportion of total corporate liabilities comprised of debt securities hasn't significantly increased over the past two years." We can all rest easy now. (previous) 2 Comments
Wednesday, May 8, 11:38 AM The 5% yield barrier on junk bonds (HYG, JNK) is broken for the first time ever, the Barclays U.S. High Yield Index sliding to 4.97% (prior to Jan., the yield had never fallen below 6%). Spreads to Treasurys remain at a not-unreasonable 406 bps, far wider than the record-tight 223 points reached just as the gates of financial heck were about to open in 2007. In the meantime, the equity of highly non-wobbly companies like RDS.A, VOD, and GSK yields in the area of 5%. "We don't want to question the market," writes the FT's David Keohane, "but: what the (heck)?" 7 Comments
Monday, May 6, 1:04 PM It's an easy market to hate, but junk bond prices (HYG, JNK) keep going higher, the yield on the benchmark BAML index hitting an all-time low of 5.084%. The spread to Treasurys - treading water for awhile at 475 bps - has broken through that resistance, and is now at 4.33%. The Fed's role here is well-documented, but the latest meme has the BOJ's easing efforts as forcing a fresh wave of cash into the sector. 8 Comments
Thursday, May 2, 4:18 PM Thursday saw the launch of the First Trust Senior Loan ETF (FTSL), an actively managed alternative to funds like BKLN, SRLN and SNLN. Volume topped out at over 50,000 shares - a relatively strong first day of trading for a new ETF. Sr. Loan funds have seen massive inflows YTD with BKLN gathering the 6th most assets of any ETF according to IndexUniverse and SRLN gathering $155M in AUM in the month since it debuted. FTSL charges 0.85% - slightly less than actively managed counterpart SRLN (0.90%). Passively managed BKLN is the asset leader in the space with nearly $3.8B in AUM and charges 0.66% while SNLN ($77M AUM) is the cheapest of the group with expenses of just 0.55%. Comment!
Tuesday, April 16, 11:21 AM High yield funds (HYG, JNK) may be out of favor, but senior bank loan ETFs are getting the business, having grown AUM by $18B so far this year, more than the $11.5B for all of 2012. Senior bank loans (BKLN, SNLN) are of similar credit quality to junk bonds, but have the attraction of being floating rate and higher up in the corporate structure. Investment grade funds are available too: FLOT, FLRN, FLTR. Comment! [Financials]
Friday, April 12, 12:46 PM More from Gundlach: Bond indexing has been a wonderful strategy for many years, but now the well-followed indexes (BND, AGG) have too short of a duration and are overloaded with Treasurys. The value is in non-traditional sectors like emerging markets (EMB), non-agency MBS, bank loans (BKLN), and global high yield (GHYG). 4 Comments [U.S. Economy, Financials]
Friday, April 12, 12:28 PM Fixed-income may not be being given away as it was in 2010, but there's still value, says Jeff Gundlach, scoffing at talk of a bond bubble. "Raise your hand" if you own Treasurys for yourself or a client, he asked a room full of advisors (none went up). Bonds are not "over-owned" in the U.S., he says, showing cash and fixed income make up a higher percentage of household financial assets in other countries. 5 Comments [U.S. Economy]
Thursday, April 4, 3:37 PM State Street lists the SPDR Blackstone/GSO Senior Loan ETF (SRLN). SRLN will invest primarily in loans made to N. American businesses and charge a fee of 0.90%, higher than direct competitors BKLN 0.83% and SNLN 0.55%. BKLN has gathered $3B in AUM since launching 2 years ago while SNLN has gathered nearly $61M in 5 months. Comment!
Friday, March 22, 10:25 AM The recently announced Market Vectors Treasury-Hedged High Yield Bond ETF THHY starts trading today. The fund invests in high-yield bonds, but hedges interest rate risk by shorting Treasurys. It comes with a high expense ratio of 1.45% as compared to similar funds HYLS (1.19%), GYLD and MINC (0.75%). Comment!

7of9
Replace some of $BKLN holdings with $EVF. Hard to get the entire order filled for $EVF as sellers are trading small lots.
Apr 29, 2:58 PM
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Qniform: EVF is an entirely different category than BKLN. More than 35% leverage is an completely different risk profile.
Apr 30, 1:14 AM
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diepwjulius
Screw BKLN, go NLY!
8/9/11
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diepwjulius
losbronces is right, try trading BKLN in blocks of 10k.
8/9/11
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diepwjulius
Risk off is on, but I have 20 yrs. ahead of me before I shoot myself at 40 during mid-life crisis. Also like hard assets/floating rate BKLN
8/3/11
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LATEST REPLIES

7of9
Replace some of $BKLN holdings with $EVF. Hard to get the entire order filled for $EVF as sellers are trading small lots.
Apr 29, 2:58 PM
Reply (1)

• !Report Abuse
View all 1 replies
Qniform: EVF is an entirely different category than BKLN. More than 35% leverage is an completely different risk profile.
Apr 30, 1:14 AM
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140 characters

BKLN PowerShares Senior Loan Portfolio ETF

BKLN

PowerShares Senior Loan Portfolio ETF