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First Trust Senior Loan ETF (CAD-Hedged)
FSL (First Trust Senior Loan ETF (CAD-Hedged)) is an active Commodities ETF by First. With a 1.01% MER, it provides diversified exposure. Monthly distribution with a 6.58% yield.
FSL is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.01% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 6.58% yield, making it attractive for income-seeking investors.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.