A senior bank loan is a loan that holds a legal claim to the borrower's assets that comes before all other debts.

The investment seeks high current income. To pursue its goal, the fund invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and ...

The fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Most assets are typically invested ...

BlackRock today announced the launch of the iShares Broad USD Floating Rate Loan ETF (CBOE: USLN), the firm’s first index-based ETF providing access to U.S. dollar-denominated leveraged loans. The U.S ...

iShares AAA CLO Active ETF (CLOA) invests in senior CLO tranches that provide priority access to cash flows from underlying corporate loans. With a largely floating-rate structure, investors often ...