The First Trust Senior Floating Rate 2022 Target Term Fund, referred to as "the Fund," functions as a diversified, closed-end investment management entity. Its core objectives are to achieve significant current income and to distribute $9.85 per common share to its shareholders by approximately February 1, 2022. This distribution amount signifies the original net asset value per share, prior to a $0.02 per common share deduction for offering expenses. The Fund primarily allocates around 80% of its managed capital to a portfolio consisting of senior secured floating-rate loans, which are also known as senior loans and can be of any maturity. Trust Advisors L.P. is responsible for managing the Fund's investments.
Sector exposure data isn't available for this fund yet.
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