CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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First Trust Senior Floating Rate 2022 Target Term Fund (FIV)

Taxable Bond Funds - Loan Participation

Data as of Dec. 6, 2019
Market Price $9.12 (+ $0.02)
NAV (Dec. 6, 2019) $9.56 (+ $0.02)
Premium / Discount -4.60% (+0.01%)
Fund Info
Inception Dec. 21, 2016
Sponsor First Trust Advisors
Website https://www.ftportfoli...
Objective: High level of current income and to return $9.85 per common share of beneficial interest ("Common Share") of the Fund (the original net asset value ("Original NAV") per Common Share before deducting offering costs of $0.02 per Common Share) to the holders of Common Shares on or about 2/1/2022.
Related Indexes
Senior Loan Index
60/40 Balanced (w/ BDCs) Index
US Bond Index
Capital & Leverage
Outstanding Shares 35,831,569
Total Assets (Reported: May 31, 2019) $497M
Estimated Total Assets $478M
Net Assets $343M
Market Cap $327M
Purchases Turnover 94.72%
Sales Turnover 94.76%
Total Leverage 28.27%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.66%
Non Lev Exp Ratio 1.38%
Rel Lev Cost 3.09%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -8.49%
Discount High(3 Yr) 5.21%
Discount Rel Range 28.35%
Comp Discount 3.96
Discount St Dev (1Yr) 0.88
Z-Stat (6mo) 1.43
Z-Stat (1Yr) 1.65
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.67
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 3.66%
Income Yield 3.66%
Lev Adj NAV Yield 2.72%
Distribution Frequency M
Current Distribution $0.028
Current Income $0.028
Ex-Date 12/2/19
Payable Date 12/16/19
Div Growth (3yr) %
Dividend Change -8.3% on 10/21/19
Expected Div 12/19/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018
Income 100%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $1,031
Avg Volume 30 day 98,136
Avg Volume 90 day 113,034
Volume Trend -13.18%
Comp Volume Trend -18.37%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): BSL 46.0%
NAV - Price Correlation (30 d) 37.8%
NAV - Price Correlation (90 d) 50.2%
NAV - Price Correlation (1 Yr) 80.8%
Price St Dev (1Yr) 9.3%
NAV St Dev (1Yr) 3.6%
Earnings / Share (5/31/19) $0.040
Earn Coverage 144.60%
Earnings Trend Up
UNII / Share (5/31/19) $0.031
Rel UNII 9.35
UNII Trend Up
Bond Specific Data
Maturity 4.67
Duration 0.43
Credit Rating (rbo) BB
Investment Grade 10.97%
Non Investment Grade 87.97%
Unrated Bonds 1.06%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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