CEF Advisors AICA Event NAVigator Podcast

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FS Specialty Lending Fund (FSEN)

BDC - Debt Focused BDC

Data as of Dec. 6, 2024
Current
Market Price $2.50 ( $0.00)
NAV (Sept. 30, 2024) $3.41 ( $0.00)
Fund Listed NYSE
Premium / Discount -26.69% (0.00%)
Fund Info
Inception July 18, 2011
Sponsor FS/EIG Advisor
Website https://fsinvestments....
Phone (212) 993-1670
Location Pennsylvania
Incorporated Delaware
Staggered Board No
Term Date N/A
Objective:
Related Indexes
High Income Index
Capital & Leverage
Outstanding Shares 455,506,155
Total Assets (Reported: Sept. 30, 2024) $1,986M
Estimated Total Assets $2,583M
Net Assets $1,553M
Market Cap $1,139M
Portfolio Turnover 61.20%
Debt-to-Equity 0.2547
Total Leverage 39.87%
Structural Leverage (out of total) 50.00%
Portfolio Leverage (out of total) 50.00%
Expense Ratio 5.60%
Non Lev Exp Ratio 3.26%
Gross Asset Expense Ratio 4.39%
Gross Asset Non Lev Exp Ratio 2.56%
Rel Lev Cost 4.59%
Discount Data
Average Discount (3 Yr) -33.19%
Discount Low(3 Yr) -56.59%
Discount High(3 Yr) -17.99%
Discount Rel Range (3 Yr) 77.47%
Comp Discount -23.96
Discount St Dev (1Yr) 6.88
Z-Stat
Z-Stat (6mo) 1.01
Z-Stat (1Yr) 1.02
Z-Stat (3Yr) 0.87
Comp Z-Stat (6mo) 0.79
Comp Z-Stat (3Yr) 0.46
Distribution Data
Market Yield 13.65%
Income Yield 13.65%
Lev Adj NAV Yield 7.15%
Av Yield on Debt Investments 10.20
Distribution Frequency Q
Current Distribution $0.085
Current Income $0.085
Ex-Date 10/18/24
Payable Date 10/21/24
Div Growth (3yr) 184.33%
Dividend Change -1.6% on 10/18/24
Expected Div 12/23/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $41
Avg Volume 30 day 36,708
Avg Volume 90 day 16,347
Volume Trend 124.55%
Comp Volume Trend 107.96%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
-4.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
-14.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
14.0%
Most Correlated Peer (Mk Pr): GAIN 28.0%
Price St Dev (1Yr) 90.2%
NAV St Dev (1Yr) 2.1%
Earnings
Earnings / Share (9/30/24) $0.068
Adj Core NII Coverage 79.91%
1 Yr Avg NII Coverage 480.24%
1 Yr Avg Adj Core NII Coverage 480.31%
NII Trend -17.82%
Adj Core NII Trend -17.66%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
-0.60
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
-0.42
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
-0.23
Portfolio Data
Avg Libor Floor % 1.01%
% Loans with Libor Floor 68%

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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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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