Question 1

What is FSL?

Accepted Answer

FSL (First Trust Senior Loan ETF (CAD-Hedged) Common) is a Canadian-listed ETF trading on the TSX in the Floating Rate Loans category. It tracks the Morningstar LSTA US LL TR CAD.

Question 2

What is the FSL ETF price today?

Accepted Answer

FSL last traded at $15.95 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the FSL MER (management expense ratio)?

Accepted Answer

FSL has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, FSL is considered a low-cost ETF.

Question 4

What are FSL annualised returns?

Accepted Answer

FSL historical returns: YTD: -3.04%, 1-year: +1.88%, 3-year annualised: +5.18%, 5-year annualised: +3.81%, 10-year annualised: +3.22%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.80, which measures risk-adjusted return.

Question 5

Does FSL pay dividends or distributions?

Accepted Answer

Yes, FSL distributes income to unitholders. The current distribution yield is approximately 6.58%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does FSL invest in?

Accepted Answer

FSL's top holdings include First Trust Senior Loan Fund (FTSL, 99.3%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar LSTA US LL TR CAD.

Question 7

What sectors does FSL invest in?

Accepted Answer

FSL's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is FSL? (Assets under management)

Accepted Answer

FSL has approximately $59M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was FSL launched?

Accepted Answer

FSL was launched on August 27, 2013, giving it a 13-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy FSL in Canada?

Accepted Answer

FSL trades on the TSX under the ticker FSL. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is FSL?

Accepted Answer

FSL has a 1-year volatility of 2.37% and a beta of 0.03 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.80 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-20	$15.95	$15.95	$15.95	$15.95	$15.95	202
2026-07-17	$15.95	$15.95	$15.95	$15.95	$15.95	1,007
2026-07-16	$15.94	$15.94	$15.94	$15.94	$15.94	0
2026-07-15	$15.95	$15.95	$15.95	$15.95	$15.95	100
2026-07-13	$15.93	$15.93	$15.93	$15.93	$15.93	0
2026-07-10	$15.94	$15.94	$15.94	$15.94	$15.94	202
2026-07-09	$15.94	$15.94	$15.94	$15.94	$15.94	800
2026-07-08	$15.90	$15.90	$15.90	$15.90	$15.90	1,807
2026-07-07	$15.91	$15.91	$15.91	$15.91	$15.91	1,234
2026-07-06	$15.92	$15.92	$15.92	$15.92	$15.92	400

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

First Trust Senior Loan ETF (CAD-Hedged) Common (FSL : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — FSL