NEW YORK ( TheStreet) -- As the investor quest, make that need, for yield goes on, ETF providers continue to offer new funds in increasingly specialized segments of the fixed-income market that provide the opportunity for better payouts. One of the most recent funds in this space is the SPDR Blackstone/GSO Senior Loan Fund (SRLN).As the name implies, SRLN invests in senior loans, which according to the fund's literature are defined as "first lien senior secured floating rate bank loans." The rates on these senior loans reset every 90 days which makes the duration of the fund very short. The benefit is that if interest rates start to move meaningfully higher, the value of the underlying loans and of the fund should not decline as many bond funds will.
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