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.
New Bond Fund for Investors Hungry for Yield
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.