Concorde Asset Management disclosed a new stake in the First Trust Senior Loan Fund (NASDAQ: FTSL), acquiring 73,167 shares in an estimated $3.31 million transaction.
The purchase was revealed in a Securities and Exchange Commission filing dated June 1, 2026, based on quarterly average pricing for the period.
The quarter-end valuation of the new position rose by $3.28 million following the transaction, reflecting pricing movement during the reporting period.
The FTSL stake represented approximately 1.61% of Concorde Asset Management’s total 13F reportable assets under management after the filing.
Concorde’s largest reported holdings include broad-market ETFs such as IVV at $13.65 million, QQQ at $6.67 million, SPMO at $5.97 million, SPY at $5.73 million, and BUFR at $5.09 million.
Adding a senior loan fund alongside those equity-heavy holdings appears aimed at boosting income while reducing interest-rate sensitivity within client portfolios.
FTSL is an actively managed ETF with an asset base of $2.3 billion, focused on first lien senior floating-rate bank loans primarily issued by North American businesses.
The fund’s portfolio can allocate up to 20% toward other debt and equity securities, with investment objectives centered on high current income and capital preservation.
The fund’s effective duration stands at just 0.62 years, which helps limit exposure to rising interest rates compared to traditional fixed-income products.
FTSL currently carries a 30-day SEC yield of 6.4%, and its share price stood at $44.94 as of May 31, 2026, representing a decline of 2% over the prior year.
The fund’s floating-rate structure means income can adjust as interest rates move, making it a different source of return compared to Concorde’s otherwise equity-focused holdings.
The tradeoff for investors is credit risk, as a significant portion of the portfolio is allocated to below-investment-grade credits, including large positions in B-rated loans.
