FTSL vs USHY: Holdings Overlap
FTSLFirst Trust Senior Loan Fund
First Trust · 282 holdings · $2.3B · as of 2026-04-30
USHYiShares Broad USD High Yield Corporate Bond ETF
iShares · 1896 holdings · $28.6B · as of 2026-04-30
How similar are FTSL and USHY?
First Trust Senior Loan Fund (FTSL, by First Trust) holds 282 positions; iShares Broad USD High Yield Corporate Bond ETF (USHY, by iShares) holds 1896. They have 42 holdings in common, and by portfolio weight the two funds are 3.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 42FTSL holds 282 · USHY holds 1896
- Weight in Shared Holdings
- FTSL 10%·USHY 4%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FTSL
240 of 282 positions (85.1% of the fund) are not held by USHY. Showing the top 30 by weight.
- WHATABRANDS LLC 08/03/282.04%
- ATHENAHEALTH GR 02/14/291.80%
- IRB Holding Corp., Term Loan B1.59%
- WHITE CAP BUYER 10/19/291.30%
- TRANSDIGM INC T 03/22/301.24%
- TAMKO BUILDING 09/20/301.24%
Only in USHY
1854 of 1896 positions (93.0% of the fund) are not held by FTSL. Showing the top 30 by weight.
- 1261229 BC Ltd0.47%
- Quikrete Holdings Inc0.28%
- SV RNO Property Owner 1 LLC0.27%
- Cloud Software Group Inc0.26%
- WULF Compute LLC0.25%
- Asurion LLC/ Asurion Co-Issuer Inc0.25%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FTSL | +0.8% | +1.5% | +4.0% | +6.8% | +5.2% | +4.4% | 6.36% |
| USHY | +0.3% | +2.5% | +5.7% | +8.7% | +4.2% | — | 6.91% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FTSL vs USHY →
Shared Holdings(42)
The top 10 shared positions account for 52% of the overlap, led by EchoStar Corp., Cloud Software Group, Inc. and DISH Network Corp..
| EchoStar Corp. | 0.40% | 0.41% | 0.40% |
|---|---|---|---|
| Cloud Software Group, Inc. | 0.41% | 0.25% | 0.25% |
| DISH Network Corp. | 0.48% | 0.21% | 0.21% |
| Panther Escrow Issuer LLC | 0.48% | 0.21% | 0.21% |
| 1011778 BC ULC / New Red Finance Inc. | 0.70% | 0.19% | 0.19% |
| Neptune Bidco US, Inc. | 0.25% | 0.18% | 0.18% |
| QXO Building Products, Inc. | 0.84% | 0.16% | 0.16% |
| Rocket Cos., Inc. | 0.29% | 0.15% | 0.15% |
| TransDigm, Inc. | 0.13% | 0.11% | 0.11% |
| Jane Street Group / JSG Finance Inc. | 0.12% | 0.11% | 0.11% |
| Sinclair Television Group, Inc. | 0.29% | 0.11% | 0.11% |
| Rocket Cos., Inc. | 0.10% | 0.13% | 0.10% |
| Tenet Healthcare Corp. | 0.20% | 0.10% | 0.10% |
| PetSmart LLC / PetSmart Finance Corp | 0.10% | 0.14% | 0.10% |
| Talen Energy Supply LLC | 0.21% | 0.09% | 0.09% |
| BELRON 5.75 10/15/29 144a | 0.17% | 0.08% | 0.08% |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | 0.15% | 0.08% | 0.08% |
| Performance Food Group, Inc. | 0.13% | 0.07% | 0.07% |
| TransDigm, Inc. | 0.14% | 0.07% | 0.07% |
| Performance Food Group, Inc. | 0.20% | 0.07% | 0.07% |
| CSC Holdings, LLC | 0.61% | 0.07% | 0.07% |
| GFL Environmental, Inc. | 0.38% | 0.07% | 0.07% |
| Post Holdings, Inc. | 1.16% | 0.07% | 0.07% |
| Osaic Holdings, Inc. | 0.11% | 0.07% | 0.07% |
| Builders FirstSource, Inc. | 0.11% | 0.07% | 0.07% |
Frequently Asked Questions
How much do FTSL and USHY overlap?
FTSL and USHY overlap by 3.8% of portfolio weight. They share 42 holdings (FTSL holds 282 positions and USHY holds 1896), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTSL and USHY?
The two portfolios are 3.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FTSL and USHY?
The largest positions held by both funds are EchoStar Corp., Cloud Software Group, Inc., DISH Network Corp., Panther Escrow Issuer LLC and 1011778 BC ULC / New Red Finance Inc.. Together the top 10 shared positions account for 52% of the total overlap.
What does FTSL own that USHY doesn't?
240 positions (85.1% of FTSL) are unique to FTSL, led by WHATABRANDS LLC 08/03/28, ATHENAHEALTH GR 02/14/29 and IRB Holding Corp., Term Loan B. In the other direction, 1854 positions (93.0% of USHY) are unique to USHY.