First Trust Senior Floating Rate 2022 Target Term Fund is a diversified, closed-end management investment company. The investment objectives of the Fund are to seek a high level of current income and to return $9.85 per Common Share of beneficial interest of the Fund (the original net asset value per Common Share before deducting offering costs of $0.02 per Common Share) to the holders of Common Shares on or about Feb. 1, 2022. Under normal market conditions, the Fund pursues its investment objectives by investing at least 80% of its Managed Assets in a portfolio of senior secured floating-rate loans of any maturity. The FIV average annual return since 2016 is shown above.
The Average Annual Return on the FIV average annual return since 2016 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether FIV average annual return since 2016 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the FIV average annual return calculation with any dividends reinvested as applicable (on ex-dates).
|