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PowerShares Senior Loan Portfolio ETF

Symbol: BKLN
Expense Ratio: 0.65%

Rising rates hurt many bonds, but not the kind of bank loans PowerShares Senior Loan Portfolio buys. Interest rates on the floating-rate loans, which banks issue to companies with junk credit ratings, are tied to a short-term benchmark and reset every 30 to 90 days. The fund, which yields 4.2%, holds the 115 largest and most widely traded loans—a good buffer for the debt’s above-average credit risk.

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