New York Stock Exchange · ETF
Invest in SLNZ ETF from India
Indian and foreign residents can buy TCW Senior Loan ETF (SLNZ) units directly through Paasa.
By Paasa · Updated
SLNZ at a glance
- Price
- $45.57-$0.05 (0.10%)
- Expense ratio
- 0.65%
- Day range
- $45.57 – $45.70
- Assets
- $221.6M
- Domicile
- the US
- Holdings
- 343
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -0.56%
- 6 months
- +0.99%
- YTD
- -1.25%
- 1 year
- -3.07%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST7.6%
- 2SSC GOVERNMENT MM GVMXX1.1%
- 3TKO WORLDWIDE HOLDINGS LLC 2026 TERM LOAN B0.8%
- 4PEER HOLDING III BV 2025 USD TERM LOAN B4B0.8%
- 51011778 BC UNLIMITED LBLTY CO 2024 TERM LOAN B60.7%
- 6SURF HOLDINGS LLC 2025 INCREMENTAL TERM LOAN0.7%
- 7JAZZ FINANCING LUX SARL 2024 1ST LIEN TERM LOAN B20.7%
- 8ACADIA HEALTHCARE CO INC TERM LOAN A0.7%
- 9WALMART INC SR UNSECURED 04/35 4.90.6%
- 10KELSO INDUSTRIES LLC TERM LOAN0.6%
SLNZ holds 343 securities in total. These 10 are 14.2% of the fund.
Where the money is invested
Countries
- Other93.1%
- United States6.5%
- Netherlands0.2%
- United Arab Emirates0.1%
- Spain0.1%
How to invest in SLNZ from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search SLNZ and buy
Find the fund by its ticker, SLNZ, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SLNZ from India
What SLNZ holds
The TCW Senior Loan ETF (SLNZ) offers investors significant advantages in terms of portfolio diversification, showing a low correlation with conventional fixed income assets. A key benefit is its reduced vulnerability to interest rate fluctuations, primarily due to the inherent floating-rate nature of its underlying senior loans.
Hold a dollar asset
SLNZ is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SLNZ unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SLNZ from India?
Yes. Indian residents can buy TCW Senior Loan ETF (SLNZ) through Paasa. It is listed on the New York Stock Exchange and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does SLNZ invest in?
TCW Senior Loan ETF holds 343 securities. Its largest holdings are TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST (7.6%), SSC GOVERNMENT MM GVMXX (1.1%) and TKO WORLDWIDE HOLDINGS LLC 2026 TERM LOAN B (0.8%). It is a distributing fund domiciled in the US.
What is the expense ratio of SLNZ?
TCW Senior Loan ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $221.6M.
How are SLNZ dividends taxed in India?
TCW Senior Loan ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SLNZ?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one SLNZ unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $45.57, and there is no minimum trade size.
What happens to my SLNZ units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.