FLOT

iShares Floating Rate Bond ETF

$50.97

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The iShares Floating Rate Bond ETF (FLOT) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds.

Overview

ETF tracking iShares Floating Rate Bond ETF

Category Fixed Income

Issuer BlackRock

Inception Date 2017-08-02

Market Cap $9.0B

Average Volume N/A

Dividend Yield 4.05%

52-Week Range $50.10 - $51.09

VWAP $50.97

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The iShares Floating Rate Bond ETF (FLOT) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds.

🎯 Investment Strategy

The fund invests in a portfolio of floating rate bonds that have a remaining maturity of less than 5 years. The portfolio is designed to provide exposure to the performance of the short-term U.S. dollar-denominated floating rate bond market.

✨ Key Features

Invests in short-term, investment-grade floating rate bonds
Seeks to provide a steady stream of income with limited interest rate risk
Aims to offer protection against rising interest rates
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is exposed to the credit risk of the underlying bond issuers
Liquidity risk: The fund may have difficulty trading certain bonds, especially during periods of market stress
Interest rate risk: While the floating rate structure provides some protection, the fund is still subject to interest rate fluctuations
Concentration risk: The fund's focus on a specific bond segment may make it more volatile than a more diversified fixed income fund

👤 Best For

The iShares Floating Rate Bond ETF may be suitable for investors seeking a low-risk, low-duration fixed income investment that can provide a steady stream of income and some protection against rising interest rates. It may be particularly useful as a cash management or short-term bond allocation within a diversified portfolio.

Top Holdings

Rank	Name	Weight	Sector
1	INTERNATIONAL BANK FOR RECONSTRUCT MTN	1.19%	Supranational
2	EUROPEAN BANK FOR RECONSTRUCTION A MTN	1.10%	Supranational
3	INTERNATIONAL BANK FOR RECONSTRUCT	1.04%	Supranational
4	EUROPEAN BANK FOR RECONSTRUCTION A MTN	1.00%	Supranational
5	INTERNATIONAL FINANCE CORP MTN	0.93%	Supranational
6	EUROPEAN BANK FOR RECONSTRUCTION A MTN	0.93%	Supranational
7	INTERNATIONAL BANK FOR RECONSTRUCT	0.90%	Supranational
8	INTERNATIONAL BANK FOR RECONSTRUCT	0.85%	Supranational
9	INTERNATIONAL BANK FOR RECONSTRUCT	0.83%	Supranational
10	INTERNATIONAL BANK FOR RECONSTRUCT MTN	0.82%	Supranational
11	INTER-AMERICAN DEVELOPMENT BANK MTN	0.78%	Supranational
12	INTER-AMERICAN DEVELOPMENT BANK MTN	0.77%	Supranational
13	INTER-AMERICAN DEVELOPMENT BANK MTN	0.77%	Supranational
14	KOMMUNALBANKEN AS MTN 144A	0.76%	Owned No Guarantee
15	INTER-AMERICAN DEVELOPMENT BANK	0.76%	Supranational