FLOT

iShares Floating Rate Bond ETF

$50.78

+0.00%

Market closed. Last update: 2:18 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 $9.2B

Average Volume N/A

Dividend Yield 3.91%

52-Week Range $50.10 - $51.09

VWAP $50.81

Performance

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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.