FLRN

📎 Investment Objective

The SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg US Floating Rate Note < 5 Years Index.

✨ Key Features

• Invests in investment-grade floating rate notes with less than 5 years to maturity
• Seeks to track the performance of the Bloomberg US Floating Rate Note < 5 Years Index
• Designed to provide exposure to the floating rate note segment of the investment-grade bond market
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Interest rate risk: The value of the fund's investments may decline due to increases in interest rates
• Credit risk: The issuer of a security held by the fund may default on its obligation to pay principal and/or interest
• Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
• Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to the investment-grade floating rate note segment of the bond market, with a focus on short-term maturity. It may be particularly appealing to investors looking to manage interest rate risk in their fixed-income allocation.