FLOTiShares Floating Rate Bond ETF

Get income15y track recordRanked #68 of 1,622 in this goal

Seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds.

By iShares · Launched 2011

Annual Cost

0.15%

#740 of 5,562 · low cost

Fund Size

$9.5B

#285 of 5,562 · large

Dividend YieldGoal

4.60%

Track Record

15 years

#898 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,437+4.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Bloomberg US Floating Rate Note ? 5 Years Index

What it actually holds

By weight

Concentration

Top 10 holdings = 11.1% of fund✓ well diversified

BlackRock Funds III

2.3%

INTL BK RECON & DEVELOP

1.2%

EUROPEAN BK RECON & DEV

1.1%

BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES

1.0%

INTL BK RECON & DEVELOP

1.0%

EUROPEAN BK RECON & DEV

1.0%

INTL FINANCE CORP

0.9%

EUROPEAN BK RECON & DEV

0.9%

INTL BK RECON & DEVELOP

0.9%

INTL BK RECON & DEVELOP

0.8%

Asset allocation

Bonds

94.1%

Cash

5.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.8%Low

Year-on-year price swings

Max drawdown

-13.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.42Strong risk-adjusted returns

Sortino (3Y)

1.84Good downside protection

Bond profile

Duration

4.3 years

Avg maturity

10.0 years

Credit ratings

US Government

23.9%

AAA

24.0%

23.4%

47.0%

BBB

5.6%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade floating rate bonds.
Strategy: Tracks the Bloomberg US Floating Rate Note ? 5 Years Index, which measures U.S. dollar-denominated, investment-grade floating rate notes with maturities of 1-5 years. The Fund invests primarily in securities that pay a variable coupon rate based on a reference rate like SOFR. It uses a representative sampling strategy to manage the Fund, aiming to keep portfolio turnover low and achieve lower costs compared to actively managed funds.
Inception date: June 14, 2011
Fund family: iShares