ETFs › FLRN

SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN)

floating-rate investment-grade monthly-dividends

This ETF focuses on investment-grade floating rate notes, offering potential for higher yield than money market funds with less interest rate risk than fixed-rate bonds. It provides exposure to bonds whose interest payments adjust to reflect changes in short-term rates. The fund's floating rate focus may appeal to investors looking for income with reduced interest rate sensitivity.

Key Info

AUM $3.1B
Expense Ratio 0.15%
Inception Date November 30, 2011
Distribution Frequency Monthly
Weighting Method Market Cap
Number of Holdings 524
Tracking Index Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index

See Also

FLOT TFLO USFR

Last updated: September 6, 2024