SPDR Bloomberg Investment Grade Floating Rate ETF

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Key stats

Assets under management (AUM)
‪2.29 B‬USD
Fund flows (1Y)
‪−606.13 M‬USD
Dividend yield (indicated)
5.73%
Discount/Premium to NAV
0.03%

About SPDR Bloomberg Investment Grade Floating Rate ETF

Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.15%
Home page
Inception date
Nov 30, 2011
Index tracked
Bloomberg US Floating Rate Notes (<5 Y)
Management style
Passive
ISIN
US78468R2004
FLRN provides solid exposure to broad investment-grade floating-rate notes. FLRN holds floating-rate notes that mature in five years or less, a majority of which are based on the 3-month LIBOR, with a fixed spread. As would be expected from a portfolio of floating-rate notes, the fund has minimal exposure to interest-rate move. FLRN excludes bonds with equity-linked features, such as warrants and convertibles, as well as inflation-linked bonds and securitized bonds. The market-value-weighted index is rebalanced monthly. FLRN is subject to LIBOR risk, this benchmark rate is intended to be phased out by the end of 2021 and there remains uncertainty regarding the LIBOR and the nature of any replacement rate.

Classification

Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Floating rate
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Government
Bonds, Cash & Other100.00%
Corporate74.55%
Government24.61%
Mutual fund0.70%
Miscellaneous0.13%
Cash0.01%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy