Key stats
About iShares Treasury Floating Rate Bond ETF
Expense ratio
0.15%
Home page
Inception date
Feb 3, 2014
ISIN
US46434V8607
TFLO targets the floating-rate US Treasury space (or FRNs) without regard to maturities. US Treasury FRNs remain index eligible until they mature. As FRNs reset their coupon rate weekly based on the most recent 90-day T-bill auction (interest is paid quarterly), they offer an extremely low-risk place to park ones cash with minimal interest-rate sensitivity, which should appeal to those concerned about potential rising rates. Of course, that also means reinvestment risk and low returns should rates fall. The index is rebalanced on the last business day of every month.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.99%
Cash0.01%