About FLOT ETF
Overview: The Blackrock Floating Rate Bond ETF (FLOT) tracks an index of investment-grade floating rate corporate bonds with maturities of 0-5 years. These bonds pay a variable coupon rate, the majority of which vary with the 3-month LIBOR. The fund may hold these variable rate bonds from large-, mid-, or small-cap corporations that are US registered, or denominated in US dollars, as well as government and supranational entities. About the Fund Manager: BlackRock was incorporated in 1988 and is today the world's largest asset manager with $6.5 trillion in assets under management as of April 2019. It is one of the world's leading providers of investment, advisory and risk management solutions. Recommended for: Asset Preservation Additional Information: Fund Factsheet
Returns
| Performance | YTD | 1Y | 3Y | 5Y |
|---|---|---|---|---|
| Blackrock Floating Rate Bond ETF | 0.20% | 6.76% | 1.99% | 1.96% |
Asset Class
Asset type breakdown
FLOT Holdings - Top 10
| Namei | Weightage (%) | |
|---|---|---|
| BlackRock Cash Funds Treasury SL Agency | 5.55% | |
| Asian Development Bank 0.23% | 1.21% | |
| Inter-American Development Bank 0.44% | 1.01% | |
| Morgan Stanley 1.15% | 1.01% | |
| JPMorgan Chase & Co. 1.45% | 0.91% | |
| Goldman Sachs Group, Inc. 0.93% | 0.87% | |
| Morgan Stanley 1.62% | 0.86% | |
| Pacific Gas and Electric Company 1.57% | 0.85% | |
| Verizon Communications Inc. 1.22% | 0.85% | |
| Goldman Sachs Group, Inc. 1.33% | 0.84% |
Similar ETFs
Projected Returns
Returnsbased on historic SIP returns of 1.02% per annum
FLOT Summary Data
| Total Net Assets | $ | i |
| Symbol | FLOT | |
| Exchange | BATS | |
| ISIN | US46429B6552 |
| Cat. Benchmark | BBgBarc US Agg Bond TR USD | |
| Asset class | Fixed Income | |
| Category | Ultrashort Bond | |
| Country | US |
FLOT Portfolio Data & Volatility Analysis
| Net Expense Ratio | 0.2 | i |
| Beta | 0.17 | i |
| 3 Year Standard Deviation | 2.43 | i |
Fund Strategy
The investment seeks to track the investment results of the Bloomberg Barclays US Floating Rate Note < 5 Years Index (the underlying index), which measures the performance of U.S. dollar-denominated, investment-grade floating rate notes. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index.
FLOT Fact Sheets & Reports
About iShares by Blackrock
"iShares" is a gathering of ETFs managed by Blackrock. Blackrock is an American investment management corporation founded in 1988. Some iShares ETFs are actively managed but most funds track a bond or share market index.
