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About SPDR Bloomberg Investment Grade Floating Rate ETF
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Inception date
Nov 30, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Government
Bonds, Cash & Other100.00%
Corporate71.14%
Government27.77%
Mutual fund0.97%
Miscellaneous0.11%
Cash0.00%
Stock breakdown by region
North America64.06%
Europe18.11%
Oceania8.89%
Asia8.66%
Latin America0.28%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLRN invests in bonds. The fund's major sectors are Corporate, with 71.14% stocks, and Government, with 27.77% of the basket. The assets are mostly located in the North America region.
FLRN top holdings are International Bank for Reconstruction & Development FRN 19-AUG-2027 and European Bank for Reconstruction & Development FRN 20-FEB-2028, occupying 1.22% and 1.14% of the portfolio correspondingly.
FLRN last dividends amounted to 0.12 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 2.63% decrease.
FLRN assets under management is 2.75 B USD. It's risen 0.38% over the last month.
FLRN fund flows account for 344.99 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FLRN pays dividends to its holders with the dividend yield of 5.42%. The last dividend (May 6, 2025) amounted to 0.12 USD. The dividends are paid monthly.
FLRN shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Nov 30, 2011, and its management style is Passive.
FLRN expense ratio is 0.15% meaning you'd have to pay 0.15% of your investment to help manage the fund.
FLRN follows the Bloomberg US Floating Rate Notes (<5 Y). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLRN invests in bonds.
FLRN price has risen by 0.26% over the last month, and its yearly performance shows a −0.23% decrease. See more dynamics on FLRN price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.01% increase in three-month performance and has increased by 5.36% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.01% increase in three-month performance and has increased by 5.36% in a year.
FLRN trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.