Key stats
About ISHARES TRUST FLOATING RATE BD ETF
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Inception date
Jun 14, 2011
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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. Bank issues typically dominate the basket. FLOT takes a very straightforward and broad approach to its holdings, so expect market-like exposure overall.
Classification
What's in the fund
Exposure type
Corporate
Government
Bonds, Cash & Other100.00%
Corporate72.97%
Government26.26%
Cash0.64%
Miscellaneous0.13%
Displays a symbol's price movements over previous years to identify recurring trends.