Symbols

FLOT

iShares Floating Rate Bond ETF·CBOE

--(--)

Key Stats

Assets Under Management

8.99BUSD

Fund Flows (1Y)

1.41BUSD

Dividend Yield

4.42%

Discount/Premium to NAV

0.02%

Shares Outstanding

176.70M

Expense Ratio

0.15%

About iShares Floating Rate Bond ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/239534/ishares-floating-rate-bond-etf

Inception Date

Structure

Open-Ended Fund

Index Tracked

Bloomberg US Floating Rate Note < 5 Years Index

Management Style

Passive

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

BlackRock Fund Advisors

Distributor

BlackRock Investments LLC

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.