Symbols

TFLO

iShares Treasury Floating Rate Bond ETF·ARCA

--(--)

Key Stats

Assets Under Management

6.40BUSD

Fund Flows (1Y)

-86.55MUSD

Dividend Yield

4.11%

Discount/Premium to NAV

0.01%

Shares Outstanding

126.70M

Expense Ratio

0.15%

About iShares Treasury Floating Rate Bond ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/260652/TFLO

Inception Date

Feb 3, 2014

Structure

Open-Ended Fund

Index Tracked

Markit iBoxx USD Liquid High Yield 0-5 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

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 one's 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.