FLOT ISSUER

BlackRock Fund Advisors (BFA) is the issuer behind the iShares Floating Rate Bond ETF (FLOT). The fund seeks to track the Bloomberg US Floating Rate Note < 5 Years Index, focusing on U.S. dollar-denominated, investment-grade floating rate notes. BFA employs a passive indexing strategy, aiming to closely match the performance of the underlying index while minimizing costs and risks associated with active management.

FLOT DIVIDEND

The FLOT ETF, managed by BlackRock, focuses on tracking the performance of the Bloomberg US Floating Rate Note < 5 Years Index. While the primary objective of the ETF is to match the investment results of the index, its dividend distribution is reflective of the underlying floating rate notes' coupon payments. These variable coupon payments are based on reference rates like the 3-month LIBOR or SOFR, along with a fixed spread. The ETF's dividend distribution may fluctuate in response to changes in interest rates and the performance of the underlying debt instruments, offering potential income to investors seeking exposure to short-term, investment-grade bonds.

FLOT TRACKING

Efficiently tracking the Bloomberg US Floating Rate Note < 5 Years Index is the primary objective of the iShares Floating Rate Bond ETF (FLOT). This ETF focuses on investing in U.S. dollar-denominated, investment-grade floating rate notes, which have a remaining maturity of greater than or equal to one month and less than five years. By maintaining alignment with the index's composition and performance, FLOT provides investors exposure to a diversified selection of short-term fixed income securities with variable coupon rates.

FLOT CORRELATION

Understanding the correlation of the iShares Floating Rate Bond ETF (FLOT) is essential for investors looking to gauge its behavior in relation to interest rate changes and market shifts. As FLOT is designed to track the Bloomberg US Floating Rate Note < 5 Years Index, its correlation with short-term interest rates and economic conditions is significant. Investors interested in exploring FLOT's correlation patterns and its impact on their portfolios can leverage the ETF Insider web app. With its user-friendly visualization tool, ETF Insider provides deep insights into correlations and overlaps, helping investors make more informed decisions about their investment strategies.FLOT Sector

FLOT SECTOR

The iShares Floating Rate Bond ETF (FLOT) primarily focuses on the fixed income sector, particularly on U.S. dollar-denominated, investment-grade floating rate notes. As of October 31, 2022, a significant portion of the underlying index is represented by securities of companies in the financials industry or sector. By offering exposure to floating rate bonds and emphasizing investment-grade debt instruments, FLOT provides investors with a potential way to manage interest rate risk while maintaining a relatively stable income stream.FLOT Exposure

FLOT EXPOSURE

The iShares Floating Rate Bond ETF (FLOT) is designed to provide investors with exposure to U.S. dollar-denominated, investment-grade floating rate notes. By tracking the Bloomberg US Floating Rate Note < 5 Years Index, FLOT primarily invests in short-term debt instruments with variable coupon rates tied to reference rates such as LIBOR or SOFR. With a focus on the financials industry and a diverse range of regions, FLOT's exposure reflects its aim to deliver stable returns in changing interest rate environments. If you're interested in exploring the exposure of various US ETFs, our ETF Insider tool offers a web app with intuitive visualizations that help uncover in-depth data, correlations, and overlaps among ETF holdings, making it a valuable resource for investors.

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