iShares Floating Rate Bond ETF

Frequently Asked Questions About FLOT

What does FLOT invest in?

iShares Trust - iShares Floating Rate Bond ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by Blackrock Fund Advisors. The fund invests in fixed income markets of the United States. It primarily invests 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. The fund seeks to track the performance of the Bloomberg U.S. Universal Index and the Bloomberg US Floating Rate Note < 5 Years Index, by using representative sampling technique. iShares Trust - iShares Floating Rate Bond ETF was formed on June 14, 2011 and is domiciled in the United States.

What is the expense ratio of FLOT?

iShares Floating Rate Bond ETF (FLOT) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is FLOT's dividend yield?

FLOT's trailing-twelve-month yield is 4.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FLOT?

Effective duration measures FLOT's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FLOT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FLOT?

FLOT's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FLOT?

Yield to maturity (YTM) is the total return you'd earn from FLOT if every bond in the portfolio is held to maturity at the current price. FLOT's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.