State Street SPDR Bloomberg Investment Grade Floating Rate ETF

Frequently Asked Questions About FLRN

What does FLRN invest in?

The State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) aims to mirror, before fees and expenses, the price and income returns of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. This ETF provides investors with access to investment-grade debt securities that pay adjustable interest rates, typically with a fixed premium above a benchmark. For inclusion in the underlying index, these securities must have a remaining term of at least one month but less than five years, and command an outstanding principal amount of $300 million or more. The index's composition is updated and rebalanced on the final business day of every month.

What is the expense ratio of FLRN?

State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is FLRN's dividend yield?

FLRN's trailing-twelve-month yield is 4.26%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FLRN?

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

What is the credit quality of FLRN?

FLRN'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 FLRN?

Yield to maturity (YTM) is the total return you'd earn from FLRN if every bond in the portfolio is held to maturity at the current price. FLRN'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.