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Trending ETFs

iShares Floating Rate Bond ETF

ETF
FLOT
Payout Change
Pending
Price as of:
$50.6 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
FLOT (ETF)

iShares Floating Rate Bond ETF

Payout Change
Pending
Price as of:
$50.6 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
FLOT (ETF)

iShares Floating Rate Bond ETF

Payout Change
Pending
Price as of:
$50.6 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$50.60

$9.86 B

5.76%

$2.92

0.15%

Vitals

YTD Return

2.8%

1 yr return

4.8%

3 Yr Avg Return

1.9%

5 Yr Avg Return

2.0%

Net Assets

$9.86 B

Holdings in Top 10

9.2%

52 WEEK LOW AND HIGH

$50.6
$49.10
$50.97

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$50.60

$9.86 B

5.76%

$2.92

0.15%

FLOT - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.43%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Floating Rate Bond ETF
  • Fund Family Name
    iShares
  • Inception Date
    Jun 14, 2011
  • Shares Outstanding
    195600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Bloomberg Barclays US Floating Rate Note < 5 Years Index (the “Underlying Index”), which measures the performance of U.S. dollar-denominated, investment-grade (as determined by Bloomberg Index Services Limited (the “Index Provider” or “Bloomberg”)) floating rate notes. Securities in the Underlying Index have a remaining maturity of greater than or equal to one month and less than five years, and have $300 million or more of outstanding face value. As of October 31, 2020, a significant portion of the Underlying Index is represented by securities of companies in the financials industry or sector and corporate bonds and government related securities. As of October 31, 2020, the Underlying Index was comprised of securities of companies in the following countries or regions: Australia, Canada, China, Denmark, Finland, France, Germany, Hong Kong, Italy, Japan, the Netherlands, New Zealand, Norway, Singapore, South Korea, Spain, Sweden, Switzerland, the United Kingdom (the “U.K.”) and the U.S. The components of the Underlying Index are likely to change over time. The Underlying Index consists of debt instruments that pay a variable coupon rate, a majority of which are based on the 3-month London Interbank Offer Rate (“LIBOR”), with a fixed spread. The Underlying Index is market capitalization-weighted and the securities in the Underlying Index are updated on the last calendar day of each month. The Underlying Index may include U.S. registered, dollar-denominated bonds of non-U.S. corporations, governments and supranational entities. BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies. BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received). The Underlying Index is sponsored by Bloomberg, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities), repurchase agreements collateralized by U.S. government securities, and securities of state or municipal governments and their political subdivisions are not considered to be issued by members of any industry.
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FLOT - Performance

Return Ranking - Trailing

Period FLOT Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -4.7% 2.6% 3.86%
1 Yr 4.8% -6.1% 6.9% 2.59%
3 Yr 1.9%* -2.9% 3.7% 3.70%
5 Yr 2.0%* -11.1% 2.6% 3.91%
10 Yr 1.5%* -5.1% 1.5% 2.06%

* Annualized

Return Ranking - Calendar

Period FLOT Return Category Return Low Category Return High Rank in Category (%)
2022 1.3% -6.4% 2.3% 3.48%
2021 0.2% -1.6% 21.9% 4.91%
2020 0.3% -21.0% 5.8% 18.52%
2019 1.0% -9.4% 2.6% 4.41%
2018 0.3% -12.9% 6.1% 9.04%

Total Return Ranking - Trailing

Period FLOT Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.5% 2.6% 3.86%
1 Yr 4.8% -6.1% 6.9% 2.59%
3 Yr 1.9%* -2.9% 3.7% 3.70%
5 Yr 2.0%* -11.1% 2.6% 3.91%
10 Yr 1.5%* -5.1% 1.5% 2.06%

* Annualized

Total Return Ranking - Calendar

Period FLOT Return Category Return Low Category Return High Rank in Category (%)
2022 1.3% -6.4% 2.3% 3.48%
2021 0.2% -1.6% 21.9% 4.91%
2020 0.3% -21.0% 5.8% 18.52%
2019 1.0% -9.4% 2.6% 4.41%
2018 0.3% -12.9% 6.1% 12.43%

FLOT - Holdings

Concentration Analysis

FLOT Category Low Category High FLOT % Rank
Net Assets 9.86 B 24.5 K 19.8 B 13.22%
Number of Holdings 430 1 3396 36.93%
Net Assets in Top 10 907 M -200 M 16.1 B 19.92%
Weighting of Top 10 9.20% 2.6% 100.0% 86.21%

Top 10 Holdings

  1. BlackRock Cash Funds Treasury SL Agency 2.22%
  2. Asian Development Bank 0.13% 1.02%
  3. Morgan Stanley 1.11% 0.97%
  4. Goldman Sachs Group, Inc. 2.25% 0.91%
  5. Inter-American Development Bank 0.38% 0.89%
  6. Morgan Stanley 2.58% 0.86%
  7. Inter-American Development Bank 0.78% 0.85%
  8. Wells Fargo & Company 1.14% 0.83%
  9. Pacific Gas and Electric Company 1.72% 0.80%
  10. AT&T Inc 1.43% 0.79%

Asset Allocation

Weighting Return Low Return High FLOT % Rank
Bonds
81.02% 0.00% 123.41% 52.70%
Convertible Bonds
12.69% 0.00% 15.25% 1.66%
Cash
6.29% -24.02% 100.00% 68.46%
Stocks
0.00% 0.00% 3.35% 56.02%
Preferred Stocks
0.00% 0.00% 0.00% 53.11%
Other
0.00% -10.38% 3.22% 58.92%

Bond Sector Breakdown

Weighting Return Low Return High FLOT % Rank
Corporate
79.84% 0.00% 99.91% 3.73%
Government
13.71% 0.00% 100.00% 23.24%
Cash & Equivalents
6.45% 0.00% 100.00% 75.10%
Derivative
0.00% 0.00% 23.15% 63.90%
Securitized
0.00% 0.00% 100.00% 90.46%
Municipal
0.00% 0.00% 70.39% 75.10%

Bond Geographic Breakdown

Weighting Return Low Return High FLOT % Rank
US
43.36% 0.00% 100.00% 81.33%
Non US
37.66% 0.00% 72.88% 1.24%

FLOT - Expenses

Operational Fees

FLOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 4.12% 93.31%
Management Fee 0.15% 0.00% 1.19% 11.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FLOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FLOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLOT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 369.54% 16.42%

FLOT - Distributions

Dividend Yield Analysis

FLOT Category Low Category High FLOT % Rank
Dividend Yield 5.76% 0.00% 4.70% 4.98%

Dividend Distribution Analysis

FLOT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLOT Category Low Category High FLOT % Rank
Net Income Ratio 0.43% -1.30% 14.86% 53.45%

Capital Gain Distribution Analysis

FLOT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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FLOT - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

Jun 14, 2011

10.97

11.0%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.54 7.92