iShares Floating Rate Bond ETF
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
The ETF.net FLOT Grade
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Under classification review
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
Our read on FLOT
The oddball in the short-corporate aisle: FLOT owns bonds whose coupons reset with short-term rates, so interest-rate sensitivity stays near zero while the credit stays investment grade. Running since 2011.
The fund seeks to track an index of U.S. dollar-denominated, investment-grade floating-rate bonds, offering exposure to corporate debt while seeking to reduce interest-rate risk and generate income.
Why people hold it
- Coupons reset periodically instead of sitting fixed, which keeps interest-rate sensitivity very low. Rate swings move it far less than fixed-coupon bond funds.ishares.com
- Investment-grade paper only, with maturities from one month to five years, spread across about 600 holdings. No junk, no long bonds.ishares.com
- Pays monthly, trades actively, and has tracked its Bloomberg floating-rate note index closely. A multi-billion-dollar fund with a record going back to 2011.
Worth knowing
- At 0.15% it sits right at the median for its short-corporate cohort, but fixed-coupon peers like VCSH (0.03%) and SPSB (0.04%) charge a fraction of that.
- The float cuts both ways: income follows short-term rates, so the monthly payout shrinks when those rates fall.ishares.com
- Low rate sensitivity is not credit protection. This is corporate debt, and prices can slip when credit spreads widen.
FLOT Holdings
- Bonds
- 556
- 8%
- European Bank For Reconstruction A Mtn 4.28% 02/20/2028
Geography
- United States55.04%
- United Kingdom8.62%
- Australia6.99%
- Canada5.87%
- Japan5.42%
- South Korea3.26%
- France2.66%
- Sweden1.84%
- 10.30%
Developed 89% · Emerging 11%
FLOT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FLOT$10,449
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLOT |
|---|---|
| Year to date | +3.3% |
| 1 month | +0.4% |
| 3 months | +1.0% |
| 1 year | +4.5% |
| 3 years | +5.4% |
| 5 years | +4.5% |
| 10 years | +3.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLOT |
|---|---|---|
| 2026 YTD | +3.3% | |
| 2025 | +4.9% | |
| 2024 | +6.5% | |
| 2023 | +6.4% | |
| 2022 | +1.3% | |
| 2021 | +0.4% | |
| 2020 | +0.9% |
FLOT in the news
FLOT Dividends
- 4.28%
- $2.18
- $0.17 per share
- Monthly
Distribution history
FLOT Risk
- 0.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 2.30
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLOT Cost
0.15%
FLOT0.15%
- The middle half of Investment Grade Corporate (0-5 Year) funds
- Median 0.15%
8 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.
Other funds in Investment Grade Corporate (0-5 Year)
- AIGSBiShares 1-5 Year Investment Grade Corporate Bond ETFExpense ratio 0.04%1 year return +1.4%
- AVCSHVanguard Short-Term Corporate Bond ETFExpense ratio 0.03%1 year return +1.4%
- ASCHJSchwab 1-5 Year Corporate Bond ETFExpense ratio 0.03%1 year return +1.4%
- ASPSBState Street SPDR Portfolio Short Term Corporate Bond ETFExpense ratio 0.04%1 year return +2.3%
- BLDRCiShares iBonds 1-5 Year Corporate Ladder ETFExpense ratio 0.10%1 year return +1.5%