iShares Floating Rate Bond ETF
$50.99+0.01 (+0.01%)
- Expense ratio
- 0.15%
- Fund size
- $11.0B
- 1Y return
- +4.4%
- Yield · Last 12 months
- 4.34%
- Holdings
- 556
- Volume · 30D
- 2M sh
- NAV per share
- $50.97
- 52W range
The ETF.net FLOT Grade
Score 69 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 52Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 70Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 87Category rank
Our read on FLOT
AThe 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
- 9%
- BLK CSH FND TREASURY SL AGENCY
Geography
- United States55.74%
- United Kingdom8.75%
- Australia7.10%
- Canada5.71%
- Japan4.90%
- South Korea3.15%
- France2.67%
- Sweden1.83%
- 10.15%
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$10,440
Returns run to the Sep 22, 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 | +3.1% |
| 1 month | +0.3% |
| 3 months | +1.0% |
| 1 year | +4.4% |
| 3 years | +5.4% |
| 5 years | +4.4% |
| 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 | +3.1% | |
| 2025 | +4.9% | |
| 2024 | +6.5% | |
| 2023 | +6.4% | |
| 2022 | +1.3% | |
| 2021 | +0.4% | |
| 2020 | +0.9% |
FLOT in the news
FLOT Dividends
- 4.34%
- $2.21
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.18 |
| Aug 3, 2026 | Aug 6, 2026 | $0.18 |
| Jul 1, 2026 | Jul 7, 2026 | $0.17 |
| Jun 1, 2026 | Jun 4, 2026 | $0.18 |
| May 1, 2026 | May 6, 2026 | $0.18 |
| Apr 1, 2026 | Apr 7, 2026 | $0.18 |
| Mar 2, 2026 | Mar 5, 2026 | $0.16 |
| Feb 2, 2026 | Feb 5, 2026 | $0.17 |
| Dec 19, 2025 | Dec 24, 2025 | $0.20 |
| Dec 1, 2025 | Dec 4, 2025 | $0.19 |
| Nov 3, 2025 | Nov 6, 2025 | $0.21 |
| Oct 1, 2025 | Oct 6, 2025 | $0.21 |
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.
- 2.35
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.