About SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that seeks to track the performance of the Bloomberg Barclays US Dollar Floating Rate Note & Ultra Short Bond < 5 Years Index. The ETF aims to provide investors with exposure to investment-grade floating rate notes, which are bonds that have variable interest rates linked to a benchmark, typically the US dollar LIBOR (London Interbank Offered Rate). As LIBOR fluctuates, the interest payments on these bonds adjust accordingly, making them attractive in a rising interest rate environment.

With over $4 billion in assets under management, FLRN is one of the largest and most liquid floating rate ETFs available to investors. It offers a low expense ratio of just 0.15%, making it a cost-effective choice for those seeking exposure to investment-grade floating rate notes. FLRN is structured as a passively managed fund, meaning it aims to replicate the performance of its underlying index rather than actively selecting and trading securities.