SPDR Bloomberg Investment Grade Floating Rate ETF (ARCA: FLRN)

Latest news for SPDR Bloomberg Investment Grade Floating Rate ETF (ARCA:FLRN)

SPDR Bloomberg Investment Grade Floating Rate ETF

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF

SPDR Barclays Investment Grade Floating Rate ETF

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar-denominated, investment grade floating rate notes.

Long Ideas

News

Bonds

Short Ideas

Dividends

Specialty ETFs

New ETFs

Intraday Update

Markets

Trading Ideas

ETFs

FLOT

FLRN

Market Vectors Investment Grade Floating Rate ETF

FLTR

Floating Rate Bond ETFs Your Broker Forgot to Mention

BARN

CHIB

CRBA

CRBI

DEFL

EATX

Global X Russell Emerging Markets Growth ETF

EMGX

Global X Russell Emerging Markets Value ETF

EMVX

FISN

GREK

Merrill Lynch Internet Infrastructure HOLDRs Trust

INFL

KNOW

MEXS

Merrill Lynch Pharmaceutical HOLDRs Trust

RSUN

Merrill Lynch Retail HOLDRS Trust due 12/31/41

TWON

WSTE

XOIL

ETF Stats for December 2011: Closures Set Monthly Record and Total Listings Decline

As global equity markets remain volatile, investors continue to look for somewhere to stash their cash, regardless of anemic interest rates. Resultantly, bond funds continue to thrive. One overlooked bond investment option some individuals might want to consider is floating rate securities. These securities offer periodically resetting interest payments, with rates tied to a representative interest rate index, <a href="http://www.investinginbonds.com/learnmore.asp?catid=9&amp;subcatid=52&amp;id=275">according to InvestingInBonds</a>.

Floaters, as these securities are often called, offer another benefit. They often have short durations, which significantly reduces exposure to the risk of rising interest rates. Interest paid on floaters is not compounded, but many do pay make monthly payouts, helping boost the allure of these products for income investors. 

Of course, investors can access floaters via ETFs. Not surprisingly, given that floaters do not get much attention in the bond world, floating rate bond ETFs do not get much press among bond funds. Here are three your broker probably forgot to tell you about.

iShares Floating Rate Note Fund (NYSE: <a class="ticker" href="/stock/flot#NYSE">FLOT</a>)
By far the largest of the floating rate bond ETFs, the iShares Floating Rate Note Fund has amassed $239 million in assets under management (AUM) since its June 2011 debut. FLOT stands out as valid option for investors craving a low duration bond fund. It has an effective duration of just 0.14 years <a href="http://us.ishares.com/product_info/fund/overview/FLOT.htm">according to iShares data</a>. 

Home to 215 holdings, FLOT features a 30-day SEC yield of 1.12 percent and a favorable expense ratio of 0.2 percent. More than 75 percent of FLOT's holdings hail from the banking and industrial sectors while another 11.5 percent of the fund's weight is allocated to agency bonds.

Market Vectors Investment Grade Floating Rate ETF (NYSE: <a class="ticker" href="/stock/fltr#NYSE">FLTR</a>)
The Market Vectors Investment Grade Floating Rate ETF is the oldest of the floating bond ETF trio, having debuted in April 2011. Although FLTR is far smaller than its iShares rival with just $7.3 million in AUM, FLTR is also slightly less expensive with annual fees of 0.19 percent. 

In addition, FLTR is smaller by number of holdings with 21 and this ETF features an average modified duration of almost 2.7 years. Year-to-date, FLTR has gained 4.3 percent compared to a 2.4 percent jump for FLOT. On the Standard &amp; Poor's rating scale, almost 96 percent of FLTR's holdings are rated investment grade. The ETF has a 30-day SEC yield of 1.13 percent.

SPDR Barclays Capital Investment Grade Floating Rate ETF (NYSE: <a class="ticker" href="/stock/flrn#NYSE">FLRN</a>)
The SPDR Barclays Capital Investment Grade Floating Rate ETF is the newest member of the floating rate ETF group, having debuted in November 2011. It is also the least expensive fund in the trio with an annual expense ratio of just 0.15 percent. With 102 holdings, FLRN has a modified adjusted duration of just 0.13 years. FLRN has $9.1 million in AUM and a 30-day SEC yield of 1.16 percent.

For more on obscure bond ETFs, click <a href="http://www.benzinga.com/markets/bonds/12/07/2759979/3-more-high-yield-bond-etfs-your-broker-forgot-to-mention">here</a>.

VVR: This Fund Is Overpriced For The Current Monetary Conditions (Rating Downgrade)

Bond Market Enjoys Solid Tailwind Ahead Of Fed Meeting

SPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1453

Fixed-Income Outlook: Strategies For A Controlled Descent

Falling For Cash

SPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1434

Retail Money Funds At High

SPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1330

SPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1114

Fixed-Income Outlook 2025: Fertile Ground

ANGL

ARCM

BBSA

BILS

BKLN

CORP

CSHI

FALN

FCOR

FIBR

FLBL

FLCO

FLDR

FLRT

FLUD

FTSD

FTSL

FTSM

GBIL

GHYB

GHYG

GIGB

GOVT

GOVZ

GSST

HYDB

HYGH

HYLB

HYLS

HYXF

HYXU

ICSH

IGBH

IGEB

ISTB

JAAA

JPST

KORP

LGOV

LKOR

LMBS

LONZ

LQDH

LTPZ

MINT

NEAR

OPER

PBTP

PFIG

PGHY

PULS

QLTA

RAVI

RINF

SCHO

SCHP

SCHQ

SCHR

SEIX

SGOV

SHYG

SJNK

SKOR

SLQD

SPBO

SPHY

SPIB

SPIP

SPTI

SPTL

SPTS

SRLN

STIP

STPZ

SUSC

TBIL

TBJL

TBLL

TBUX

TDTF

TDTT

TFJL

TFLO

TIPX

TIPZ

TUSI

ULST

USDU

USFR

USHY

UTWO

VCIT

VCLT

VCSH

VGIT

VGLT

VGSH

VNLA

VRIG

VTIP

VUSB

XHLF

XTRE

XTWO

ZROZ

As global equity markets remain volatile, investors continue to look for somewhere to stash their cash, regardless of anemic interest rates. Resultantly, bond funds continue to thrive. One overlooked bond investment option some individuals might want to consider is floating rate securities. These securities offer periodically resetting interest payments, with rates tied to a representative interest rate index, <a href="http://www.investinginbonds.com/learnmore.asp?catid=9&subcatid=52&id=275">according to InvestingInBonds</a>.

Floaters, as these securities are often called, offer another benefit. They often have short durations, which significantly reduces exposure to the risk of rising interest rates. Interest paid on floaters is not compounded, but many do pay make monthly payouts, helping boost the allure of these products for income investors. 

Of course, investors can access floaters via ETFs. Not surprisingly, given that floaters do not get much attention in the bond world, floating rate bond ETFs do not get much press among bond funds. Here are three your broker probably forgot to tell you about.

iShares Floating Rate Note Fund (NYSE: <a class="ticker" href="/stock/flot#NYSE">FLOT</a>)
By far the largest of the floating rate bond ETFs, the iShares Floating Rate Note Fund has amassed $239 million in assets under management (AUM) since its June 2011 debut. FLOT stands out as valid option for investors craving a low duration bond fund. It has an effective duration of just 0.14 years <a href="http://us.ishares.com/product_info/fund/overview/FLOT.htm">according to iShares data</a>. 

Home to 215 holdings, FLOT features a 30-day SEC yield of 1.12 percent and a favorable expense ratio of 0.2 percent. More than 75 percent of FLOT's holdings hail from the banking and industrial sectors while another 11.5 percent of the fund's weight is allocated to agency bonds.

Market Vectors Investment Grade Floating Rate ETF (NYSE: <a class="ticker" href="/stock/fltr#NYSE">FLTR</a>)
The Market Vectors Investment Grade Floating Rate ETF is the oldest of the floating bond ETF trio, having debuted in April 2011. Although FLTR is far smaller than its iShares rival with just $7.3 million in AUM, FLTR is also slightly less expensive with annual fees of 0.19 percent. 

In addition, FLTR is smaller by number of holdings with 21 and this ETF features an average modified duration of almost 2.7 years. Year-to-date, FLTR has gained 4.3 percent compared to a 2.4 percent jump for FLOT. On the Standard & Poor's rating scale, almost 96 percent of FLTR's holdings are rated investment grade. The ETF has a 30-day SEC yield of 1.13 percent.

SPDR Barclays Capital Investment Grade Floating Rate ETF (NYSE: <a class="ticker" href="/stock/flrn#NYSE">FLRN</a>)
The SPDR Barclays Capital Investment Grade Floating Rate ETF is the newest member of the floating rate ETF group, having debuted in November 2011. It is also the least expensive fund in the trio with an annual expense ratio of just 0.15 percent. With 102 holdings, FLRN has a modified adjusted duration of just 0.13 years. FLRN has $9.1 million in AUM and a 30-day SEC yield of 1.16 percent.

For more on obscure bond ETFs, click <a href="http://www.benzinga.com/markets/bonds/12/07/2759979/3-more-high-yield-bond-etfs-your-broker-forgot-to-mention">here</a>.

Comments

SPDR Bloomberg Investment Grade Floating Rate ETF

News

Latest news for SPDR Bloomberg Investment Grade Floating Rate ETF (ARCA:FLRN)

Tuesday, July 31, 2012

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga