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  • ETF
  • FLOT
    Pricing Data
    Change: $0.01 (0.0%)
    Time: 07/24/17
    Previous Close: $50.91
  • Category
  • Corporate Bonds
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $50.06
  • 52 Week Hi: $50.92
  • AUM: $6,174.5 M
  • Shares: 121.4 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 788,119
  • 3 Month Avg. Volume: 799,245

Alternative ETFs in the Corporate Bonds Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF offers exposure to floating rate debt, an asset class that may be appealing to investors looking to minimize interest rate risk (perhaps related to concerns about rising rates). Most bond ETFs offer exposure to securities that pay a fixed coupon over the life of the note, and as such are impacted when interest rates rise or fall. FLOT invests in debt with coupon payments calculated in reference to a benchmark rate, such as LIBOR. As such, the payments made by the underlying securities will fluctuate along with prevailing market interest rates. That results in an extremely low effective duration, and almost no interest rate risk. The diminished risk of course translates into a lower expected yields as well; FLOT will generally offer less in the way of return potential than other ETFs in the Corporate Bonds ETFdb Category that invest in fixed rate debt. There are a number of potential uses for FLOT. This fund can be used as a tactical allocation in environments where interest rates are expected to rise, shielding investors from interest rate increases. It can also be used to round out fixed income exposure in a long-term portfolio, providing exposure to credit risk while minimizing interest rate risks. This ETF focuses on investment grade, dollar-denominated debt (though the underlying portfolio includes issuers from several different countries). Investors seeking more in the way of credit risk (and return potential) might want to take a look at BKLN. That fund also invests in floating rate debt, but focuses on obligations of lower quality issuers. FLTR is another fund offering generally similar exposure to FLOT; investors considering this asset class should compare the expenses, various yield metrics, and effective durations of these funds to find the best match for their objectives.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for FLOT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Corporate Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

FLOT Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses B n/a

Knowledge Centers

FLOT In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.

FLOT Holdings

Filings Data as of: Jul 21, 2017

All 554 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High
% Assets in Top 15
Category Low
Category High
% Assets in Top 50
Category Low
Category High

Asset Allocation

Asset Percentage
Corporate debt 93.12%
Federal/Central debt 6.35%
ETF Cash Component 0.52%

Bond Sector Breakdown

Bond Sector Percentage
Corporate 93.12%
Agency 5.71%
Provincial 0.65%
ETF Cash Component 0.52%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Senior Note 71.02%
Supranational Senior Note 10.63%
Agency Senior Note 4.8%
Corporate Unsecured Note 4.17%
Corporate Senior Bank Note 3.77%
Corporate Note 3.31%
Agency Unsecured Note 0.51%
Provincial Senior Note 0.4%
Agency Bond 0.27%
Provincial Unsecured Note 0.25%
Supranational Bond 0.18%
Corporate First Mortgage Note 0.05%
Corporate First Mortgage Bond 0.0%
Other 0.65%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 66.16%
2% to 3% 31.28%
3% to 4% 1.35%
4% to 5% 0.28%
5% to 6% 0.0%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
ETF Cash Component 0.52%
N/A or Unknown 0.41%

Credit Quality

Credit Percentage
AAA 14.25%
AA 17.53%
A 39.62%
BBB 27.71%
BB 0.02%
B 0.0%
Below B 0.0%
Not Rated 0.11%
ETF Cash Component 0.52%
Rating Unknown 0.24%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 28.86%
1-3 Years 45.82%
3-5 Years 24.23%
5-7 Years 0.57%
7-10 Years 0.0%
10-15 Years 0.01%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
ETF Cash Component 0.52%

FLOT Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (Fidelity)

Category Commission Free Trading

There are 21 other ETFs in the Corporate Bonds ETFdb.com Category that are also eligible for commission free trading:

FLOT Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

1 Week Return
Category Low
Category High
4 Week Return
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
Category Low
Category High

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The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of FLOT relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

FLOT Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

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P/E Ratio
No Ranking Available
Category Low
Category High

FLOT Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

FLOT Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $50.87
  • 60 Day MA: $50.80
  • MACD 15 Period: 0.03
  • MACD 100 Period: 0.19
  • Williams % Range 10 Day: n/a
  • Williams % Range 20 Day: n/a
  • RSI 10 Day: 71
  • RSI 20 Day: 67
  • RSI 30 Day: 66
  • Ultimate Oscillator: 78

Bollinger Brands

  • Lower Bollinger (10 Day): $50.87
  • Upper Bollinger (10 Day): $50.92
  • Lower Bollinger (20 Day): $50.82
  • Upper Bollinger (20 Day): $50.93
  • Lower Bollinger (30 Day): $50.78
  • Upper Bollinger (30 Day): $50.92

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $50.89
  • Resistance Level 1: n/a
  • Resistance Level 2: $50.93


  • Stochastic Oscillator %D (1 Day): 81.35
  • Stochastic Oscillator %D (5 Day): 88.77
  • Stochastic Oscillator %K (1 Day): 77.88
  • Stochastic Oscillator %K (5 Day): 87.27

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.