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  • ETF
  • FLTR
    Pricing Data
    $24.93
    Change: $0.01 (0.0%)
    Time: 09/28/16
    Previous Close: $24.92
  • Category
  • Corporate Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $24.17
  • 52 Week Hi: $24.96
  • AUM: $77.2 M
  • Shares: 3.1 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 15,643
  • 3 Month Avg. Volume: 10,180

Alternative ETFs in the Corporate Bonds Category

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

Analyst Report

This ETF is among a small number of products that offers exposure to floating rate debt, giving it a risk/return profile that is somewhat unique. The securities held by FLTR generally won't be included in the ETFs in the Total Bond Market ETFdb Category, making FLTR a potentially useful tool for those looking to round out a fixed income portfolio. This fund can also be useful for investors looking to fine tune fixed income exposure in certain environments. Whereas most bond ETFs invest exclusively in debt that pays a fixed coupon over the life of the note, this ETF holds debt that adjusts its coupon payment based on a reference rate. As a result, there is minimal interest rate risk associated with this fund, as the effective duration is close to zero. That makes FLTR appealing for investors who believe that interest rates are headed higher (rate hikes generally have an adverse impact on the price of fixed rate bonds). FLTR compensates investors for the credit risk taken on, but allows them to steer clear of any interest rate risk. Those looking for fixed rate investment grade corporate debt have a number of options in the Corporate Bonds ETFdb Category (LQD is perhaps the most popular choice) while those seeking higher yields from floating rate debt may prefer the Bank Loan Portfolio (BKLN) that focuses on floating rate securities from issuers with lower credit ratings.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for FLTR 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

FLTR Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

Knowledge Centers

FLTR 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 Category.

FLTR Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

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

Number of Holdings
Rank:
143
Category Low
Category High
% Assets in Top 10
Rank:
22.49%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 59.41%
International Bonds 25.14%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 15.35%
Other 0.1%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 84.35%
Cash And Equivalents 15.35%
Government Related 0.19%
Agency Mortgage Backed 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Future Forward 0.0%
Convertible 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Option Warrant 0.0%
Government 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 28.98%
1% to 2% 50.36%
2% to 3% 5.2%
3% to 4% 0.0%
4% to 5% 0.0%
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%

Credit Quality

Credit Percentage

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 53.62%
3-5 Years 25.86%
5-7 Years 2.67%
7-10 Years 2.4%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%

FLTR Expenses & Fees

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

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Expenses Ratio Analysis

ETF Average
0.576%
ETF Wtd. Average
0.26%
Category Average
0.25%
Expense Ratio
Rank:
0.14%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 23 other ETFs in the Corporate Bonds ETFdb Category that are also eligible for commission free trading:

FLTR Performance

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

1 Week Return
Rank:
0.12%
Category Low
Category High
4 Week Return
Rank:
0.09%
Category Low
Category High
13 Week Return
Rank:
0.76%
Category Low
Category High
26 Week Return
Rank:
2.02%
Category Low
Category High
Year to Date Return
Rank:
1.76%
Category Low
Category High
1 Year Return
Rank:
1.69%
Category Low
Category High
3 Year Return
Rank:
2.07%
Category Low
Category High
5 Year Return
Rank:
No Ranking Available
Category Low
Category High

Charts

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 FLTR relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

FLTR Valuation

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

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

As of May 22 2016

FLTR Dividend

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

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Dividend
$0.03
Dividend Date
2016-09-01
Annual Dividend Rate
$0.24
Annual Dividend Yield
Rank:
0.96%
Category Low
Category High

As of May 22, 2016

FLTR Technicals

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Volatility Analysis

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

5 Day Volatility
Rank:
1.89%
Category Low
Category High
20 Day Volatility
Rank:
1.44%
Category Low
Category High
50 Day Volatility
Rank:
1.84%
Category Low
Category High
200 Day Volatility
Rank:
2.01%
Category Low
Category High
Beta
Rank:
-0.17
Category Low
Category High
Standard Deviation
Rank:
0.17%
Category Low
Category High

Technicals

  • 20 Day MA: $24.91
  • 60 Day MA: $24.85
  • MACD 15 Period: 0.01
  • MACD 100 Period: 0.15
  • Williams % Range 10 Day: 42.86
  • Williams % Range 20 Day: 30.00
  • RSI 10 Day: 54
  • RSI 20 Day: 56
  • RSI 30 Day: 56
  • Ultimate Oscillator: 55

Bollinger Brands

  • Lower Bollinger (10 Day): $24.91
  • Upper Bollinger (10 Day): $24.95
  • Lower Bollinger (20 Day): $24.88
  • Upper Bollinger (20 Day): $24.94
  • Lower Bollinger (30 Day): $24.84
  • Upper Bollinger (30 Day): $24.96

Support & Resistance

  • Support Level 1: $24.91
  • Support Level 2: $24.90
  • Resistance Level 1: $24.94
  • Resistance Level 2: $24.96

Stochastic

  • Stochastic Oscillator %D (1 Day): 57.53
  • Stochastic Oscillator %D (5 Day): 64.58
  • Stochastic Oscillator %K (1 Day): 57.62
  • Stochastic Oscillator %K (5 Day): 66.05

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.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.