FLRN
SPDR Bloomberg Investment Grade Floating Rate ETF

Price: $30.36
Change: $0.01 (0.0%)
Category: Corporate Bonds
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.15%
ETF Home Page Home page
Inception Nov 30, 2011

Analyst Report

This ETF offers cheap, liquid exposure to high quality floating rate bonds, an asset class that can be useful for capturing a bit of return in certain environments. Floating rate debt has very low sensitivity to interest rates, since the payouts to investors adjust with movements in a reference benchmark rate. So for those concerned about increases in interest rates, FLRN can be a useful tool for minimizing interest rate risk while still deriving some yield.


It should be noted that FLRN is unlikely to deliver substantial current returns to investors; because of the floating rate feature and the focus on investment grade debt, there is little in the way of credit risk or interest rate risk to require compensation. So this security should exhibit relatively low volatility; it can be a nice way to generate a little bit of yield, perhaps as a place to park cash in between allocations to riskier asset classes.


There are a number of other ETFs that offer similar exposure to floating rate debt; alternatives include FLOT and FLTR. One advantage of FLRN: this ETF is incredibly cheap.

ETF Database Themes

Category Corporate Bonds
Asset Class Bond
Region (General) Developed Markets
Region (Specific) Broad
Bond Type(s) Floating Rate Bonds
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: U.S. - Broad Market, Broad-based Investment Grade Floating Rate
Category Broad Market, Broad-based
Focus Investment Grade
Niche Floating Rate
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $29.65
  • 52 Week Hi $30.38
  • AUM $3,088.6 M
  • Shares 101.8 M

Historical Trading Data

  • 1 Month Avg. Volume 1,015,254
  • 3 Month Avg. Volume 883,771

Alternative ETFs in the ETF Database Corporate Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPBO 0.03% $474.4 M 191,339 -14.94%
Largest (AUM) VCSH 0.04% $41.3 B 7 M -5.97%
Most Liquid (Volume) LQD 0.14% $39.1 B 21 M -16.71%
Top YTD Performer IBDN 0.10% $1.3 B 350,139 1.04%

Alternative ETFs in the FactSet Fixed Income: U.S. - Broad Market, Broad-based Investment Grade Floating Rate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLOT 0.15% $8.8 B 2 M 0.47%
Largest (AUM) FLOT 0.15% $8.8 B 2 M 0.47%
Most Liquid (Volume) FLOT 0.15% $8.8 B 2 M 0.47%
Top YTD Performer FLOT 0.15% $8.8 B 2 M 0.47%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FLRN ETF Database Category Average FactSet Segment Average
Number of Holdings 378 821 324
% of Assets in Top 10 9.73% 19.47% 15.32%
% of Assets in Top 15 13.13% 23.27% 19.04%
% of Assets in Top 50 32.24% 41.25% 39.76%

Size Comparison

FLRN ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

FLRN Valuation

This section compares the P/E ratio of this ETF to its peers.

FLRN
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.32
FactSet Segment Average
P/E Ratio
N/A

FLRN Dividend

This section compares the dividend yield of this ETF to its peers.

FLRN ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.06 $ 0.01
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 0.15 $ 0.82 $ 0.20
Annual Dividend Yield 0.48% 1.82% 0.59%

FLRN Price and Volume Charts

View charts featuring FLRN price and volume data.

FLRN Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 21.26 M 3 Month Net Flows: -109.06 M 6 Month Net Flows: -272.95 M 1 Year Net Flows: 648.08 M 3 Year Net Flows: -249.56 M 5 Year Net Flows: 1.68 B 10 Year Net Flows: 3.13 B

FLRN Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.