SPDR® Bloomberg Investment Grade Floating Rate ETF company info

What does SPDR® Bloomberg Investment Grade Floating Rate ETF do?
SPDR® Bloomberg Investment Grade Floating Rate ETF (NYSE:FLRN) is a specialized exchange-traded fund aiming to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. Essentially, it invests in U.S. dollar-denominated, investment grade floating rate notes. This financial instrument is designed to offer investors the potential for income generation while aiming to reduce interest rate risk, making it an attractive option for those looking to preserve capital and maintain a steady income stream in fluctuating market conditions. Its objective centers around mirroring the performance of its benchmark index, focusing on high-grade floating rate notes with shorter maturities to manage exposure to interest rate changes. Recognizing the importance of flexibility and stability in an investment portfolio, SPDR® Bloomberg Investment Grade Floating Rate ETF strives to meet the needs of investors looking for lower-risk income opportunities.
SPDR® Bloomberg Investment Grade Floating Rate ETF company media
Company Snapshot

Is SPDR® Bloomberg Investment Grade Floating Rate ETF a public or private company?

key
Ownership
Public

How many people does SPDR® Bloomberg Investment Grade Floating Rate ETF employ?

people
Employees
2,301

What sector is SPDR® Bloomberg Investment Grade Floating Rate ETF in?

pie chart
Sector
ETF

Where is the head office for SPDR® Bloomberg Investment Grade Floating Rate ETF?

location pin
Head Office
Boston, United States

What year was SPDR® Bloomberg Investment Grade Floating Rate ETF founded?

founded flag
Year Founded
2011
What does SPDR® Bloomberg Investment Grade Floating Rate ETF specialise in?
/Fixed Income /Exchange Traded Fund /Institutional Investors /Financial Services /Investment Management /Risk Diversification

What are the products and/or services of SPDR® Bloomberg Investment Grade Floating Rate ETF?

Overview of SPDR® Bloomberg Investment Grade Floating Rate ETF offerings
Exposure to Investment-Grade Floating Rate Notes: FLRN primarily invests in debt securities known as investment-grade floating rate notes (FRNs). These notes have interest rates that reset periodically based on a short-term benchmark rate, such as LIBOR.
Potential for Higher Income: Compared to traditional fixed-rate bonds, FRNs can potentially offer higher income due to their interest rates adjusting to changes in short-term interest rates. FLRN aims to generate income for investors through these interest payments on the underlying FRNs it holds.
Daily Liquidity: Shares of FLRN are traded on a stock exchange like any other stock, allowing for easy buying and selling throughout the trading day. This provides investors with flexibility in managing their investment.
Transparency: The holdings of the ETF are publicly disclosed, allowing investors to understand the specific FRNs they are indirectly invested in through FLRN.
Reduced Interest Rate Risk: Because the interest rates on the underlying FRNs adjust to market conditions, FLRN may offer some protection against rising interest rates compared to traditional fixed-rate bond funds.
Focus on Investment-Grade Issuers: FLRN specifically invests in investment-grade FRNs, which are issued by companies deemed to have a high capacity to meet their debt obligations. This can potentially lower the credit risk associated with the fund compared to those holding non-investment grade debt.