FLRN
SPDR Bloomberg Barclays Investment Grade Floating Rate ETFFLRN Fund Description
FLRN tracks an index of USD-denominated, investment-grade floating rate notes. Securities must have between 1 month and 5 years until maturity.
FLRN Factset Analytics Insight
FLRN provides solid exposure to broad investment-grade floating-rate notes. FLRN holds floating-rate notes that mature in five years or less, a majority of which are based on the 3-month LIBOR, with a fixed spread. As would be expected from a portfolio of floating-rate notes, the fund has minimal exposure to interest-rate move. FLRN excludes bonds with equity-linked features, such as warrants and convertibles, as well as inflation-linked bonds and securitized bonds. The market-value-weighted index is rebalanced monthly. FLRN is subject to LIBOR risk, this benchmark rate is intended to be phased out by the end of 2021 and there remains uncertainty regarding the LIBOR and the nature of any replacement rate.
FLRN MSCI ESG Analytics Insight
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has an MSCI ESG Fund Rating of AA based on a score of 7.88 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Bloomberg Barclays Investment Grade Floating Rate ETF ranks in the 89th percentile within its peer group and in the 91st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FLRN Summary Data
FLRN Portfolio Data
FLRN Index Data
FLRN Portfolio Management
FLRN Tax Exposures
FLRN Fund Structure
FLRN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FLRN. FLRN is rated a N/A out of 5.
FLRN Tradability
FLRN Sector/Industry Breakdown
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FLRN Top 10 Holdings[View All]
FLRN Top 5 Countries
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FLRN Top 5 Currencies
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FLRN Performance Statistics
FLRN MSCI ESG Ratings
FLRN Holdings Statistics
FLRN Avg Life Maturity Distribution
FLRN OAS Breakdown
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.