FLRN

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF
*Unless otherwise stated, data provided by FactSet.

FLRN Fund Description

FLRN tracks an index of US dollar-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 at a low expense ratio. FLRN tracks our segment benchmark, which means it holds floating-rate notes that mature in five years or less, and its country exposure is quite diverse—US issues only make up about half of FLRN's debt holdings. As would be expected from a portfolio of floating-rate notes, the fund has minimal exposure to interest-rate moves. Financial-sector issuers dominate the basket. FLRN is easy to trade, with high daily volume and small spreads. Its underlying liquidity is poor, however, and block trades will likely be tricky to execute efficiently. FLRN charges a very low fee and tracks its index well, keeping holding costs low.

FLRN MSCI ESG Analytics Insight

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.41 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 48th percentile within its peer group and in the 51st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FLRN Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FLRN 0.28% 0.85% 3.69% 3.16% 2.34% 1.76% --
FLRN (NAV) 0.28% 0.82% 3.53% 3.16% 2.42% 1.75% --
Bloomberg Barclays U.S. Floating Rate Note < 5 Years Index 0.31% 0.87% 3.71% 3.45% 2.63% 1.93% --
Bloomberg Barclays U.S. Floating Rate Note < 5 Years Index 0.31% 0.87% 3.71% 3.45% 2.63% 1.93% 1.64%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLRN Summary Data

SPDR
11/30/11
Open-Ended Fund
0.15%
$3.57B
$28.52M
0.03%

FLRN Portfolio Data

0.10
--
2.33%
12/02/19
657

FLRN Index Data

Market Value
Market Value
Bloomberg Barclays U.S. Floating Rate Note < 5 Years Index

FLRN Portfolio Management

0.15%
-0.25%
-0.20%
-0.29%

FLRN Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FLRN Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FLRN Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

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

928,293
$28.52M
706,333
$21.68M
0.03%
$0.01
0.01%
0.15% / -0.45%
None
100.00%
100,000
7.06
0.01%
--
0
$30.74
N/A

FLRN Sector/Industry Breakdown


FLRN
Segment Benchmark
61.35%
--
21.86%
--
14.25%
--
1.56%
--
0.51%
--
0.47%
--

FLRN Top 10 Holdings[View All]

1.28%
0.72%
0.61%
0.59%
0.58%
0.56%
0.56%
0.54%
0.54%
0.54%
6.52%

FLRN Top 5 Countries


FLRN
Segment Benchmark
61.36%
--
8.36%
--
6.94%
--
4.70%
--
3.60%
--

FLRN Top 5 Currencies


FLRN
Segment Benchmark
100.00%
--

FLRN Performance Statistics

1.00
1.00
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--
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FLRN MSCI ESG Ratings

BBB
5.41 / 10
51.15
48.44
3.05%
1.46%
76.49

FLRN Holdings Statistics

1.73 years
0.10
2.33%
1.73
Low
657
0.46%

FLRN Avg Life Maturity Distribution

29.20%
31.46%
23.20%
16.14%
--
--
--
--
--

FLRN OAS Breakdown

93.47%
5.81%
0.72%
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--
--
--
--
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