FLRNSPDR Bloomberg Barclays Investment Grade Floating Rate ETF
FLRN 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 9.15 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 97th percentile within its peer group and in the 96th 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 Sector/Industry Breakdown
FLRN Top 10 Holdings[View All]
FLRN Top 5 Countries
FLRN Top 5 Currencies