FLOT 📈 iShares Floating Rate Bond - Overview

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that seeks to track the performance of a specific bond index. To achieve this, the fund invests at least 80% of its assets in the component securities of the underlying index, which consists of a diversified portfolio of floating rate bonds.

The remaining 10% or less of the fund's assets can be invested in other fixed income securities that the fund's manager, BlackRock Fund Advisors (BFA), believes will help the fund closely track the underlying index. This may include other types of bonds, such as corporate bonds or government bonds, that have similar characteristics to the floating rate bonds in the index.

As a floating rate bond ETF, FLOT's portfolio is designed to provide investors with a steady stream of income, while also offering some protection against rising interest rates. This is because the floating rate bonds in the portfolio have interest rates that are adjusted periodically to reflect changes in market conditions.

FLOT is listed on the BATS exchange and is managed by BlackRock, one of the largest asset managers in the world. You can find more information about the fund on the iShares website at http://www.ishares.com. As a US-domiciled fund, FLOT is subject to US regulations and tax laws.