(FLTR) Investment Grade Floating - NYSE
ETF Category: Ultrashort Bond | Exchange: NYSE (USA) | Market Cap: 2.768m USD | Total Return: 5.3% in 12m
Avg Turnover: 19.8M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The VanEck Investment Grade Floating Rate ETF (FLTR) focuses on U.S. dollar-denominated floating rate notes issued by investment-grade corporate entities. The fund maintains a mandate to invest at least 80% of its assets in components of its benchmark index, which tracks public reporting companies. As an ultrashort bond ETF, it prioritizes capital preservation and income through debt instruments with variable interest payments.
Floating rate notes differ from fixed-rate bonds because their coupon payments adjust periodically based on a reference rate, such as SOFR. This mechanism reduces interest rate risk, as the bonds price is generally less sensitive to rate hikes compared to long-duration fixed-income assets. Investment-grade ratings indicate a lower risk of default, as these issuers are vetted by credit agencies for their ability to meet financial obligations. You can analyze how these credit ratings impact long-term yields by using ValueRay.
- SOFR rate adjustments drive coupon resets and interest income
- Federal Reserve monetary policy shifts impact floating rate demand
- Investment grade corporate credit spreads influence net asset value
- Yield curve inversion affects relative attractiveness versus fixed-rate bonds
As of June 13, 2026, the stock is trading at USD 25.53 with a total of 728,806 shares traded.
Over the past week, the price has changed by +0.04%,
over one month by +0.46%,
over three months by +1.35% and
over the past year by +5.27%.
Investment Grade Floating has no consensus analysts rating.