(FLRN) Bloomberg Investment Grade - Overview

ETF Category: Ultrashort Bond | Exchange: NYSE ARCA (USA) | Market Cap: 2.910m USD | Total Return: 4.9% in 12m

Floating Rate Notes, Corporate Bonds, Debt Securities
Total Rating 48
Safety 52
Buy Signal -0.37
Ultrashort Bond
Category Rotation: +3.7
TER: 0.15%
AUM: 2.91B
Avg Turnover: 24.2M
Risk 3d forecast
Volatility0.69%
VaR 5th Pctl0.13%
VaR vs Median2.26%
Reward TTM
Sharpe Ratio0.80
Rel. Str. IBD35.9
Rel. Str. Peer Group86.3
Character TTM
Beta0.015
Beta Downside-0.017
Hurst Exponent0.298
Drawdowns 3y
Max DD1.43%
CAGR/Max DD3.97
CAGR/Mean DD245.71

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FLRN Bloomberg Investment Grade

The SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) tracks the performance of U.S. dollar-denominated, investment-grade floating rate notes. The fund maintains a policy of investing at least 80% of its assets in securities within its benchmark index or those with nearly identical economic characteristics. This strategy focuses on debt instruments with variable coupon rates that adjust periodically based on benchmark interest rates.

Floating rate notes typically offer lower duration risk compared to fixed-rate bonds because their interest payments reset to reflect current market conditions. This business model is designed to provide hedge-like qualities during periods of rising interest rates, as the underlying yields increase alongside benchmark hikes. Investors may find it useful to examine ValueRay for deeper insights into how interest rate volatility impacts ETF valuations. Investment-grade ratings further ensure that the portfolio consists of debt from issuers with a relatively low risk of default.

Headlines to Watch Out For
  • Federal Reserve interest rate trajectory dictates coupon resets and investor demand
  • Corporate credit spreads impact valuation of investment grade floating rate notes
  • Supply of new issuance in the floating rate corporate bond market
  • Financial sector concentration risk affects underlying portfolio credit quality and performance
  • Relative attractiveness of short duration yields compared to fixed rate alternatives
What is the price of FLRN shares?

As of May 30, 2026, the stock is trading at USD 30.84 with a total of 1,433,839 shares traded.
Over the past week, the price has changed by +0.06%, over one month by +0.44%, over three months by +1.03% and over the past year by +4.89%.

Is FLRN a buy, sell or hold?

Bloomberg Investment Grade has no consensus analysts rating.