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FLRN Forecast

FLRN: Floating Rate Investment Grade Bonds, 6.06% Yield

The SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) is a fixed-income exchange-traded fund. The vehicle seeks to provide investment results that correspond to the price and yield performance of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. The ETF consists of a portfolio of high-grade corporate bonds that are floating rate, the majority of its holdings being based on 3-month SOFR with a fixed spread. Its composition and low duration have helped the ETF navigate in an exemplary manner the higher rates environment experienced in the past two years.

seekingalpha.com     Dec 08, 2023