Skip to main content

SPDR® Bloomberg Investment Grade Floating Rate ETF FLRN

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Securities with floating or variable interest rates may decline in value if their coupon rates do not keep pace with comparable market interest rates. Narrowly focused investments typically exhibit higher volatility and are subject to greater geographic or asset class risk. The Fund is subject to credit risk, which refers to the possibility that the debt issuers will not be able to make principal and interest payments.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

The Fund is classified as "diversified" under the Investment Company Act of 1940, as amended (the "1940 Act"); however, the Fund may become "non-diversified," as defined under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$30,79
as of 22 Jul 2024
Base Currency
USD
Assets Under Management
$2 500,03 M
as of 22 Jul 2024
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,15%

Fund Objective

The SPDR® Bloomberg Investment Grade Floating Rate ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the market for U.S. dollar-denominated, investment grade floating rate notes with maturities greater than or equal to one month and less than five years.

About this Benchmark

The Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index consists of debt instruments that pay a variable coupon rate with a fixed spread. The Index may include U.S. registered, dollar denominated bonds of non-U.S. corporations, governments and supranational entities. Excluded from the Index are fixed rate bullet bonds, fixed-rate puttable and fixed-rate callable bonds, fixed rate and fixed to floating capital securities, bonds with equity-linked features (e.g. warrants and convertibles), inflation linked bonds and securitized bonds. The Index is market capitalization weighted and the securities in the Index are updated on the last calendar day of each month.

Fund Information as of 23 Jul 2024

Benchmark Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
Inception Date 30 Nov 2011
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,15%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of 23 Jul 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NYSE ARCA EXCHANGE 01 Dec 2011 USD FLRN 78468R200 US78468R2004

Fund Characteristics as of 22 Jul 2024

Number of Holdings 364
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

6,11%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

2,03
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$100,18
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

5,87%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

0,02 years
Option Adjusted Spread 38,33
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

5,91%

Index Characteristics as of 22 Jul 2024

Number of Holdings 351
Average Coupon 6,12%
Average Maturity in Years 1,95
Average Price $100,40
Average Yield To Worst 5,86%
Option Adjusted Duration 0,02 years
Option Adjusted Spread 37,83
Yield to Maturity 5,90%

Fund Market Price as of 22 Jul 2024

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$30,80
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$30,80
Day High $30,80
Day Low $30,80
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

11 650
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0,05%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0,03%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund's listing exchange) and the fund's net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Kalenderjaar 2023 Q1 2024 Q2 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

217 60 63
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

33 1 0

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund's NAV when purchasing fund shares and may receive less than a fund's NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

Fund Net Asset Value as of 22 Jul 2024

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$30,79
Shares Outstanding 81.20 M
Assets Under Management $2 500,03 M

Fund Net Cash Amount as of 22 Jul 2024

Net Cash Amount $5 276 782,72

Yields as of 19 Jul 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

5,74%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

5,88%

Fund Performance

  • Aanvangsdatum van het fonds: 30 Nov 2011

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
30 Nov 2011
Fund Before Tax
NAV 30 Jun 2024 0,45% 1,52% 3,36% 6,68% 3,70% 2,74% 2,13% 2,08%
Market Value 30 Jun 2024 0,41% 1,52% 3,31% 6,60% 3,70% 2,76% 2,14% 2,08%
Benchmark
Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
30 Jun 2024 0,46% 1,55% 3,38% 6,76% 3,86% 2,97% 2,34% 2,30%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 0,24% 0,91% 2,33% 4,16% 2,26% 1,64% 1,27% 1,31%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,27% 0,90% 1,98% 3,90% 2,21% 1,62% 1,26% 1,26%
Benchmark
Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
30 Jun 2024 0,46% 1,55% 3,38% 6,76% 3,86% 2,97% 2,34% 2,30%

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
30 Nov 2011
Fund Before Tax
NAV 30 Jun 2024 0,45% 1,52% 3,36% 6,68% 3,70% 2,74% 2,13% 2,08%
Market Value 30 Jun 2024 0,41% 1,52% 3,31% 6,60% 3,70% 2,76% 2,14% 2,08%
Benchmark
Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
30 Jun 2024 0,46% 1,55% 3,38% 6,76% 3,86% 2,97% 2,34% 2,30%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 0,24% 0,91% 2,33% 4,16% 2,26% 1,64% 1,27% 1,31%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,27% 0,90% 1,98% 3,90% 2,21% 1,62% 1,26% 1,26%
Benchmark
Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
30 Jun 2024 0,46% 1,55% 3,38% 6,76% 3,86% 2,97% 2,34% 2,30%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0,15%

Top Holdings

Subject to Change.

as of 22 Jul 2024
as of 22 Jul 2024

Fund Top Holdings as of 22 Jul 2024

Name Market Value ISIN Weight
INTL BK RECON + DEVELOP SR UNSECURED 08/27 VAR 42 044 733,52 US459058JF11 1,68%
INTL BK RECON + DEVELOP SR UNSECURED 01/27 VAR 37 762 959,00 US459058KN26 1,51%
EUROPEAN BK RECON + DEV UNSECURED 04/26 VAR 32 868 712,80 US29874QEN07 1,31%
INTL BK RECON + DEVELOP SR UNSECURED 09/26 VAR 32 034 987,00 US459058KK86 1,28%
INTL BK RECON + DEVELOP SR UNSECURED 09/25 VAR 27 747 090,00 US459058JJ33 1,11%
INTER AMERICAN DEVEL BK SR UNSECURED 09/26 VAR 25 456 268,88 US4581X0DY17 1,02%
INTER AMERICAN DEVEL BK SR UNSECURED 02/26 VAR 24 757 028,80 US4581X0DT22 0,99%
INTL BK RECON + DEVELOP SR UNSECURED 05/28 VAR 22 018 920,00 US459058LG65 0,88%
INTER AMERICAN DEVEL BK SR UNSECURED 02/29 VAR 21 977 560,00 US4581X0EC87 0,88%
ASIAN DEVELOPMENT BANK SR UNSECURED 06/26 VAR 21 726 225,70 US04517PBE16 0,87%
Alle holdings downloaden: Daily

Index Top Holdings as of 22 Jul 2024

Name ISIN Weight
INTL BK RECON & DEVELOP 5.7953 08/19/2027 US459058JF11 1,36%
EUROPEAN BK RECON & DEV 5.5657 04/14/2026 US29874QEN07 1,31%
INTL BK RECON & DEVELOP 5.746 01/12/2027 US459058KN26 1,22%
INTL BK RECON & DEVELOP 5.6833 09/23/2026 US459058KK86 1,06%
International Bank for Reconstruction & Development 5.6573 01/24/2029 US459058KH57 0,97%
INTL BK RECON & DEVELOP 5.6565 11/22/2028 US459058KD44 0,96%
INTL BK RECON & DEVELOP 5.6815 09/18/2025 US459058JJ33 0,96%
INTER-AMERICAN DEVEL BK 5.5408 09/16/2026 US4581X0DY17 0,96%
KOMMUNALBANKEN AS 6.3713 06/17/2026 US50048MDE75 0,90%
INTER-AMERICAN DEVEL BK 5.5636 02/10/2026 US4581X0DT22 0,87%

Sector Allocation

as of 22 Jul 2024
as of 22 Jul 2024

Fund Sector Breakdown as of 22 Jul 2024

Sector Weight
Corporate - Finance 56,63%
NON CORPORATES - Supranationals 24,57%
Corporate - Industrial 13,23%
NON CORPORATES - Foreign Agency 4,62%
Corporate - Utility 0,73%
Cash 0,22%

Index Sector Breakdown as of 22 Jul 2024

Sector Weight
Corporate - Finance 56,42%
NON CORPORATES - Supranationals 24,47%
Corporate - Industrial 13,23%
NON CORPORATES - Foreign Agency 4,96%
Corporate - Utility 0,92%

Maturity Ladder

as of 22 Jul 2024
as of 22 Jul 2024

Fund Maturity Ladder as of 22 Jul 2024

Name Weight
0 - 1 Year 20,91%
1 - 2 Years 33,09%
2 - 3 Years 25,65%
3 - 5 Years 19,83%
5 - 7 Years 0,52%

Index Maturity Ladder as of 22 Jul 2024

Name Weight
0 - 1 Year 21,85%
1 - 2 Years 33,34%
2 - 3 Years 25,13%
3 - 5 Years 19,69%

Quality Breakdown

as of 22 Jul 2024
as of 22 Jul 2024

Fund Quality Breakdown as of 22 Jul 2024

Name Weight
AAA 29,91%
AA1 1,54%
AA2 2,94%
AA3 16,55%
A1 19,36%
A2 14,93%
A3 9,92%
BAA1 3,24%
BAA2 1,61%

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Index Quality Breakdown as of 22 Jul 2024

Name Weight
AAA 30,11%
AA1 1,57%
AA2 3,00%
AA3 16,41%
A1 19,79%
A2 14,86%
A3 9,86%
BAA1 2,70%
BAA2 1,70%

Fondsdocumentatie

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown.

Unless otherwise noted all information contained herein is that of the SPDR® Bloomberg Investment Grade Floating Rate ETF.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a guarantee of future results.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

"Bloomberg®" and Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR Bloomberg Investment Grade Floating Rate ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Investment Grade Floating Rate ETF.

Prior to 10/31/2021, the SPDR Bloomberg Investment Grade Floating Rate ETF was known as the SPDR Bloomberg Barclays Investment Grade Floating Rate ETF.

Prior to 8/24/2021, the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index was known as the Bloomberg Barclays U.S. Dollar Floating Rate Note < 5 Years Index.