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Upturn AI SWOT - About
SPDR® Bloomberg Investment Grade Floating Rate ETF (FLRN)
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Upturn Advisory Summary
07/09/2025: FLRN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 11.86% | Avg. Invested days 255 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 07/09/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 29.03 - 30.82 | Updated Date 06/29/2025 |
52 Weeks Range 29.03 - 30.82 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Bloomberg Investment Grade Floating Rate ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg Investment Grade Floating Rate ETF (FLOT) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg U.S. Investment Grade Floating Rate Note Index. The fund invests primarily in U.S. dollar-denominated, investment-grade floating rate notes.
Reputation and Reliability
State Street Global Advisors (SSGA) is a large and well-established ETF provider with a long track record and strong reputation.
Management Expertise
SSGA has extensive experience in managing fixed income ETFs and employs a team of experienced portfolio managers.
Investment Objective
Goal
To closely track the returns of the Bloomberg U.S. Investment Grade Floating Rate Note Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, meaning it invests in all or substantially all of the securities in the underlying index.
Composition The ETF holds a portfolio of U.S. dollar-denominated, investment-grade floating rate notes.
Market Position
Market Share: Information is not available.
Total Net Assets (AUM): 2780000000
Competitors
Key Competitors
- iShares Floating Rate Bond ETF (FLOT)
- Invesco Senior Loan ETF (BKLN)
- First Trust Senior Floating Rate Income Fund (FTSL)
Competitive Landscape
The floating rate note ETF market is relatively concentrated. FLOT competes primarily with FLOT and BKLN. FLOT's advantage lies in its established brand and potentially lower expense ratio. A disadvantage may be its specific index, which might not capture the entire floating rate universe.
Financial Performance
Historical Performance: Historical performance data needs to be gathered from financial databases.
Benchmark Comparison: Benchmark comparison can be done using Bloomberg U.S. Investment Grade Floating Rate Note Index performance data.
Expense Ratio: 0.15
Liquidity
Average Trading Volume
The average trading volume of FLOT is generally high, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread of FLOT is typically tight, reflecting its liquidity and investor interest.
Market Dynamics
Market Environment Factors
Interest rate movements, particularly Federal Reserve policy, significantly impact FLOT's performance. Changes in credit spreads and economic growth also affect the floating rate note market.
Growth Trajectory
FLOT's growth is tied to investor demand for floating rate notes, which often increases during periods of rising interest rates. Changes in the index composition can also affect its growth.
Moat and Competitive Advantages
Competitive Edge
FLOT benefits from the established brand of State Street and its scale as one of the largest ETF providers. Its focus on investment-grade floating rate notes offers a relatively safe approach to capturing rising interest rates. The ETF's high liquidity and tight bid-ask spread also contribute to its competitiveness. These features make it an attractive option for investors seeking exposure to this asset class. However, its narrow focus on investment-grade debt might limit upside potential compared to ETFs with broader mandates.
Risk Analysis
Volatility
FLOT's volatility is generally lower compared to equity ETFs due to its focus on investment-grade debt.
Market Risk
The primary risks associated with FLOT include interest rate risk (although floating rates mitigate this), credit risk (although investment-grade ratings limit this), and liquidity risk (especially during periods of market stress).
Investor Profile
Ideal Investor Profile
FLOT is suitable for investors seeking income, particularly in a rising interest rate environment. It's also appropriate for those looking to diversify their fixed income portfolios and reduce interest rate risk.
Market Risk
FLOT is suitable for both long-term investors seeking a stable income stream and active traders who want to capitalize on short-term interest rate movements.
Summary
The SPDRu00ae Bloomberg Investment Grade Floating Rate ETF (FLOT) offers exposure to U.S. dollar-denominated, investment-grade floating rate notes, making it an attractive option during periods of rising interest rates. It benefits from the backing of a reputable issuer, State Street, and offers high liquidity. While its returns are capped by its focus on investment-grade debt, it provides a relatively safe way to generate income and mitigate interest rate risk. However, you should analyze the market and other investments to optimize your financial planning and strategy.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) website
- Bloomberg
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Past performance is not indicative of future results. Market Share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Investment Grade Floating Rate ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar-denominated, investment grade floating rate notes.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.