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- Upturn Summary
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Upturn AI Summary
SPDR® Bloomberg Investment Grade Floating Rate ETF(FLRN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FLRN
09/28/2026: FLRN (3-star) is a STRONG-BUY. BUY for 350 days. Simulated Profits (6.68%). Updated daily EoD!
SPDR® Bloomberg Investment Grade Floating Rate ETF (FLRN) provides exposure to U.S. investment-grade corporate floating-rate notes, which are designed to mitigate interest rate risk by resetting coupons periodically. Its main strengths include a low expense ratio, high liquidity, and the backing of State Street. It serves best as an income-generating tool for conservative portfolios or as a hedge against rising interest rates. Primary risks include credit spread volatility and the potential for declining income if interest rates fall. It is best suited for income-focused investors who prioritize capital preservation over high-growth potential.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for income stability rather than capital appreciation. |
| Momentum investor | Mixed fit | May be a fit during periods of expected rising interest rates, subject to positive market momentum signals. |
| Value investor | Mixed fit | Provides steady income, but lacks the discount-to-intrinsic-value opportunities sought by deep value investors. |
| Dividend/Income investor | Strong fit | It offers a reliable stream of interest income that adjusts with market rates. |
| Low-risk investor | Strong fit | The floating-rate structure minimizes interest rate risk, making it suitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
Conservative to moderate investors looking to earn interest income while minimizing the impact of rising interest rates on their capital.
Suitability
Primarily for long-term income-oriented investors, though can serve as a tactical holding for those managing interest rate risk.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The floating-rate nature of the underlying bonds significantly reduces price sensitivity to interest rate changes. |
| Market risk | Medium | General market movements can affect corporate credit spreads, impacting the fund's net asset value. |
| Concentration | Medium | The fund holds a diverse range of investment-grade issuers, mitigating risk associated with any single company. |
| Tracking/expense | Low | With a low expense ratio and efficient tracking, the drag on performance is minimal. |
| Liquidity | Low | The high liquidity of the underlying bond market ensures easy trading of the ETF shares. |
| Business/sector quality | Low | The focus on investment-grade debt keeps credit default risk relatively low. |
Risk Analysis
Volatility
FLRN exhibits significantly lower volatility than traditional bond funds due to the short duration of floating-rate notes.
Market Risk
The primary risks include credit spread expansion and general corporate bond market liquidity issues.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment Grade Corporate Floating Rate Notes | 99 | These bonds have variable coupons that reset with benchmark rates, making them less sensitive to rising interest rates than fixed-coupon bonds. |
| Cash/collateral | Cash and Cash Equivalents | 1 | A small cash buffer is maintained for liquidity management and to handle daily fund flows. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 8.78% | Avg. Invested days 249 | Today’s Advisory Regular Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/28/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 28, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $3.08B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.15% |
| Distribution Yield | 4.38% |
| Inception | Nov 30, 2011 |
Performance
| Period | Total Return |
|---|---|
| YTD | +3.14% |
| 1 Year | +4.42% |
| 3 Year | +5.41% |
| 5 Year | +4.44% |
| 10 Year | +3.08% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 0.21% |
| 3Y Volatility | 0.35% |
| 3Y Sharpe Ratio | 2.91 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 4 / 5 |
| Benchmark | BBgBarc US Agg Bond TR USD |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 28.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Asian Development Bank 0.13% | 1.40% |
| Asian Development Bank 1.05% | 1.34% |
| Morgan Stanley 0.75% | 1.09% |
| Goldman Sachs Group. 3.70771% | 0.99% |
| International Bank for Reconstruction and Development 2.0841% | 0.94% |
Upturn AI Summary
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.
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