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- Upturn Summary
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- Fund Details
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
09/11/2026: FLRN (3-star) is a STRONG-BUY. BUY for 339 days. Simulated Profits (6.51%). Updated daily EoD!
FLRN provides exposure to investment-grade floating-rate corporate notes, which serve as an effective hedge against rising interest rates. As a product from a major issuer like State Street, it offers high liquidity, competitive costs, and a transparent indexing strategy. It is ideally suited for income-focused and risk-averse investors looking for stability over aggressive capital growth. Key risks include corporate credit spread sensitivity and the potential for declining income if benchmark interest rates fall. Investors should monitor central bank policy and corporate credit health to assess the fund's ongoing suitability for their portfolios.
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 capital preservation and income rather than aggressive capital appreciation. |
| Momentum investor | Mixed fit | Momentum is limited by the nature of fixed-income instruments, which move slowly in response to rate cycles. |
| Value investor | Mixed fit | The fund offers stable yield, which may appeal to value investors seeking safety during credit market volatility. |
| Dividend/Income investor | Strong fit | The fund provides a regular stream of floating-rate income, which adjusts higher during rising interest rate environments. |
| Low-risk investor | Strong fit | The portfolio's structure minimizes duration risk, making it an excellent choice for risk-averse investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking a low-volatility income source who wants to hedge against rising interest rates while maintaining exposure to investment-grade corporate credit.
Suitability
FLRN is best suited for long-term investors or those looking to park cash in a more yield-productive instrument than a traditional savings account.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The floating-rate nature of the holdings significantly reduces interest rate sensitivity and price fluctuations. |
| Market risk | Medium | Broader credit market sentiment and economic health can impact the spreads and prices of the underlying corporate notes. |
| Concentration | Medium | The fund is concentrated in investment-grade corporate issuers, which can be affected by specific sector downturns. |
| Tracking/expense | Low | Low expense ratios and efficient management lead to minimal tracking error versus the benchmark. |
| Liquidity | Low | The underlying bond market is generally deep and liquid, supporting efficient trading. |
| Business/sector quality | Low | The investment-grade mandate screens out lower-quality issuers, reducing default risk. |
Risk Analysis
Volatility
FLRN exhibits low historical volatility, characteristic of short-duration floating-rate instruments that are not significantly impacted by price swings linked to long-term interest rate shifts.
Market Risk
The fund is subject to credit risk inherent in corporate bonds, where price fluctuations depend on the perceived financial stability of the underlying companies, alongside systemic interest rate risk.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Corporate Floating-Rate Notes | 98.5 | These notes provide interest payments that adjust with market rates, protecting investors from rising interest rates. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small allocation maintained for liquidity and to facilitate daily operations and fund rebalancing. |
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 8.6% | Avg. Invested days 244 | Today’s Advisory Regular Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/11/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 13, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $2.95B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.15% |
| Distribution Yield | 4.38% |
| Inception | Nov 30, 2011 |
Performance
| Period | Total Return |
|---|---|
| YTD | +2.94% |
| 1 Year | +4.42% |
| 3 Year | +5.38% |
| 5 Year | +4.39% |
| 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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