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Upturn AI SWOT - About
SPDR® Bloomberg Investment Grade Floating Rate ETF (FLRN)
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Upturn Advisory Summary
10/14/2025: 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 13.26% | Avg. Invested days 289 | 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 10/14/2025 |
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. It focuses on investment-grade floating rate notes, offering potential income while mitigating interest rate risk.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable issuer, with a long track record in the ETF market.
Management Expertise
SSGA has extensive experience and expertise in managing fixed-income ETFs.
Investment Objective
Goal
Seeks to track the performance of the Bloomberg U.S. Investment Grade Floating Rate Note Index.
Investment Approach and Strategy
Strategy: Tracks a specific index (Bloomberg U.S. Investment Grade Floating Rate Note Index).
Composition Primarily holds investment-grade floating rate notes.
Market Position
Market Share: FLOT holds a significant market share within the floating rate note ETF category.
Total Net Assets (AUM): 2950000000
Competitors
Key Competitors
- iShares Floating Rate Bond ETF (FLOT)
- Invesco Senior Loan ETF (BKLN)
- First Trust Senior Loan Fund (FTSL)
Competitive Landscape
The floating rate note ETF market is moderately competitive, with FLOT being a major player. FLOT focuses on investment-grade notes, offering lower credit risk compared to BKLN and FTSL, which include senior loans with higher yields but also higher credit risk. FLOT's advantage is its focus on investment-grade bonds. This means lower yield but also lower credit risk compared to ETFs that focus on senior loans. The disadvantage is it may underperform in rising rate environments compared to lower quality debt that has a higher yield.
Financial Performance
Historical Performance: Historical performance data is readily available from the issuer and financial data providers.
Benchmark Comparison: The ETF's performance is expected to closely track the Bloomberg U.S. Investment Grade Floating Rate Note Index.
Expense Ratio: 0.08
Liquidity
Average Trading Volume
The ETF has high liquidity with an average trading volume, making it easy to buy and sell shares.
Bid-Ask Spread
The bid-ask spread is typically tight, indicating efficient trading.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rate expectations and credit spreads influence FLOT. Rising interest rates generally benefit floating rate notes.
Growth Trajectory
Growth depends on investor demand for floating rate investments, often driven by expectations of rising interest rates. There have not been any major changes to strategy and holdings
Moat and Competitive Advantages
Competitive Edge
FLOT's competitive edge lies in its focus on investment-grade floating rate notes, its low expense ratio, and the backing of a reputable issuer. It provides a liquid and transparent way to access this asset class. Compared to funds that invest in senior loans (which are also floating rate), FLOT has lower credit risk. Its low expense ratio increases investor return while tracking the index closely.
Risk Analysis
Volatility
The ETF exhibits moderate volatility, typical of fixed-income investments. The floating nature of bonds reduces interest rate risk.
Market Risk
Specific risks include credit risk (although mitigated by the investment-grade focus) and potential for underperformance relative to other asset classes.
Investor Profile
Ideal Investor Profile
Ideal for investors seeking income while mitigating interest rate risk. Suitable for those who want exposure to floating rate notes without the complexities of individual bond selection.
Market Risk
Suitable for long-term investors and passive index followers looking for income and reduced interest rate sensitivity.
Summary
SPDRu00ae Bloomberg Investment Grade Floating Rate ETF (FLOT) is a cost-effective way to gain exposure to investment-grade floating rate notes. It tracks the Bloomberg U.S. Investment Grade Floating Rate Note Index, providing a liquid and transparent way to access this asset class. The ETF is well-suited for investors seeking income while mitigating interest rate risk. Its low expense ratio and strong backing from State Street contribute to its appeal. However, investors should be aware of credit risk and the potential for underperformance relative to other asset classes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors, Bloomberg, ETF.com
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
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.