Overview
Investment-grade bank paper with coupons that reset quarterly — 450 floating-rate notes immune to duration by construction.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
The hiking cycle's cleanest winner: coupons float up with every Fed move, so FLTR returned +4.9% with near-zero price volatility while fixed-rate funds whipsawed. With rates staying higher for longer, 4.6% from IG banks at a 0.14% fee is the free lunch of the bond market.
Who It's For
Conservative income investors who want today's high short rates to keep paying them — without betting on any rate direction.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $25.27 | -- |
| 2018 | $24.69 | -2.3% |
| 2019 | $25.31 | +2.5% |
| 2020 | $25.29 | -0.1% |
| 2021 | $25.27 | -0.1% |
| 2022 | $24.88 | -1.5% |
| 2023 | $25.15 | +1.1% |
| 2024 | $25.45 | +1.2% |
| 2025 | $25.48 | +0.1% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.18% |
| 2022 | 2.29% |
| 2023 | 6.07% |
| 2024 | 5.93% |
| 2025 | 4.97% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $3.1B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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