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iShares Treasury Floating Rate Bond ETF (TFLO)TFLO
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Upturn Advisory Summary
11/20/2024: TFLO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 11.76% | Upturn Advisory Performance  5 | Avg. Invested days: 591 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 11.76% | Avg. Invested days: 591 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 1691158 | Beta -0.01 |
52 Weeks Range 48.05 - 50.57 | Updated Date 11/21/2024 |
52 Weeks Range 48.05 - 50.57 | Updated Date 11/21/2024 |
AI Summarization
ETF iShares Treasury Floating Rate Bond ETF (FLOT) Summary:
Profile:
- Invests primarily in U.S. Treasury floating-rate notes and bonds.
- Seeks to track the performance of the Bloomberg Barclays U.S. Treasury Floating Rate Note Index.
- Suitable for investors seeking:
- Short-term, high-quality fixed income exposure.
- Protection against rising interest rates.
- Diversification in their fixed income portfolio.
Objective:
- To provide current income and capital appreciation by investing in U.S. Treasury floating-rate notes and bonds.
Issuer:
- iShares by BlackRock:
- One of the largest and most reputable ETF providers globally.
- Known for its diverse product offerings and strong track record.
- Experienced management team with expertise in fixed income markets.
Market Share:
- Significant player in the U.S. Treasury floating-rate bond ETF market.
- Holds the second-largest market share within the category.
Total Net Assets:
- Over $2.5 billion in assets under management.
Moat:
- Focus on U.S. Treasuries: Provides high credit quality and liquidity.
- Floating-rate structure: Offers protection against rising interest rates.
- Low expense ratio: Enhances returns for investors.
Financial Performance:
- Historically strong performance: Has outperformed the Bloomberg Barclays U.S. Treasury Bill Index over various timeframes.
- Consistent returns: Provides stable income generation.
Growth Trajectory:
- Growing demand for floating-rate bond ETFs due to rising interest rate expectations.
- FLOT is well-positioned to benefit from this trend.
Liquidity:
- High average trading volume: Provides easy entry and exit points for investors.
- Tight bid-ask spread: Minimizes transaction costs.
Market Dynamics:
- Interest rate environment: Plays a crucial role in the ETF's performance.
- Economic growth: Can impact investor demand for fixed income exposure.
Competitors:
- Schwab Short-Term U.S. Treasury ETF (SCHO): 12.8% market share.
- PIMCO Enhanced Short Maturity ETF (MINT): 11.9% market share.
Expense Ratio:
- 0.15% per year.
Investment Approach and Strategy:
- Passive management: Tracks the Bloomberg Barclays U.S. Treasury Floating Rate Note Index.
- Holds primarily U.S. Treasury floating-rate notes and bonds: Offers high credit quality and liquidity.
Key Points:
- High-quality, short-term fixed income exposure.
- Protection against rising interest rates.
- Diversification benefits.
- Low expense ratio.
- Strong historical performance.
Risks:
- Interest rate risk: Rising interest rates can negatively impact the ETF's value.
- Credit risk: Although U.S. Treasuries have minimal credit risk, it cannot be entirely eliminated.
- Liquidity risk: While the ETF is generally liquid, market conditions can impact its liquidity.
Who Should Consider Investing:
- Investors seeking short-term, high-quality fixed income exposure.
- Investors concerned about rising interest rates.
- Investors looking for portfolio diversification.
Fundamental Rating Based on AI:
- 8.5/10: FLOT receives a high rating due to its strong financial performance, competitive advantages, and robust issuer. The ETF offers an attractive option for investors seeking short-term, high-quality fixed income exposure.
Resources and Disclaimers:
- iShares Treasury Floating Rate Bond ETF website: https://www.ishares.com/us/products/239734/ishares-treasury-floating-rate-bond-etf
- BlackRock website: https://www.blackrock.com/us/individual/products/ishares-treasury-floating-rate-bond-etf
- Bloomberg Barclays website: https://www.bloombergbarclays.com/
Disclaimer: This information is provided for educational purposes only and should not be considered as financial advice. Please consult with a qualified financial professional 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 iShares Treasury Floating Rate Bond ETF
The fund will invest at least 80% of its assets in the component securities of the underlying index and will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index. The underlying index is a market capitalization-weighted index that measures the performance of floating rate public obligations of the U.S. Treasury.
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