Continue to site >
Trending ETFs

Floating Rate Corporate Bond

Floating rate corporate bond mutual funds and ETFs invest in bonds and... Floating rate corporate bond mutual funds and ETFs invest in bonds and other types of fixed income securities, issued by companies, whose interest payments fluctuate based on an underlying reference rate. Typically, floating rate bonds (floaters) are benchmarked to a shorter term reference rate like the London Inter-Bank Offer Rate (LIBOR), which major global banks use to lend to each other. Floaters often have what are known as ‘caps’ and ‘floors’, letting investors know the maximum and minimum interest rates to be paid. A cap is a limit to the interest rate an issuer will pay, regardless of what happens to the reference rate. A floor, meanwhile, is the minimum interest rate an investor will receive. As interest payments of floaters adjust to shifts in short-term interest rates, their prices are relatively stable compared to fixed rate bonds, making them less sensitive to changing interest rates. However, floaters carry credit risk as economic uncertainty can cast doubt on the floater’s issuer to pay back interest and principal on time. Typically, investment-grade floating rate funds and ETFs attract investors concerned about the impact of interest rate risk on fixed income portion of their portfolios, especially during rising rate environments. Last Updated: 12/13/2024 View more View less

Floating rate corporate bond mutual funds and ETFs invest in bonds and other types of fixed income securities, issued by companies, whose interest payments fluctuate based on an underlying reference rate. Typically, floating... Floating rate corporate bond mutual funds and ETFs invest in bonds and other types of fixed income securities, issued by companies, whose interest payments fluctuate based on an underlying reference rate. Typically, floating rate bonds (floaters) are benchmarked to a shorter term reference rate like the London Inter-Bank Offer Rate (LIBOR), which major global banks use to lend to each other. Floaters often have what are known as ‘caps’ and ‘floors’, letting investors know the maximum and minimum interest rates to be paid. A cap is a limit to the interest rate an issuer will pay, regardless of what happens to the reference rate. A floor, meanwhile, is the minimum interest rate an investor will receive. As interest payments of floaters adjust to shifts in short-term interest rates, their prices are relatively stable compared to fixed rate bonds, making them less sensitive to changing interest rates. However, floaters carry credit risk as economic uncertainty can cast doubt on the floater’s issuer to pay back interest and principal on time. Typically, investment-grade floating rate funds and ETFs attract investors concerned about the impact of interest rate risk on fixed income portion of their portfolios, especially during rising rate environments. Last Updated: 12/13/2024 View more View less

Overview

Returns

Income

Allocations

Fees

About

Security Type
Management Style
Share Class Type
Share Class Account
As of 12/12/24

$21.14

0.00%

$8.09 B

7.50%

$1.59

9.53%

5.95%

4.32%

3.84%

0.67%

$50.95

+0.04%

$7.42 B

5.22%

$2.66

6.45%

4.69%

3.03%

2.38%

0.15%

$41.92

+0.05%

$5.63 B

7.45%

$3.12

9.61%

4.71%

4.42%

4.06%

0.70%

$30.76

+0.03%

$2.47 B

5.19%

$1.60

6.44%

4.61%

3.00%

2.40%

0.15%

First Trust Senior Loan Fund

FTSL | Active ETF

$46.45

+0.02%

$2.27 B

7.23%

$3.36

9.14%

5.71%

4.83%

4.29%

0.87%

$25.47

+0.04%

$1.40 B

5.27%

$1.34

7.59%

5.00%

3.43%

-4.13%

0.14%

$10.15

0.00%

$850.48 M

6.83%

$0.69

8.72%

6.82%

4.92%

-

0.63%

$5.94

-0.17%

$850.27 M

0.00%

-

1.19%

-4.77%

-5.96%

-1.83%

2.22%

Invesco Senior Income Trust

XVVRX | Fund | Other

$3.96

0.00%

$665.68 M

0.00%

-

-3.18%

-5.42%

-3.12%

0.40%

2.13%

$12.98

0.00%

$594.04 M

0.00%

-

2.85%

-3.76%

-3.18%

0.45%

2.78%

Nuveen Floating Rate Income Fund

XJFRX | Fund | Other

$9.31

0.00%

$549.83 M

0.00%

-

1.31%

-3.72%

-2.94%

0.42%

2.20%

$10.73

0.00%

$500.59 M

0.00%

-

-0.74%

-2.65%

-2.68%

0.96%

1.34%

$13.01

0.00%

$457.67 M

0.00%

-

-1.59%

-2.25%

-2.29%

1.11%

1.55%

Franklin Senior Loan ETF

FLBL | Active ETF

$24.37

0.00%

$443.05 M

6.31%

$1.54

9.34%

6.70%

5.22%

-

0.45%

$8.59

0.00%

$419.21 M

8.49%

$0.73

8.63%

-

-

-

2.80%

$13.27

+0.08%

$383.04 M

0.00%

-

0.00%

-2.89%

-2.51%

1.14%

2.24%

$51.40

+0.10%

$382.88 M

8.65%

$4.44

10.56%

-

-

-

0.74%

$12.97

0.00%

$370.70 M

0.00%

-

-0.31%

-3.07%

-2.50%

1.36%

1.79%

Invesco Senior Loan Fund

XSLCX | Fund | Other

$5.74

0.00%

$365.29 M

9.39%

$0.54

8.49%

5.09%

5.17%

3.27%

1.87%

$14.92

0.00%

$337.54 M

0.00%

-

4.56%

-3.44%

-2.26%

1.49%

2.82%

$10.85

0.00%

$293.43 M

0.00%

-

-1.90%

-4.02%

-4.57%

-0.20%

1.70%

$12.68

0.00%

$282.06 M

0.00%

-

-1.48%

-2.14%

-2.10%

1.21%

1.61%

$47.80

0.00%

$280.83 M

6.88%

$3.29

10.31%

6.77%

5.31%

-

0.60%

Flat Rock Core Income Fund

CORFX | Fund | Other

$20.54

+0.44%

$275.20 M

10.27%

$2.10

11.85%

8.35%

-

-

5.51%

$9.04

-0.11%

$251.48 M

8.43%

$0.76

10.82%

7.50%

6.31%

5.36%

0.03%

$6.70

+0.15%

$225.85 M

0.00%

-

-0.59%

-6.75%

-3.02%

-

5.28%

Pioneer Floating Rate Fund, Inc.

XPHDX | Fund | Other

$10.27

-0.87%

$130.77 M

0.00%

-

1.87%

-

-2.72%

0.62%

2.58%

Virtus Seix Senior Loan ETF

SEIX | Active ETF

$24.08

+0.10%

$123.37 M

7.13%

$1.71

8.99%

6.25%

5.60%

-

0.58%

Eaton Vance Senior Income Trust

XEVFX | Fund | Other

$6.14

-0.65%

$111.37 M

0.00%

-

0.65%

-3.56%

-2.35%

1.29%

2.53%

Voya Credit Income Fund

XSICX | Fund | Other

$9.67

-0.10%

$109.94 M

8.05%

$0.78

8.73%

3.07%

1.73%

2.24%

2.66%

Get the lastest fund and ETF news in your inbox each week.

Receive latest news, trending tickers, top stocks increasing dividend this week and more.

Floating Rate Corporate Bond In The News

Floating Rate Corporate Bond Research