State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Dec 1, 2011
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg US Dollar Floating Rate Note < 5 Years Index. The fund employs a sampling strategy to invest primarily in U.S. dollar-denominated, investment-grade floating rate notes with remaining maturities between one month and five years, rated at least Baa3 by Moody's or BBB- by S&P or Fitch; its portfolio typically includes securities issued by entities such as the European Bank for Reconstruction and Development, International Bank for Reconstruction and Development, and various corporate and supranational borrowers. Launched on November 30, 2011, and domiciled in the United States, FLRN is issued and managed by State Street Global Advisors (SSGA), the investment management arm of State Street Corporation headquartered in Boston, Massachusetts, with assets under management of approximately $2.7 billion, a net expense ratio of 0.15%, and monthly dividend distributions. The fund targets investors seeking income from short-term, low-duration fixed income exposure with limited interest rate sensitivity, primarily serving institutional and financial intermediary clients in the ultrashort bond category. In recent developments, SSGA, the fund's sponsor, rebranded as State Street Investment Management in 2025 to emphasize its integrated approach across State Street Corporation; additionally, SSGA announced a strategic partnership and equity investment in Ethic Inc. in April 2025 as part of a $64 million Series D funding round to deliver customized, values-aligned investment solutions including separately managed accounts and model portfolios.