FLTR tracks the Market Vectors US Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar-denominated floating rate notes issued by corporate issuers and rated investment grade by at least one of the three rating services: Moody’s, S&P or Fitch, according to Market Vectors.
FLOT charges 0.2% per year and has a 30-day SEC yield of 0.4%. FLTR’s 30-day SEC yield is 0.59%.
Market Vectors Investment Grade Floating Rate
ETF Trends editorial team contributed to this post.
