iShares Floating Rate Bond ETF FLOT CBOE

iShares Floating Rate Bond ETF is a passively managed fund that seeks to track an underlying index of floating rate fixed income securities. The fund invests at least 80% of its assets in the component securities of the underlying index, with a minimum 90% allocation to fixed income securities of types included in the index. By focusing on floating rate bonds, the fund provides exposure to debt instruments whose interest payments adjust with market conditions, potentially offering different risk and return characteristics compared to fixed rate bonds. The fund's indexing approach aims to provide cost-effective access to the floating rate bond market for investors seeking income and portfolio diversification.