iShares Treasury Floating Rate Bond ETF TFLO NYSE

iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund that primarily invests in U.S. Treasury floating rate securities. The fund allocates at least 80% of its assets to component securities of its underlying index and at least 90% to U.S. Treasury securities selected to track index performance. The underlying index is a market capitalization-weighted index designed to measure the performance of floating rate public obligations issued by the U.S. Treasury. By focusing on floating rate instruments, the fund provides investors with exposure to Treasury securities whose interest rates adjust periodically, offering potential benefits in changing rate environments.