Fixed Income

TFLO

iShares Treasury Floating Rate Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
0.30 0.58 1.05 - 0.74
Market Price (%) 0.39 0.61 1.06 - 0.74
Benchmark (%) 0.47 0.72 1.18 - 0.84
After Tax Pre-Liq. (%) 0.24 0.36 0.64 - 0.46
After Tax Post-Liq. (%) 0.18 0.35 0.63 - 0.44
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.34 0.07 0.21 0.34 0.30 1.76 5.37 - 6.35
Market Price (%) 0.41 0.10 0.25 0.41 0.39 1.83 5.42 - 6.43
Benchmark (%) 0.42 0.10 0.27 0.42 0.47 2.19 6.04 - 7.33
After Tax Pre-Liq. (%) 0.28 0.05 0.17 0.28 0.24 1.08 3.26 - 3.91
After Tax Post-Liq. (%) 0.20 0.04 0.13 0.20 0.18 1.06 3.18 - 3.78
  2017 2018 2019 2020 2021
Total Return (%) 0.91 1.82 2.08 0.46 -0.04
Market Price (%) 0.93 1.86 2.04 0.44 -0.02
Benchmark (%) 1.06 1.94 2.22 0.61 0.12
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Want to know more about TFLO?
Learn more about the what and why of Treasury Floating Rate Notes.
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Key Facts

Key Facts

Net Assets of Fund as of Aug 10, 2022 $2,100,105,480
Fund Launch Date Feb 03, 2014
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Bloomberg U.S. Treasury Floating Rate Index
Bloomberg Index Ticker BTFLTRUU
Shares Outstanding as of Aug 10, 2022 41,700,000
Distribution Frequency Monthly
Premium/Discount as of Aug 09, 2022 0.04%
CUSIP 46434V860
Closing Price as of Aug 10, 2022 50.38
30 Day Avg. Volume as of Aug 09, 2022 596,993.00
30 Day Median Bid/Ask Spread as of Aug 09, 2022 0.02%
Daily Volume as of Aug 10, 2022 813,695.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Aug 09, 2022 6
Equity Beta (3y) as of Jul 31, 2022 0.00
30 Day SEC Yield as of Aug 09, 2022 2.09%
12m Trailing Yield as of Aug 09, 2022 0.34%
Standard Deviation (3y) as of Jul 31, 2022 0.24%
Average Yield to Maturity as of Aug 09, 2022 2.52%
Weighted Avg Coupon as of Aug 09, 2022 2.63
Weighted Avg Maturity as of Aug 09, 2022 0.61 yrs
Effective Duration as of Aug 09, 2022 0.01 yrs
Convexity as of Aug 09, 2022 0.00
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jul 21, 2022 A
MSCI ESG % Coverage as of Jul 21, 2022 100.00%
MSCI ESG Quality Score (0-10) as of Jul 21, 2022 5.8
MSCI ESG Quality Score - Peer Percentile as of Jul 21, 2022 87.50%
Fund Lipper Global Classification as of Jul 21, 2022 Bond USD Government Short Term
Funds in Peer Group as of Jul 21, 2022 48
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Jul 21, 2022 0.00%
All data is from MSCI ESG Fund Ratings as of Jul 21, 2022, based on holdings as of Jun 30, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Fees

Fees

as of current prospectus
Management Fee 0.15%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.15%

Ratings

Holdings

Holdings

as of Aug 09, 2022
Issuer Weight (%)
UNITED STATES TREASURY 95.62
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Holdings are subject to change.

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Aug 09, 2022

% of Market Value

Type Fund
as of Aug 09, 2022

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of Aug 09, 2022

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Literature

Literature

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