State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF
SPDR SERIES TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF is a global bond index ETF that tracks the Bloomberg U.S. Dollar Floating Rate Note ≤ 5 Years Index.
- Asset class
- Bonds
- Region
- Global
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q4
The State Street SPDR Bloomberg Investment Grade Floating Rate ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the market for U.S. dollar-denominated, investment grade floating rate notes with maturities greater than or equal to one month and less than five years.
The fund tracks the Bloomberg U.S. Dollar Floating Rate Note ≤5 Years Index using a sampling strategy, holding a subset of investment-grade floating-rate notes maturing between one month and five years. Because the fund samples rather than holds all index constituents, its performance may diverge from the index. The fund concentrates its holdings in whatever industries dominate the index, which as of the filing date were financial and industrial sectors.
| Share class | Expense ratio |
|---|---|
| FLRN | 0.15% |
Portfolio turnover 42.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 99.02% |
| Cash & short-term | 2.57% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 25.5% |
| Financials | 25.0% |
| Government | 24.9% |
| Other | 16.4% |
| 8 smaller | 8.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: HSBC HOLDINGS PLC, TOYOTA MOTOR CREDIT CORP, PSP CAPITAL INC, BANK OF AMERICA CORP, ELI LILLY & CO, AMERICAN HONDA FINANCE, GEORGIA POWER CO, MIZUHO BANK LTD
Largest exited: EUROPEAN BK RECON & DEV, KOMMUNALBANKEN AS, ASIAN DEVELOPMENT BANK, NORDIC INVESTMENT BANK, INTL BK RECON & DEVELOP, GENERAL ELECTRIC CO, GOLDMAN SACHS BANK USA, ASIAN INFRASTRUCTURE INV
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 21.1% |
| 1-3y | 60.6% |
| 3-5y | 18.0% |
| 5-10y | 0.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 100% |
| Interest rates | 0% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +1.40 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 20% |
| 1 yr | 0.00 yr | 52% |
| 5 yr | 0.00 yr | 28% |
| 10 yr | 0.00 yr | 0% |
| 3 mo | 0.08 yr | 6% |
| 1 yr | 0.77 yr | 55% |
| 5 yr | 0.56 yr | 40% |
| 10 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.08 | +0.00 | $23.1k | $0 |
| 1 yr | +0.00 | +0.77 | +0.00 | $227.7k | $0 |
| 5 yr | +0.00 | +0.56 | +0.00 | $164.9k | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $84 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| GVMXX | State Street Global AdvisorsGVMXX | 2.57% | $76.12M | — |
| — | EUROPEAN BK RECON & DEV3.99% floating · due 2028-02-20 | 1.20% | $35.55M | — |
| — | INTL BK RECON & DEVELOP4.09% floating · due 2027-08-19 | 0.90% | $26.70M | — |
| — | EUROPEAN BK RECON & DEV3.96% floating · due 2029-02-16 | 0.83% | $24.58M | — |
| — | INTL BK RECON & DEVELOP4.02% floating · due 2027-01-12 | 0.83% | $24.53M | — |
| — | EUROPEAN BK RECON & DEV4.07% floating · due 2030-07-22 | 0.78% | $23.03M | — |
| — | INTL FINANCE CORP3.97% floating · due 2028-08-28 | 0.70% | $20.80M | — |
| — | INTL BK RECON & DEVELOP3.96% floating · due 2026-09-23 | 0.70% | $20.71M | — |
| — | KOMMUNALBANKEN AS4.06% floating · due 2029-04-09 | 0.69% | $20.47M | — |
| — | INTER-AMERICAN DEVEL BK4.04% floating · due 2030-03-13 | 0.67% | $19.73M | — |
Top 10 positions are 9.85% of net assets, top 25 18.68%, across 172 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free