ETF · iShares
FLOA iShares USD Floating Rate Bond UCITS ETF USD
ISIN IE00BDFGJ627London Stock Exchange: FLOABlackRock, Inc.
- Cash-like & short-term
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$6.65
on
- Ongoing charge
- 0.10% a year
- Fund size
- £2.4bn
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, FLOA (iShares USD Floating Rate Bond UCITS ETF USD, ISIN IE00BDFGJ627) closed at $6.65 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +26.2%, or −1.4% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +5.6%
- +2.3% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +8.1%
- −2.5% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +26.2%
- −1.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,262 on 30/09/2026 — about £986 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 +13.6%, 2023 +0.8%, 2024 +7.6%, 2025 −2.3%; 2026 to 30/09/2026 +5.0%. Returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +5.1%; to 30/09/2025: +5.4%; to 30/09/2024: −2.4%; to 30/09/2023: −4.0%; to 30/09/2022: +23.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +5.0% | +2.1% | |
| −2.3% | −5.6% | ||
| +7.6% | +4.0% | ||
| +0.8% | −3.2% | ||
| +13.6% | +4.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +5.1% | Not available |
| from | +5.4% | +1.3% |
| from | −2.4% | −4.9% |
| from | −4.0% | −9.7% |
| from | +23.6% | +13.6% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
7.7%over 5 years
| 1 year | 5.7% |
|---|---|
| 3 years | 6.3% |
| 5 years | 7.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −11.7%
- From to
- Lowest 12-month return
- −5.2%
- 12 months to
- Highest 12-month return
- +24.5%
- 12 months to
- Below its highest weekly close since October 2021
- 0.7%
- High of , latest
In words: Volatility of iShares USD Floating Rate Bond UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 5.7% over 1 year, 6.3% over 3 years, 7.7% over 5 years. Largest fall in the price of iShares USD Floating Rate Bond UCITS ETF USD since October 2021, in pounds: −11.7% from 23/09/2022 to 14/07/2023. The lowest 12-month return of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −5.2% (12 months to 30/01/2026); the highest was +24.5% (12 months to 21/10/2022). On 30/09/2026 the price of iShares USD Floating Rate Bond UCITS ETF USD was 0.7% below its highest weekly close since October 2021 (17/01/2025), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 7 charge less
- 13 the same
- 10 charge more
Ongoing charge of iShares USD Floating Rate Bond UCITS ETF USD 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares USD Floating Rate Bond UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2018.
It tracks the Bloomberg US Floating Rate Notes (<5 Y).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Cash-like & short-term: Very short-term loans and money-market funds that aim to follow interest rates with little price movement.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- FLOA
- ISIN
- IE00BDFGJ627
- Provider
- iShares
- Tracks
- Bloomberg US Floating Rate Notes (<5 Y)
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £2.4bn
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- USD
- Category
- Cash-like & short-term
Price chart
Since 31/07/2026, the closing price went from $6.60 on 31/07/2026 to $6.65 on 30/09/2026 (+0.7%). The lowest close shown was $6.60 on 31/07/2026 and the highest $6.65 on 30/09/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Inter-American Development Bank Mtn | 3.80% |
| 2 | International Bank for Reconstruct Mtn | 3.67% |
| 3 | European Bank for Reconstruction A Mtn | 3.12% |
| 4 | International Bank for Reconstruct | 2.82% |
| 5 | Australia and New Zealand Banking Mtn 144A | 2.02% |
| 6 | Kommunalbanken As Mtn 144A | 1.69% |
| 7 | National Australia BankNAB | 1.64% |
| 8 | International Finance Corp Mtn | 1.58% |
| 9 | Hyundai Capital America Mtn 144A | 1.56% |
| 10 | Asian Development Bank Mtn | 1.53% |
Source: iShares, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Banking46.5%
- Supranational19.5%
- Consumer Cyclical8.7%
- Owned No Guarantee6.0%
- Insurance4.5%
- Capital Goods3.1%
- Health Care2.7%
- Cash and derivatives1.4%
- Other sectors7.5%
By country
- United States35.6%
- Supranational19.5%
- Australia7.6%
- Canada5.8%
- United Kingdom5.0%
- Japan4.9%
- South Korea3.8%
- Germany2.7%
- Other countries15.1%
By type of asset
- Bonds98.6%
- Cash and money market1.5%
274 holdings are listed for this fund. All 274 holdings of FLOA, with the full split by sector, country and type of asset.
More of the portfolio
The fund publishes 274 holdings; the ten largest make up 23.4% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
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Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
4 funds track Bloomberg US Floating Rate Notes (<5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.15% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)Distributing · Currency hedged · 0.12% a year | +4.3% | +22.6% |
| iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXNAccumulating · Currency hedged · 0.15% a year | Not reported | Not reported |
| iShares USD Floating Rate Bond UCITS ETF Unhedged USDDistributing · Currency hedged · 0.10% a year | +6.0% | +27.5% |
| iShares USD Floating Rate Bond UCITS ETF USDThis fundAccumulating · 0.10% a year | +5.6% | +26.2% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)Distributing · Currency hedged · 0.12% a year · IE00BF7TPM11
- iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXNAccumulating · Currency hedged · 0.15% a year · IE00BDDRDZ46
- iShares USD Floating Rate Bond UCITS ETF Unhedged USDDistributing · Currency hedged · 0.10% a year · IE00BZ048462
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of FLOA?
The ongoing charge of FLOA is 0.10% a year — about £10 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares USD Floating Rate Bond UCITS ETF USD 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once).
What does FLOA track?
FLOA tracks the Bloomberg US Floating Rate Notes (<5 Y).
Is FLOA accumulating or distributing?
FLOA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of FLOA?
The ISIN of FLOA is IE00BDFGJ627. An ISIN identifies one exact share class of a fund; FLOA is its ticker on the London Stock Exchange.
What were FLOA’s returns in each of the last five years?
Calendar-year returns of FLOA in pounds (price, with income reinvested in the fund): 2022 +13.6%, 2023 +0.8%, 2024 +7.6%, 2025 −2.3%; 2026 to 30/09/2026 +5.0%. Past performance is not a guide to future returns.
How has FLOA done after inflation?
Over the five years to 30/09/2026 FLOA’s total return was +26.2%, or −1.4% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- iShares, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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