Index
Funds that track the Bloomberg US Floating Rate Notes (<5 Y)
5 UK-listed funds Fundology covers track the Bloomberg US Floating Rate Notes (<5 Y). Ongoing charges run from 0.10% (FLO5 and FLOA) to 0.15% a year, as of 09/10/2026.
At a glance
- Funds
- 5
- Providers
- 1
- Ongoing charges
- 0.10% to 0.15%
- Accumulating · distributing
- 2 · 3
The lowest ongoing charge among the 5 Bloomberg US Floating Rate Notes (<5 Y) funds Fundology tracks is 0.10% a year (FLO5 and FLOA), as of 09/10/2026. A lower charge does not guarantee a better return.
2 accumulate their income and 3 pay it out; 3 are currency-hedged share classes. Each fund is listed once, by one share class; its other share classes are on its own page.
By fund size, the 5 largest are FLOA (£2.5bn), 0A0A (£404m), FLO5 (£290m), FLOS (£54.5m) and 0FLE (£40.2m), as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
All are funds from iShares (5).
Terms:Index fundsOngoing charges figureTracking differenceAccumulating or incomeCurrency hedging
Past returns, side by side
Over the five years to 09/10/2026, total returns with income reinvested ranged from +13.5% (0FLE) to +28.6% (FLOA); the median of 4 funds was +25.6%.
Over the three years to 09/10/2026, total returns with income reinvested ranged from +7.9% (FLOA) to +16.7% (FLOS); the median of 4 funds was +8.8%.
Over the year to 09/10/2026, total returns with income reinvested ranged from +0.1% (0FLE) to +5.8% (FLO5); the median of 4 funds was +5.0%.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 yearIncome reinvested · to | 4 | +0.1% 0FLE | +5.0% | +5.8% FLO5 |
| 3 yearsIncome reinvested · to | 4 | +7.9% FLOA | +8.8% | +16.7% FLOS |
| 5 yearsIncome reinvested · to | 4 | +13.5% 0FLE | +25.6% | +28.6% FLOA |
Source: TradingView reported returns, and Fundology’s own from daily closes where none is reported, as of
How we work it out:ReturnsReturns after inflationTotal return
Funds that track the Bloomberg US Floating Rate Notes (<5 Y) (5)
All 5 funds that track the Bloomberg US Floating Rate Notes (<5 Y), one share class each, listed by name. An order is not a ranking of quality.
| Fund | Charge | Size | 1 year | 3 years | 5 years | 5 years after inflation |
|---|---|---|---|---|---|---|
| 0FLE iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)Distributing · Hedged to EUR | 0.12% | £40.2m | +0.1% | +8.8% | +13.5% | −11.2% |
| FLOS iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)Distributing · Hedged to GBP | 0.12% | £54.5m | +4.3% | +16.7% | +22.8% | −4.0% |
| 0A0A iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXNAccumulating · Hedged to MXN | 0.15% | £404m | +9.2%price | +21.8%price | +91.0%price | +49.3%price |
| FLO5 iShares USD Floating Rate Bond UCITS ETF Unhedged USDDistributing | 0.10% | £290m | +5.8% | +8.8% | +28.3% | +0.3% |
| FLOA iShares USD Floating Rate Bond UCITS ETF USDAccumulating | 0.10% | £2.5bn | +5.6% | +7.9% | +28.6% | +0.5% |
Source: TradingView (returns, size and most charges), fund issuers (some charges), ONS CPIH (inflation), as of , at least 15 min delayed
Questions people ask
How many UK funds track the Bloomberg US Floating Rate Notes (<5 Y)?
5 UK-listed funds Fundology covers track the Bloomberg US Floating Rate Notes (<5 Y), as of 09/10/2026. 2 accumulate their income and 3 pay it out; 3 are currency-hedged share classes. All are iShares funds. Each fund is listed once, by one share class; its other share classes are on its own page.
Which Bloomberg US Floating Rate Notes (<5 Y) fund has the lowest ongoing charge?
The lowest ongoing charge among the 5 Bloomberg US Floating Rate Notes (<5 Y) funds Fundology tracks is 0.10% a year (FLO5 and FLOA), as of 09/10/2026. A lower charge does not guarantee a better return.
What is the largest Bloomberg US Floating Rate Notes (<5 Y) fund in the UK?
By fund size, FLOA (iShares USD Floating Rate Bond UCITS ETF USD) is the largest of the 5 funds here, at £2.5bn as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
What is the difference between the accumulating and distributing versions?
An accumulating share class reinvests the income from its holdings inside the fund, so it shows up as a rising price; a distributing class pays it out to holders as cash, usually a few times a year. Of the 5 Bloomberg US Floating Rate Notes (<5 Y) funds here, 2 accumulate and 3 distribute.
How is this list ordered?
Listed by name unless ordered by ongoing charge. No order on this page is a ranking or a recommendation.