TFLO
iShares Treasury Floating Rate Bond ETF
The iShares Treasury Floating Rate Bond EFT tracks a broad maturity market-value-selected and -weighted bond index of US Treasury floating rate securities.
Government
FIXED INCOME
Rules-Based
MANAGEMENT STYLE
7.2 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Government |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Feb 04, 2014 |
| Assets (mns) | $7,151 |
| Expense ratio | 15 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| TREASURY FLOATING RATE NOTE - 4.48 2026-10-31 | 14.5 % |
| TREASURY FLOATING RATE NOTE - 4.4 2025-07-31 | 14.0 % |
| TREASURY FLOATING RATE NOTE - 4.44 2025-10-31 | 13.7 % |
| TREASURY FLOATING RATE NOTE - 4.42 2026-04-30 | 13.3 % |
| TREASURY FLOATING RATE NOTE - 4.52 2026-01-31 | 13.2 % |
| TREASURY FLOATING RATE NOTE - 4.45 2026-07-31 | 11.2 % |
| TREASURY FLOATING RATE NOTE - 4.44 2025-04-30 | 10.4 % |
| TREASURY FLOATING RATE NOTE - 4.37 2027-01-31 | 9.7 % |
| BLK CSH FND TREASURY SL AGENCY | 0.0 % |
| USD CASH | 0.0 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.2% | 0.0% | -0.1% | 0.1% | 0.1% | 0.1% | -- | 0.1% |
| Dividend Yield | 0.7% | 1.9% | 3.7% | 3.9% | 2.5% | 1.8% | -- | 1.5% |
| Total Returns | 1.0% | 1.9% | 3.6% | 4.0% | 2.6% | 1.9% | -- | 1.6% | Ann. Volatility | 1.0% | 1.0% | 0.8% | 0.7% | 0.6% | 0.7% | -- | 2.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.01 | 2% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1,267 |
| ADV traded (mns) | $64 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $50.54 |
| 30d moving avg. | $50.41 |
| Annualized volatility | 0.7% |
| Relative strength (RSI) | 77 |
| Short interest | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Distribution Yield (Trailing 12 Months)
Expense Analysis
| Peer Group | Rules-Based Government Fixed Income ETFs |
| # of ETFs | 29 |
| Avg. Expense Ratio | 13.7 bp |
| Std. Deviation | 16.1 bp |
| TFLO (15 bp) Percentile rank | 53 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TFLO | 15.0 | 2.0 | 17.0 |
| Peer Avg. | 13.7 | 3.9 | 17.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .