Industry Sales: Not applicable
TOP 3 Markets: USA (100%)

The iShares Treasury Floating Rate Bond ETF (TFLO) invests in US Treasury bonds with variable interest rates. As an ETF that exclusively invests in US Treasury bonds, it does not generate sales from various industries. The income comes from the interest payments on these bonds.

The market for TFLO is entirely focused on the USA since the ETF invests in US Treasury bonds. Therefore, the USA is the only relevant market with a share of 100%.

Production: Not applicable

The iShares Trust - iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund (ETF) and not a company that manufactures physical products. TFLO invests in US Treasury bonds with variable interest rates. Therefore, there is no production site as the ETF does not produce physical products. The fund is managed by BlackRock, one of the largest asset managers globally.

Current Strategy: Increase investments in variable-rate government bonds (2025)

Objective: Protection against interest rate risks and inflation hedging

The iShares Treasury Floating Rate Bond ETF (TFLO) pursues a strategy focused on acquiring US government bonds with variable interest rates. These bonds adjust their interest rates regularly, protecting the fund from interest rate risks.

In an environment of rising interest rates, this strategy offers the advantage that the fund's interest income can increase with market rates. This makes the ETF particularly attractive to investors seeking protection against inflation and interest rate changes.

Future growth is aimed at by increasing the allocation in variable-rate bonds and diversifying within this segment. This is intended to further enhance the fund's income stability and attractiveness to risk-averse investors.

Commodities/Materials: No specific commodities

The iShares Treasury Floating Rate Bond ETF (TFLO) invests in US Treasury bonds with variable interest rates. As a financial fund investing in bonds, it does not import physical commodities or materials. Instead, its portfolio consists of financial assets issued by the US government.

The fund is designed to provide investors with exposure to short-term US Treasury bonds with variable interest rates, and therefore is not directly dependent on imports or physical materials.

Current Net Asset Value (NAV): $50.12 (2025)
Assets Under Management (AUM): $3.5 billion (2025)
Total Expense Ratio: 0.15% (2025)

The iShares Treasury Floating Rate Bond ETF (TFLO) provides investors with access to US Treasury bonds with variable interest rates, making it particularly attractive in times of rising interest rates. Its competitive advantage lies in the low total expense ratio of 0.15%, which is competitive compared to other ETFs in the same segment.

Another advantage is the assets under management of $3.5 billion, signaling a certain level of liquidity and stability. The strong iShares brand and the support of BlackRock, the world's largest asset manager, further enhance the competitive advantage.

Overall, TFLO offers a niche strategy through its specific focus on variable-rate Treasury bonds, which can be particularly advantageous in certain market conditions.

Institutional Investor Share: approximately 65% (estimated for 2025)

Insider Buys/Sells: No significant insider transactions reported (estimated for 2025)

The iShares Treasury Floating Rate Bond ETF (TFLO) is a popular ETF among institutional investors as it provides a way to invest in US Treasury bonds with variable interest rates. The institutional investor share is typically high, as such ETFs are often used by pension funds, insurance companies, and other large financial institutions to manage interest rate risk.

Insider buys or sells are rare in ETFs like TFLO, as it is a fund and not a single company. Therefore, no significant insider transactions are expected.

Market share of iShares Treasury Floating Rate Bond ETF (TFLO): Estimate: approx. 12% (2025)

Top competitors and their market shares:

1. SPDR Bloomberg Barclays Floating Rate Treasury ETF (USFR): approx. 15%
2. Invesco Treasury Collateral ETF (CLTL): approx. 10%
3. Goldman Sachs Access Treasury ETF (GBIL): approx. 9%
4. Vanguard Ultra-Short Bond ETF (VUSB): approx. 8%
5. Schwab Short-Term U.S. Treasury ETF (SCHO): approx. 7%

Moat of iShares TFLO:

iShares TFLO has a moderate moat, primarily based on the strong iShares brand and broad distribution by BlackRock. The ETF benefits from the reputation and trustworthiness associated with the iShares brand, giving it a certain advantage.

However, the moat is not significantly stronger than that of the competition. Other ETFs, such as the SPDR Bloomberg Barclays Floating Rate Treasury ETF, also have strong brands and offer comparable products with similar cost structures. The market for Treasury ETFs is highly competitive, and the differences between providers are often marginal.

Overall, iShares TFLO has a solid but not outstanding moat compared to its competitors. The choice of a specific ETF often depends on investors' specific investment goals and preferences rather than a clear, dominant advantage of a single provider.

Total Expense Ratio (TER): 0.15% (2023)
Fund Size: 1.5 billion USD (2023)
Average Return of the Last 3 Years: 1.8% p.a. (2023)

The iShares Treasury Floating Rate Bond ETF (TFLO) invests in US Treasury bonds with variable interest rates. This type of bonds provides protection against interest rate risks as the interest rates are regularly adjusted to the current market rate. This can be particularly advantageous in a rising interest rate environment, as the bond yields increase accordingly.

The Total Expense Ratio of 0.15% is relatively low, making the ETF a cost-effective way to invest in US Treasury bonds. The fund size of 1.5 billion USD indicates that the ETF has a certain market acceptance and liquidity, which is beneficial for investors.

The average return of 1.8% p.a. over the last three years reflects the conservative nature of this investment. For investors seeking a stable and low-risk investment, TFLO could be a suitable option, especially in times of economic uncertainty or rising interest rates.

Overall, the iShares Treasury Floating Rate Bond ETF could be a good investment for investors who value capital protection and moderate returns without exposing themselves to stock market fluctuations.

Dividend yield: Estimate 2.5% - 3.0% (2025)

The iShares Treasury Floating Rate Bond ETF (TFLO) regularly pays dividends, which come from the interest on the US Treasury bonds with variable interest rates held in the fund. These distributions are typically monthly and can vary depending on the interest rate environment.

The reliability of the distribution is high as it depends on the interest payments of the US Treasury bonds, which are considered very secure. However, the amount of the dividend can fluctuate as it is directly correlated with current interest rates. In a rising interest rate environment, the distributions could tend to be higher.