iShares $ Floating Rate Bond UCITS ETF USD (Acc)

iShares $ Floating Rate Bond UCITS ETF USD (Acc) is an exchange-traded fund that tracks the performance of an index composed of short-maturity, US Dollar-denominated investment grade corporate bonds. Launched on 20 March 2018 and domiciled in Ireland, this accumulating ETF reinvests interest income, with assets under management around 2,809 million Euros. It provides diversified exposure to floating-rate bonds, where coupon payments adjust periodically based on reference rates like SOFR plus a fixed spread, helping mitigate interest rate risk due to low effective duration of approximately 0.02 years and weighted average maturity of 1.84 years. The portfolio holds 483 securities from high-quality issuers, including supranationals such as the International Bank for Reconstruction and Development (7.01% weight), Inter-American Development Bank (5.82%), and European Bank for Reconstruction and Development, as well as corporates like Australia and New Zealand Banking Group and Royal Bank of Canada. Denominated in USD and unhedged, it plays a key role in fixed income markets by offering capital preservation and stable income potential amid fluctuating interest rates, appealing to investors seeking short-term, low-volatility debt exposure from global financial institutions.