State Street SPDR Bloomberg Investment Grade Floating Rate ETF
State Street SPDR Bloomberg Investment Grade Floating Rate ETF (AMEX: FLRN) is an exchange-traded fund listed on NYSE Arca, trading at $30.83 (about ₹2,956 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.15% and holds 556 securities. Indian residents can buy FLRN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$30.82
Today's high
$30.83
52 week low
$30.63
52 week high
$30.87
FLRN opened at $30.83, closed previously at $30.82, and has traded between $30.63 and $30.87 over the past 52 weeks.
About
The State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) aims to mirror, before fees and expenses, the price and income returns of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. This ETF provides investors with access to investment-grade debt securities that pay adjustable interest rates, typically with a fixed premium above a benchmark. For inclusion in the underlying index, these securities must have a remaining term of at least one month but less than five years, and command an outstanding principal amount of $300 million or more. The index's composition is updated and rebalanced on the final business day of every month.
Key statistics
Expense ratio
0.15%
Assets (AUM)
$3.1B
Holdings
556
NAV
$30.80
Avg. volume
—
1-year price change
-0.03%
5-year price change
+0.62%
Price change excludes dividends.
Top 10 holdings
FLRN holds 556 securities in total. These 10 are 9.3% of the fund.
Where the money is invested
Countries
How to buy FLRN from India
Indian residents can buy FLRN units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search FLRN and buy
Find the fund by its ticker, FLRN, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in FLRN from India
Trading and taxes when buying FLRN from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the FLRN price today?
State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) last traded at $30.83 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,956 a unit at the 26 Sep 2026 USD/INR rate.
When does FLRN trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is FLRN, and what does it cost to hold?
State Street SPDR Bloomberg Investment Grade Floating Rate ETF manages about $3.1B. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2011.
What are FLRN's largest holdings?
The top three are SSI US GOV MONEY MARKET CLASS (1.7%), EUROPEAN BK RECON + DEV SR UNSECURED 02/28 VAR (1.2%) and INTL BK RECON + DEVELOP SR UNSECURED 08/27 VAR (1.0%). FLRN's 10 largest positions make up 9.3% of the fund.
Does FLRN pay dividends?
Yes. FLRN is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on FLRN taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of FLRN?
Yes. You can buy FLRN by amount rather than by whole unit, and there is no minimum trade size.
How has FLRN performed?
FLRN's price is down 0.0% over the past year and up 0.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.