Variable Rate & Senior Loan Screener

Floating Rate ETFs 2026

Discover top floating-rate ETFs. Screen senior secured loans, floating-rate Treasuries, and AAA collateralized loan obligations (CLOs) with short duration and coupons that reset with benchmark rates.

Total Funds

Floating Rate ETFs tracked

Total AUM

$125.20B

Combined assets under management

Median Yield

5.60%

Trailing 12-month median payout

Average Expense Ratio

0.39%

Lowest fee starts at 0.14% (FLTR)

Floating Rate ETFs Highlights & Top Assets by AUM

Largest by AUM

JAA

JAAA

Janus Detroit Street Trust - Janus Henderson AAA CLO ETF

AUM $31.63B

Fee 0.20%

3-Mo TR +1.2%

Janus Henderson Analyze fund

#2 by AUM

USF

USFR

WisdomTree Floating Rate Treasury Fund

AUM $19.77B

Fee 0.15%

3-Mo TR +1.1%

WisdomTree, Inc. Analyze fund

#3 by AUM

PAA

PAAA

PGIM AAA CLO ETF

AUM $13.84B

Fee 0.19%

3-Mo TR +1.2%

Prudential Analyze fund

Floating Rate ETFs Directory

Showing 1–20 of 42 funds

Ticker / Fund Name	Issuer	Segment	AUM	Expense Ratio	3-Mo TR	Div. Yield (TTM)	Annual Payout	5Y Div Growth	Div Streak	Action
JAA JAAA Janus Henderson Janus Detroit Street Trust - Janus Henderson AAA CLO ETF	Janus Henderson	Investment-grade floating-rate senior loans (global)	$31.63B	0.20%	+1.2%	4.85%	$2.45	31.81%	-	Analyze
USF USFR WisdomTree, Inc. WisdomTree Floating Rate Treasury Fund	WisdomTree, Inc.	Investment-grade floating-rate Treasury bonds (US)	$19.77B	0.15%	+1.1%	3.41%	$1.72	184.46%	-	Analyze
PAA PAAA Prudential PGIM AAA CLO ETF	Prudential	Investment-grade floating-rate senior loans (US)	$13.84B	0.19%	+1.2%	4.39%	$2.25	-	-	Analyze
FLO FLOT BlackRock, Inc. iShares Floating Rate Bond ETF	BlackRock, Inc.	Investment-grade floating-rate aggregate bonds (US)	$11.12B	0.15%	+1.0%	4.25%	$2.17	31.17%	-	Analyze
TFL TFLO BlackRock, Inc. iShares Treasury Floating Rate Bond ETF	BlackRock, Inc.	Investment-grade floating-rate Treasury bonds (US)	$6.94B	0.15%	+1.0%	3.74%	$1.89	359.75%	-	Analyze
BKLN Invesco Invesco Exchange-Traded Fund Trust II - Invesco Senior Loan ETF	Invesco	High-yield floating-rate senior loans (US)	$6.58B	0.65%	+2.5%	5.85%	$1.20	12.98%	-	Analyze
SRL SRLN State Street SPDR Blackstone Senior Loan ETF	State Street	High-yield floating-rate senior loans (global)	$5.54B	0.70%	+2.5%	7.30%	$2.95	7.16%	-	Analyze
FLT FLTR VanEck VanEck Investment Grade Floating Rate ETF	VanEck	Investment-grade floating-rate corporate bonds (US)	$3.39B	0.14%	+1.1%	4.49%	$1.15	27.36%	-	Analyze
FLR FLRN State Street SPDR® Bloomberg Investment Grade Floating Rate ETF	State Street	Investment-grade floating-rate aggregate bonds (US)	$3.07B	0.15%	+1.0%	3.96%	$1.22	32.23%	-	Analyze
VRP Invesco Invesco Variable Rate Preferred ETF	Invesco	Floating-rate preferred securities (US)	$3.00B	0.50%	-1.6%	5.73%	$1.36	7.97%	1 y	Analyze
FTS FTSL First Trust First Trust Senior Loan Fund	First Trust	High-yield floating-rate senior loans (global)	$2.43B	0.70%	+1.3%	5.81%	$2.59	14.58%	-	Analyze
CLO CLOA BlackRock, Inc. BlackRock AAA CLO ETF	BlackRock, Inc.	Investment-grade floating-rate senior loans (US)	$2.34B	0.20%	+1.2%	4.82%	$2.50	-	-	Analyze
VRI VRIG Invesco Invesco Variable Rate Investment Grade ETF	Invesco	Investment-grade floating-rate aggregate bonds (US)	$1.85B	0.30%	+0.9%	4.55%	$1.14	26.13%	-	Analyze
CLO CLOI VanEck VanEck ETF Trust - VanEck CLO ETF	VanEck	Floating-rate senior loans (global)	$1.64B	0.36%	+1.2%	4.72%	$2.50	-	-	Analyze
EVL EVLN Morgan Stanley Eaton Vance Floating-Rate ETF	Morgan Stanley	High-yield floating-rate senior loans (global)	$1.54B	0.60%	+1.5%	6.70%	$3.24	-	1 y	Analyze
JBB JBBB Janus Henderson Janus Detroit Street Trust - Janus Henderson B-BBB CLO ETF	Janus Henderson	Floating-rate senior loans (global)	$1.53B	0.47%	+1.5%	5.87%	$2.77	-	-	Analyze
FLR FLRT Pacer Advisors Pacer Pacific Asset Floating Rate High Income ETF	Pacer Advisors	High-yield floating-rate corporate bonds (US)	$953.62M	0.60%	+1.4%	6.24%	$2.90	13.76%	-	Analyze
FLB FLBL Franklin Templeton Franklin Liberty Senior Loan ETF	Franklin Templeton	High-yield floating-rate senior loans (US)	$853.93M	0.45%	+2.3%	6.92%	$1.59	16.20%	-	Analyze
TFL TFLR T. Rowe Price Group, Inc. T. Rowe Price Exchange-Traded Funds Inc. - T. Rowe Price Floating Rate ETF	T. Rowe Price Group, Inc.	High-yield floating-rate aggregate bonds (US)	$834.07M	0.61%	+1.8%	6.02%	$3.04	-	-	Analyze
CLO CLOZ NZC Capital LLC Panagram Bbb-B Clo ETF	NZC Capital LLC	Floating-rate senior loans (US)	$787.57M	0.50%	+1.2%	7.11%	$1.87	-	-	Analyze
LON LONZ Allianz PIMCO ETF Trust	Allianz	High-yield floating-rate senior loans (US)	$640.79M	0.63%	+1.8%	8.26%	$4.06	-	-	Analyze
JHL JHLN Manulife John Hancock Exchange-Traded Fund Trust	Manulife	Floating-rate senior loans (global)	$638.32M	0.59%	+1.1%	5.04%	$1.23	-	1 y	Analyze
ACL ACLO The TCW Group, Inc. TCW ETF Trust	The TCW Group, Inc.	Investment-grade floating-rate senior loans (US)	$601.55M	0.20%	+1.2%	4.49%	$2.27	-	1 y	Analyze
ICL ICLO Invesco Invesco Aaa Clo Floating Rate Note ETF	Invesco	Investment-grade floating-rate senior loans (US)	$588.20M	0.19%	+1.2%	4.83%	$1.24	-	-	Analyze
PFF PFFV Mirae Asset Global Investments Co., Ltd. Global X Variable Rate Preferred ETF	Mirae Asset Global Investments Co., Ltd.	Floating-rate preferred securities (US)	$333.71M	0.25%	+0.2%	8.17%	$1.78	4.79%	5 y	Analyze
CLO CLOX NZC Capital LLC Series Portfolios Trust	NZC Capital LLC	Investment-grade floating-rate senior loans (US)	$320.89M	0.20%	+1.3%	4.92%	$1.26	-	-	Analyze
SEI SEIX Virtus Investment Partners Virtus ETF Trust II - Virtus Seix Senior Loan ETF	Virtus Investment Partners	High-yield floating-rate senior loans (US)	$294.06M	0.57%	+2.1%	6.42%	$1.49	13.60%	-	Analyze
PCM PCMM Bondbloxx Investment Management Corp. BondBloxx Private Credit CLO ETF	Bondbloxx Investment Management Corp.	Asset-backed securities (global)	$264.97M	0.68%	+1.7%	5.75%	$2.88	-	-	Analyze
MBS MBSF Regan Capital, LLC Valued Advisers Trust	Regan Capital, LLC	Investment-grade floating-rate mortgage-backed securities (US)	$241.75M	0.49%	-0.2%	3.98%	$1.01	-	1 y	Analyze
PSQ PSQA Palmer Square Holdings LLC Palmer Square Funds Trust	Palmer Square Holdings LLC	Investment-grade floating-rate senior loans (US)	$223.60M	0.21%	+1.7%	4.05%	$0.83	-	1 y	Analyze
SLN SLNZ The TCW Group, Inc. TCW ETF Trust	The TCW Group, Inc.	Floating-rate senior loans (global)	$221.83M	0.65%	+1.6%	6.93%	$3.15	-	1 y	Analyze
CLO CLOB VanEck VanEck ETF Trust	VanEck	Floating-rate senior loans (global)	$196.75M	0.45%	+1.1%	5.66%	$2.85	-	1 y	Analyze
NCL NCLO TIAA Board of Governors NuShares ETF Trust	TIAA Board of Governors	Investment-grade floating-rate senior loans (US)	$163.60M	0.26%	+1.5%	5.56%	$1.39	-	1 y	Analyze
TRP TRPA The Hartford Insurance Group, Inc. HARTFORD AAA CLO ETF	The Hartford Insurance Group, Inc.	Investment-grade floating-rate senior loans (global)	$146.28M	0.24%	+1.2%	4.88%	$1.90	12.17%	-	Analyze
FAA FAAA Fidelity Fidelity AAA CLO ETF	Fidelity	Investment-grade floating-rate senior loans (global)	$132.12M	0.00%	+1.2%	4.15%	$2.09	-	-	Analyze
PFR PFRL Prudential PGIM ETF Trust	Prudential	Floating-rate senior loans (global)	$131.86M	0.72%	+1.8%	6.20%	$3.07	-	-	Analyze
AAA AAAC Ameriprise Financial Columbia ETF Trust I	Ameriprise Financial	Investment-grade floating-rate senior loans (global)	$95.33M	0.20%	+1.1%	4.89%	$0.98	-	1 y	Analyze
BCL BCLO BlackRock, Inc. iShares BBB-B CLO Active ETF	BlackRock, Inc.	Floating-rate senior loans (global)	$94.56M	0.45%	+2.1%	5.87%	$2.93	-	-	Analyze
AAA AAA Alternative Access Funds LLC Listed Funds Trust - AAF First Priority CLO Bond ETF	Alternative Access Funds LLC	Investment-grade floating-rate senior loans (US)	$70.13M	0.19%	+1.1%	4.30%	$1.07	37.03%	-	Analyze
CLO CLOC Sun Life Financial, Inc. ETF Series Solutions	Sun Life Financial, Inc.	Investment-grade floating-rate senior loans (US)	$61.30M	0.18%	+1.9%	6.24%	$1.56	-	1 y	Analyze
BRL BRLN BlackRock, Inc. Blackrock ETF Trust II - Floating Rate Loan ETF	BlackRock, Inc.	Floating-rate aggregate bonds (global)	$51.12M	0.55%	+1.7%	5.64%	$2.86	-	-	Analyze
RCL RCLO Redbird Capital Partners Alternative Holdings LLC Advisor Managed Portfolios	Redbird Capital Partners Alternative Holdings LLC	Floating-rate senior loans (US)	$45.14M	0.50%	+2.5%	5.68%	$1.43	-	1 y	Analyze

Risk note: Bond prices fall when interest rates rise. Credit and call risks apply.

Data as of November 2026. Ranked by AUM. This list was compiled by the Snowball Analytics team from publicly available sources. It may be incomplete, and figures may be delayed or contain errors; check them against the fund’s or company’s own documents. Inclusion in the list is not a recommendation to buy, sell or hold any security and is not investment advice. Past performance does not predict future results. This list is general information, not personalised to your circumstances. Snowball Analytics is a portfolio tracking tool, not a broker-dealer or investment adviser. Investing involves risk, including loss of principal.

Understanding Floating Rate ETFs: Near-Zero Duration & SOFR Yields

Floating Rate ETFs hold debt instruments whose coupon rates adjust periodically (every 30 to 90 days) based on benchmark interest rates such as the Secured Overnight Financing Rate (SOFR). This variable mechanism protects capital from interest-rate risk.

Core Strategies & Segment Breakdowns

AAA Collateralized Loan Obligations

Institutional strategies like JAAA holding senior-most tranches of CLO debt, providing high credit safety with yields benchmarked to SOFR.

Floating Rate US Treasuries

Ultra-safe funds like USFR holding short-term US Treasury floating-rate notes with zero credit risk and near-zero duration.

Senior Secured Bank Loans

Portfolios like BKLN investing in syndicated leveraged loans with first-lien priority over corporate assets.

How to Evaluate Floating Rate ETFs (Investor Checklist)

Differentiate Sovereign vs Corporate Credit: USFR holds sovereign US Treasury floaters, while BKLN holds sub-investment grade corporate loans; verify which risk fits your profile.
Understand Rate Reset Mechanics: When central banks cut interest rates, floating-rate ETF coupons adjust downward at the next reset date, reducing future income.
Inspect Seniority and Collateral: Ensure private loans hold senior-secured first-lien claims on borrower assets to maximize recovery rates during defaults.

Frequently Asked Questions About Floating Rate ETFs

How does a floating-rate bond ETF protect against rising rates?

When interest rates climb, the fund's coupon rates reset upward to match benchmark SOFR rates, preventing the bond price declines suffered by fixed-rate debt.

What happens to floating-rate ETF distributions when interest rates fall?

When benchmark rates decrease, coupon payouts on floating debt reset downward, lowering the monthly income paid to investors.

Which Floating Rate ETFs currently have the highest AUM?

In this category, Janus Detroit Street Trust - Janus Henderson AAA CLO ETF (JAAA) leads with over $31.63B in Assets Under Management, offered by Janus Henderson.

Why has JAAA become one of the most popular floating-rate ETFs?

JAAA invests in AAA-rated Collateralized Loan Obligation (CLO) tranches, offering higher yields than Treasuries with historically zero credit defaults in the AAA tranche.

How can I track my Floating Rate ETFs with Snowball Analytics?

Snowball Analytics connects directly to your brokerage accounts to automatically track dividend payouts, calculate time-weighted and money-weighted returns (TWR and IRR) against benchmarks, model sector weighting, and monitor risk metrics across all your Floating Rate ETFs holdings in one unified portfolio dashboard.

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