TFLO ETF — iShares Treasury Floating Rate Bond ETF

iShares Treasury Floating Rate Bond ETF (TFLO)

TFLO is a low-cost ETF. its distribution rate is 3.88%, its trailing-12-month yield is 3.75%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 81/100 (Safe). Total return is 27.2% over the past 12.6 years, 414.8 points behind SPY at 442.0%.

At the current 3.88% distribution rate, a $10,000 investment would generate approximately $388 per year, or $32.33 per month on an equivalent basis.

This ETF invests at least 80% of its assets in floating rate U.S. Treasury securities, tracking a market capitalization-weighted index of these instruments. The fund carries a modest current distribution rate with monthly distributions and has a low expense ratio of 0.15%. It appeals to income investors seeking exposure to short-duration Treasury securities with yields that adjust as interest rates change.

TFLO performance versus SPY

Price and return data through 2026-09-04.

Total return is 27.2% over the past 12.6 years, 414.8 points behind SPY at 442.0%.

TFLO key facts

Distribution Safety Score™

81 · Safe

Safety-Adjusted Yield

3.14%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

02/04/2014

Expense ratio

0.15%

Distribution rate

3.88%

Distribution frequency

Monthly

Trailing yield

3.75%

Last close

$50.52

NAV

$50.50

Premium / discount

0.04% premium

AUM

$6,645,386,897

Average volume

1249000.0

Next dividend

$0.1634

Last ex-dividend date

09/01/2026 (as of 2026-09-01)

Next payment date

09/04/2026 (as of 2026-09-04)

Beta

-0.02

How Dividend Vision calculates yield and returns

Distribution rate (3.88%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.75%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TFLO risks and drawbacks

TFLO's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider TFLO — and who may not

TFLO may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare TFLO

TFLO vs similar funds:

• TFLO vs SGOV
• TFLO vs USFR

Frequently asked questions

More securities from iShares.