iShares Floating Rate Loan Active ETF (BRLN)

iShares Floating Rate Loan Active ETF (BRLN) is an exchange-traded fund in the Bank Loan category. It has $51.06M in assets, an expense ratio of 0.55% and a 6.09% dividend yield. The fund normally invests at least 80% of its assets in floating rate loans and investments that are the economic equivalent of floating rate loans, which effectively enables the fund to achieve a floating rate of income. The fund may also invest in other floating rate debt instruments and investments that are the economic equivalent of floating rate debt instruments. It is non-diversified.