iShares Broad USD Floating Rate Loan ETF (USLN)

iShares Broad USD Floating Rate Loan ETF (USLN) is an exchange-traded fund in the Bank Loan category. It has $22.66M in assets and an expense ratio of 0.40%. The fund seeks to track the investment results of the Morningstar LSTA US Leveraged Loan Broad Select Index (the “underlying index”), which was developed by Morningstar, Inc. The underlying index is a market value-weighted index designed to measure the performance of a subset of the U.S. dollar-denominated, senior secured institutional floating rate loan market. The fund will invest at least 80% of its assets in the components of the underlying index.