Fixed income
FLOT
VanEck Australian Floating Rate ETF · VanEck
A large basket of Australian floating-rate bonds — investment-grade bonds, mostly issued by banks, whose interest payments rise and fall with short-term rates.
What the fee costs you
The management fee is 0.22% a year. Here’s what that works out to in dollars:
A 0.22% yearly fee works out to about $22 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- VanEck
- Asset class
- Fixed income
- Number of holdings
- ~238
- Where it invests
- Australia.
- Income paid
- Monthly
- Currency hedged
- N/A — It holds Australian-dollar bonds, so there's no foreign currency to hedge.
Its character
An Australian floating-rate bond fund, dominated by bank-issued debt. Because the coupons reset with short-term rates, its price barely moves when interest rates change — it behaves more like a steady cash-style holding than a typical bond fund.
What to keep in mind
Far steadier than shares: as a floating-rate fund its price hardly moves with interest rates, so the main risks are the chance an issuer can't repay (mostly major banks here) and lower income if rates fall.
Income
Income is paid monthly and moves up and down with short-term interest rates.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.