iShares Floating Rate Bond ETF (FLOT) rated HOLD for high credit quality and yield over T-bills.

The iShares Floating Rate Bond ETF (FLOT) is rated as a HOLD due to its high credit quality, low risk, and yield premium compared to Treasury bills, making it a good option for short-term cash parking. Its assets mainly consist of floating rate notes issued by AAA-rated supranationals and highly rated commercial banks, minimizing credit loss risk. FLOT has historically outperformed inflation and offers protection against interest rate changes, making it preferable over similar ETFs like FLRN. This makes FLOT suitable for investors seeking liquidity and modest yield with lower risk in uncertain markets.