VanEck Australian Floating Rate ETF (FLOT) Review & Analysis
- +0.3% in September (total return), ahead of the median Australian bonds ETF at −0.4%.
- Investors added a net $49m (3.8% of the fund). That ranked #40 of 508 ETFs for new money.
- The unit price closed the month at $25.00, 0% below its 12-month high (range $24.88 to $25.12).
About FLOT
FLOT holds investment-grade floating rate notes issued in Australia, mostly by the big banks along with other high-quality financial and corporate borrowers. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index and is passively managed.
Floating rate notes pay interest that resets every few months in line with short-term rates, so FLOT's income rises when the Reserve Bank lifts rates and falls when it cuts. Because the coupons adjust, the unit price barely moves with interest rate changes, unlike a traditional bond fund. The main risk is credit: if lenders worry about bank health, the extra margin these notes pay can widen and prices dip for a time. The fund is heavily concentrated in the financial sector. Income is paid monthly and is unfranked, and there is no currency risk.
FLOT is often used as a step up from cash for money that can sit for a year or more. Alternatives include QPON and HCRD; see QPON vs FLOT and FLOT vs HCRD.
FLOT distributions and dividend dates
FLOT pays distributions monthly, with payment about 16 days after the ex-date.
The latest distribution was $0.105 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own FLOT before the ex-date.
Its distribution yield over the past 12 months is about 4.7%. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare FLOT with
| Fee | 0.22% | 0.22% |
| 1 year | +4.3% | +4.6% |
| 5 yrs p.a. | +3.5% | +3.8% |
| Size | $1.3bn | $2.4bn |
| Fee | 0.22% | 0.29% |
| 1 year | +4.3% | +3.6% |
| 5 yrs p.a. | +3.5% | – |
| Size | $1.3bn | $365m |
| Fee | 0.22% | 0.15% |
| 1 year | +4.3% | – |
| 5 yrs p.a. | +3.5% | – |
| Size | $1.3bn | $23m |
| Fee | 0.22% | 0.29% |
| 1 year | +4.3% | – |
| 5 yrs p.a. | +3.5% | – |
| Size | $1.3bn | $121m |
FLOT price by TradingView
| Stock Code | FLOT |
|---|---|
| Fund Manager | VanEck |
| Asset Class | Australian bonds |
| AUM | $1.3bn |
| MER (%) | 0.22% |
| Net flows (Sep) | +$49m |
| Last Price | $25.00 |
| 52-Week Range | $24.88 – $25.12 |
| Bid/Ask Spread | 0.05% |
| Listing Date | 07/07/2017 |
| Exchange | ASX |
| Index tracked | Bloomberg AusBond Credit FRN 0+ Yr Index |
| Issuer website | VanEck ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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