TFLO: iShares Treasury Floating Rate Bond ETF

What does TFLO hold?#

This fund owns US Treasury notes whose interest rate changes often to follow short term rates. Because of that, its price barely moves when rates change. Its income goes down when short term rates fall.

It tracks the Bloomberg U.S. Treasury Floating Rate Index. It had 8 holdings as of October 15, 2026, according to iShares (BlackRock).

What is the TFLO expense ratio?#

TFLO charges 0.15% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.15% fee comes to about $15 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has TFLO done since 2014?#

From February 2014 to October 2026, TFLO returned about 2.0% a year. Say you put in $10,000 at the start. It would have been worth about $12,858 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

TFLO returns by year#

What was TFLO’s worst drop?#

A drawdown is how far a fund falls from its last high point. TFLO’s worst fall was −5.0%, from October 28, 2014 to December 19, 2014. It got back to that high on December 28, 2015.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold TFLO?#

No classic strategy holds TFLO yet. You can add it to your own rules in the builder and see how they would have done.

How does TFLO compare with similar ETFs?#

Funds that can stand in for TFLO:

• SGOV: iShares 0-3 Month Treasury Bond ETF, 0.09% a year
• BIL: State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
• SHV: iShares 0-1 Year Treasury Bond ETF, 0.15% a year
• USFR: WisdomTree Floating Rate Treasury Fund, 0.15% a year

See all 6 TFLO alternatives, compared on the same dates as TFLO.

Test TFLO in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add TFLO, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for TFLO. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from iShares (BlackRock). We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.