BKLN - BKLN: Low-Cost Floating Rate Debt Index ETF 4.62% Yield

Several readers and subscribers have expressed interest in floating rate funds, as these have minimal downside interest rate risk, and could even profit from rising rates as economic conditions stabilize. Due to this, I decided to take a look at some of the larger floating rate ETFs, to select one that could help investors to reduce these risks, while minimizing losses and expenses.

I settled on the Invesco Senior Loan ETF (BKLN), an index ETF focusing on senior secured floating rate loans from non-investment grade corporations, currently yielding 4.62%. The fund is roughly