iShares Broad USD Floating Rate Loan ETF (USLN)

The iShares Broad USD Floating Rate Loan ETF is a fixed-income fund from BlackRock's iShares business. It provides exposure to U.S. dollar-denominated floating-rate leveraged loans, which are senior loans made to companies that are typically rated below investment grade.

Because the interest rates on these loans reset periodically based on a short-term reference rate, the fund's income tends to rise and fall with prevailing short-term rates, and its interest-rate sensitivity is generally low. The main risk driver is the credit quality of the borrowers.

The fund is designed to give investors broad, diversified access to the syndicated loan market through an exchange-traded vehicle.