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Purpose Floating Rate Income Fund - ETF
FLOT (Purpose Floating Rate Income Fund - ETF) is an active Canadian Fixed Income ETF by Purpose. With a 0.85% MER, it provides diversified exposure. Monthly distribution with a 4.42% yield.
FLOT is actively managed by Purpose's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.85% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 4.42% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.