# What is a bank loan ETF?

> As of Nov 4, 2026, ETFIQ covers 15 bank loan ETFs, with a median fee of 0.61%, higher than the 0.18% for corporate bond funds. Plain words, dated numbers.

Data as of Nov 4, 2026. Rebuilt every trading night.

## What is a bank loan ETF?

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026, ETFIQ covers 15 bank loan ETFs, with a median fee of 0.61%, higher than the 0.18% for corporate bond funds.

### In plain words

A bank loan ETF owns loans banks have made to companies with weaker credit. They pay a floating rate that resets with short-term rates, so the fund’s price moves little when rates change.

ETFIQ counts 15 funds at a median fee of 0.61%, well above the 0.18% of corporate bond funds, because loans are costly to trade. The main risk is a firm that cannot pay. Loans also settle slowly, so a price can drift from value in a fast market; ETFIQ shows premium and credit mix.

### Questions

Why do loan funds have floating rates? The loans reset with short-term rates, so the interest changes with them.

Are loan funds safe from rate rises? They are less sensitive to rates. They carry credit risk instead.

Where do I see the credit mix? On each bond fund page, from its filing.

### Where to next

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, What is a bank loan ETF?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-a-bank-loan-etf
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/learn/what-is-a-bank-loan-etf