FRANKLIN TEMPLETON ETF TRFRANKLIN TEMPLETON ETF TRFRANKLIN TEMPLETON ETF TR

FRANKLIN TEMPLETON ETF TR

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Key stats


Assets under management (AUM)
‪1.08 B‬USD
Fund flows (1Y)
‪605.61 M‬USD
Dividend yield (indicated)
7.29%
Discount/Premium to NAV
0.5%
Shares outstanding
‪44.85 M‬
Expense ratio
0.45%

About FRANKLIN TEMPLETON ETF TR


Brand
Franklin
Inception date
May 30, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
FLBL invests in USD-denominated senior loans of both US and non-US companies. The fund aims to produce a high level of current income, with capital preservation as a secondary goal. The debt is generally floating rate and sub-investment-grade, rated B- or better, but up to 25% of the funds holdings may have a lower credit rating. Floating rates virtually eliminate the interest rate risk of the portfolio, but can increase the credit risk if issuers struggle to make larger payments when rates rise. Exposure to non-US issuers is capped at 25%. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Senior Loan ETF.

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Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
High yield
Niche
Floating rate
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Loans
Miscellaneous
Stock breakdown by region
96%3%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FLBL trades at 24.22 USD today, its price has fallen −0.57% in the past 24 hours. Track more dynamics on FLBL price chart.
FLBL net asset value is 24.12 today — it's risen 0.67% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FLBL assets under management is ‪1.08 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FLBL price has fallen by −0.57% over the last month, and its yearly performance shows a −0.29% decrease. See more dynamics on FLBL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.98% increase in three-month performance and has increased by 6.63% in a year.
FLBL fund flows account for ‪2.15 B‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FLBL invests in bonds. See more details in our Analysis section.
FLBL expense ratio is 0.45%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FLBL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FLBL pays dividends to its holders with the dividend yield of 7.29%.
FLBL trades at a premium (0.54%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FLBL shares are issued by Franklin Resources, Inc.
FLBL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 30, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.