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Franklin Investment Grade Corporate ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The Franklin Liberty Investment Grade Corporate ETF is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. |
| Category | Corporate |
| Fund Sponsor | Franklin ETF Trust |
| Website | www.libertyshares.com |
| Inception date | Oct 03, 2016 |
| Assets (mns) | $566 |
| Currency | USD |
| Expense ratio | 35 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 162 |
| No of distinct issuers | 139 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 20% /80% |
| Non-standard maturity (callable, etc.) | 89% |
| 0.0% // | 1.7 % |
| 0.0% // | 1.6 % |
| 0.0% // | 1.3 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.1 % |
| TOTAL | 12.8 % |
|---|
| BANK OF AMERICA CORPORATION | 2.7% |
| JPMORGAN CHASE & CO. | 2.3% |
| MORGAN STANLEY | 1.8% |
| VERIZON COMMUNICATIONS INC. | 1.7% |
| GOLDMAN SACHS GROUP, INC. | 1.6% |
 |
UNITED STATES | 78.3 % |
 |
FRANCE | 3.1 % |
 |
UNITED KINGDOM | 2.1 % |
 |
NETHERLANDS | 1.7 % |
 |
SINGAPORE | 1.5 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 7.9% | 5.8% | -0.5% | -- | 2.2% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.12 | 84% |
| S&P500 | 0.10 | 13% |
| MSCI EAFE | 0.15 | 19% |
| MSCI Emg. Mkts. | 0.09 | 8% |
| Recent close | $21.71 |
| 30d moving avg. | $21.71 |
| Annualized volatility | 7.5% |
| Short interest (ETF) | 0.2% |
| Relative strength (RSI) | 52 |
| Avg. volume (thou.) | 68 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.07 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLCO | 7.7 yrs | Category Avg.* |
4.7 yrs |
| FLCO | 7.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.99% | -20.4% | $17.28 |
| +200 bp | 6.99% | -14.0% | $18.66 |
| +150 bp | 6.49% | -10.7% | $19.39 |
| +100 bp | 5.99% | -7.2% | $20.14 |
| +75 bp | 5.74% | -5.5% | $20.52 |
| +50 bp | 5.49% | -3.7% | $20.91 |
| +25 bp | 5.24% | -1.9% | $21.31 |
| 0 bp | 4.99% | 0% | $21.71 |
| -25 bp | 4.74% | 1.9% | $22.12 |
| -50 bp | 4.49% | 3.8% | $22.53 |
| -75 bp | 4.24% | 5.7% | $22.95 |
| -100 bp | 3.99% | 7.7% | $23.38 |
| -150 bp | 3.49% | 11.7% | $24.25 |
| -200 bp | 2.99% | 15.9% | $25.15 |
| -300 bp | 1.99% | 24.5% | $27.02 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
499 | bp |
| Less: Annual "default factor" |
19 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 4.45 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.9% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The Franklin Investment Grade Corporate ETF is classified as a Corporate fund. | |