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Franklin Liberty Investment Grade Corporate
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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) | $332 |
| Currency | USD |
| Expense ratio | 35 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 139 |
| No of distinct issuers | 111 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 12% /88% |
| Non-standard maturity (callable, etc.) | 68% |
| BANK OF AMERICA CORPO 4.2% 11/25/27 | 2.9 % |
| MORGAN STANLEY 3.6% 7/22/28 | 2.5 % |
| CITIGROUP INC. 3.4% 4/24/25 | 2.5 % |
| REGIONS FINANCIAL COR 3.8% 8/14/23 | 2.4 % |
| CREDIT SUISSE GROUP F 3.8% 9/15/22 | 2.4 % |
| BB&T CORPORATION 3.9% 3/19/29 | 2.3 % |
| HSBC HOLDINGS PLC 4.3% 3/08/26 | 2.1 % |
| GOLDMAN SACHS GROUP, 3.5% 1/23/25 | 2.1 % |
| MICROSOFT CORPORATION 2.7% 11/03/22 | 2.0 % |
| MARSH & MCLENNAN COMP 3.9% 3/15/24 | 2.0 % |
| TOTAL | 23.3 % |
|---|
| BANK OF AMERICA CORPORATION | 2.0% |
| FISERV, INC. | 2.0% |
| LYB INTERNATIONAL FINANCE BV | 2.0% |
| REGIONS FINANCIAL CORPORATION | 2.0% |
| FRANCE TELECOM | 1.9% |
 |
UNITED STATES | 72.4 % |
 |
FRANCE | 6.5 % |
 |
NETHERLANDS | 4.0 % |
 |
CANADA | 2.6 % |
 |
UNITED KINGDOM | 2.4 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 13.6% | 12.6% | -- | -- | 4.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.11 | 73% |
| S&P500 | 0.06 | 3% |
| MSCI EAFE | 0.13 | 12% |
| MSCI Emg. Mkts. | 0.10 | 12% |
| Recent close | $25.57 |
| 30d moving avg. | $25.55 |
| Annualized volatility | 4.3% |
| Short interest (ETF) | 0.0% |
| Relative strength (RSI) | 53 |
| Avg. volume (thou.) | 5 |
| Avg. daily value traded (mns) | $0 |
| Turnover | 0.0% |
| Bid/Ask (% of price) | 0.23 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLCO | 8.3 yrs | Category Avg.* |
4.6 yrs |
| FLCO | 8.2% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 6.02% | -17.0% | $21.22 |
| +200 bp | 5.02% | -13.0% | $22.24 |
| +150 bp | 4.52% | -10.4% | $22.91 |
| +100 bp | 4.02% | -7.4% | $23.69 |
| +75 bp | 3.77% | -5.7% | $24.11 |
| +50 bp | 3.52% | -3.9% | $24.57 |
| +25 bp | 3.27% | -2.0% | $25.05 |
| 0 bp | 3.02% | 0% | $25.57 |
| -25 bp | 2.77% | 2.1% | $26.10 |
| -50 bp | 2.52% | 4.3% | $26.67 |
| -75 bp | 2.27% | 6.6% | $27.26 |
| -100 bp | 2.02% | 9.0% | $27.88 |
| -150 bp | 1.52% | 14.2% | $29.19 |
| -200 bp | 1.02% | 19.8% | $30.62 |
| -300 bp | 0.02% | 32.2% | $33.79 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
302 | bp |
| Less: Annual "default factor" |
20 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 2.47 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.4% |
| Emerging Market | 3.6% |
| Government | 1.7% |
| Inflation Protected | 1.8% |
| Mortgage | 2.8% |
| Municipals | 2.3% |
| *Note: The Franklin Liberty Investment Grade Corporate is classified as a Corporate fund. | |