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Franklin Liberty 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) | $857 |
| Currency | USD |
| Expense ratio | 35 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 150 |
| No of distinct issuers | 115 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 14% /86% |
| Non-standard maturity (callable, etc.) | 75% |
| 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 % |
|---|
| AT&T INC. | 1.9% |
| CITIGROUP INC. | 1.7% |
| BANK OF AMERICA CORPORATION | 1.7% |
| ENEL FINANCE INTERNATIONAL SA | 1.6% |
| CAPITAL ONE FINANCIAL CORPORATION | 1.6% |
 |
UNITED STATES | 68.7 % |
 |
FRANCE | 5.0 % |
 |
UNITED KINGDOM | 4.6 % |
 |
CHINA | 3.0 % |
 |
CAYMAN ISLANDS | 1.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 5.1% | 9.5% | -- | -- | 5.5% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.47 | 36% |
| S&P500 | 0.27 | 33% |
| MSCI EAFE | 0.30 | 36% |
| MSCI Emg. Mkts. | 0.25 | 38% |
| Recent close | $26.86 |
| 30d moving avg. | $26.37 |
| Annualized volatility | 7.9% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 69 |
| Avg. volume (thou.) | 380 |
| Avg. daily value traded (mns) | $10 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.44 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLCO | 8.9 yrs | Category Avg.* |
5.1 yrs |
| FLCO | 8.8% | Category Avg.* |
5.0% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.32% | -17.9% | $22.04 |
| +200 bp | 4.32% | -13.8% | $23.15 |
| +150 bp | 3.82% | -11.1% | $23.89 |
| +100 bp | 3.32% | -7.8% | $24.75 |
| +75 bp | 3.07% | -6.1% | $25.23 |
| +50 bp | 2.82% | -4.2% | $25.74 |
| +25 bp | 2.57% | -2.1% | $26.28 |
| 0 bp | 2.32% | 0% | $26.86 |
| -25 bp | 2.07% | 2.3% | $27.46 |
| -50 bp | 1.82% | 4.6% | $28.09 |
| -75 bp | 1.57% | 7.1% | $28.76 |
| -100 bp | 1.32% | 9.7% | $29.46 |
| -150 bp | 0.82% | 15.2% | $30.95 |
| -200 bp | 0.32% | 21.3% | $32.56 |
| -300 bp | -0.68% | 34.7% | $36.17 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
232 | bp |
| Less: Annual "default factor" |
21 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 1.76 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.1% |
| Corporate | 1.8% |
| Emerging Market | 3.9% |
| Government | 0.5% |
| Inflation Protected | 1.0% |
| Mortgage | 2.4% |
| Municipals | 2.1% |
| *Note: The Franklin Liberty Investment Grade Corporate ETF is classified as a Corporate fund. | |