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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) | $232 |
| Currency | USD |
| Expense ratio | 35 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 132 |
| No of distinct issuers | 118 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 11% /89% |
| Non-standard maturity (callable, etc.) | 69% |
| 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 | 2.9% |
| MORGAN STANLEY | 2.7% |
| CREDIT SUISSE GROUP FUNDING (GUERN... | 2.6% |
| HSBC HOLDINGS PLC | 2.6% |
| CITIGROUP INC. | 2.6% |
 |
UNITED STATES | 72.2 % |
 |
BRITAIN | 7.8 % |
 |
NETHERLANDS | 3.5 % |
 |
UNITED KINGDOM | 2.8 % |
 |
CHINA | 2.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 10.8% | 9.8% | -- | -- | 4.1% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.12 | 69% |
| S&P500 | 0.08 | 6% |
| MSCI EAFE | 0.17 | 21% |
| MSCI Emg. Mkts. | 0.14 | 22% |
| Recent close | $25.71 |
| 30d moving avg. | $25.31 |
| Annualized volatility | 4.1% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 76 |
| Avg. volume (thou.) | 186 |
| Avg. daily value traded (mns) | $5 |
| Turnover | 2.0% |
| Bid/Ask (% of price) | 0.23 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLCO | 8.2 yrs | Category Avg.* |
4.7 yrs |
| FLCO | 8.0% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.98% | -16.9% | $21.35 |
| +200 bp | 4.98% | -12.9% | $22.39 |
| +150 bp | 4.48% | -10.3% | $23.07 |
| +100 bp | 3.98% | -7.2% | $23.84 |
| +75 bp | 3.73% | -5.6% | $24.27 |
| +50 bp | 3.48% | -3.8% | $24.72 |
| +25 bp | 3.23% | -2.0% | $25.20 |
| 0 bp | 2.98% | 0% | $25.71 |
| -25 bp | 2.73% | 2.1% | $26.23 |
| -50 bp | 2.48% | 4.2% | $26.79 |
| -75 bp | 2.23% | 6.5% | $27.37 |
| -100 bp | 1.98% | 8.8% | $27.98 |
| -150 bp | 1.48% | 13.9% | $29.27 |
| -200 bp | 0.98% | 19.3% | $30.66 |
| -300 bp | -0.02% | 31.3% | $33.75 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
298 | bp |
| Less: Annual "default factor" |
20 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 2.43 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.2% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The Franklin Liberty Investment Grade Corporate is classified as a Corporate fund. | |