Franklin Investment Grade Corporate ETF
|
- 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) | $340 |
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% |
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 | 2.7% |
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. |
-0.5% | 4.6% | 1.3% | -- | 1.7% |
versus... | Beta | R-squared |
---|---|---|
Barclays Agg. Bond | 1.28 | 95% |
S&P500 | 0.40 | 58% |
MSCI EAFE | 0.45 | 68% |
MSCI Emg. Mkts. | 0.40 | 56% |
Recent close | $20.80 |
30d moving avg. | $20.80 |
Annualized volatility | 9.4% |
Short interest (ETF) | 1.2% |
Relative strength (RSI) | 75 |
Avg. volume (thou.) | 61 |
Avg. daily value traded (mns) | $1 |
Turnover | 0.4% |
Bid/Ask (% of price) | 0.07 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
FLCO | 7.7 yrs | Category Avg.* |
4.6 yrs |
FLCO | 7.5% | Category Avg.* |
4.5% |
Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
+300 bp | 8.81% | -20.4% | $16.56 |
+200 bp | 7.81% | -14.0% | $17.88 |
+150 bp | 7.31% | -10.7% | $18.57 |
+100 bp | 6.81% | -7.2% | $19.29 |
+75 bp | 6.56% | -5.5% | $19.66 |
+50 bp | 6.31% | -3.7% | $20.04 |
+25 bp | 6.06% | -1.9% | $20.41 |
0 bp | 5.81% | 0% | $20.80 |
-25 bp | 5.56% | 1.9% | $21.19 |
-50 bp | 5.31% | 3.8% | $21.59 |
-75 bp | 5.06% | 5.7% | $21.99 |
-100 bp | 4.81% | 7.7% | $22.40 |
-150 bp | 4.31% | 11.7% | $23.24 |
-200 bp | 3.81% | 15.9% | $24.10 |
-300 bp | 2.81% | 24.5% | $25.89 |
*Fund Category: CORPORATE
ALTAR Score™
Calculation of ALTAR Score™ | ||
---|---|---|
Adj. Yield to Maturity | 581 | bp |
Less: Annual "default factor" | 19 | bp |
Less: Expense ratio | 35 | bp |
Equals: ALTAR Score | 5.27 | % |
Average ALTAR Score™ by Category | |
---|---|
Aggregate | 3.6% |
Corporate | 4.5% |
Emerging Market | 6.2% |
Government | 4.7% |
Inflation Protected | 3.0% |
Mortgage | 5.3% |
Municipals | 3.4% |
*Note: The Franklin Investment Grade Corporate ETF is classified as a Corporate fund. |