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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) | $542 |
| 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. |
| 2.5% | 13.1% | 0.3% | -- | 2.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.24 | 95% |
| S&P500 | 0.44 | 61% |
| MSCI EAFE | 0.46 | 69% |
| MSCI Emg. Mkts. | 0.44 | 61% |
| Recent close | $21.34 |
| 30d moving avg. | $21.79 |
| Annualized volatility | 9.8% |
| Short interest (ETF) | 0.3% |
| Relative strength (RSI) | 44 |
| Avg. volume (thou.) | 416 |
| Avg. daily value traded (mns) | $9 |
| Turnover | 1.6% |
| 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 | 8.45% | -20.4% | $16.99 |
| +200 bp | 7.45% | -14.0% | $18.34 |
| +150 bp | 6.95% | -10.7% | $19.06 |
| +100 bp | 6.45% | -7.2% | $19.79 |
| +75 bp | 6.20% | -5.5% | $20.17 |
| +50 bp | 5.95% | -3.7% | $20.55 |
| +25 bp | 5.70% | -1.9% | $20.94 |
| 0 bp | 5.45% | 0% | $21.34 |
| -25 bp | 5.20% | 1.9% | $21.74 |
| -50 bp | 4.95% | 3.8% | $22.15 |
| -75 bp | 4.70% | 5.7% | $22.56 |
| -100 bp | 4.45% | 7.7% | $22.98 |
| -150 bp | 3.95% | 11.7% | $23.84 |
| -200 bp | 3.45% | 15.9% | $24.72 |
| -300 bp | 2.45% | 24.5% | $26.56 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
545 | bp |
| Less: Annual "default factor" |
19 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 4.91 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The Franklin Investment Grade Corporate ETF is classified as a Corporate fund. | |