Fund Description |
The Fund invests predominantly in income-producing senior floating interest rate corporate loans made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically adjusted to a generally recognized base interest rate such as the London Interbank Offered Rate (LIBOR) or the Prime Rate. The Fund s senior loans typically hold the most senior position in the capitalization structure of a company and are generally secured by specific collateral. Such senior position means that, in case the company becomes insolvent, the lenders or security holders in a senior position like the Fund s position will typically be paid before other unsecured or subordinated creditors of the company from the assets of the company. The Fund currently limits its investments in debt obligations of non-U.S. entities to no more than 25% of its total assets. The Fund currently invests predominantly in debt obligations that are U.S. dollar-denominated or otherwise provide for payment in U.S. dollars. |
Fund Profile |
Fund Name |
Franklin Liberty Senior Loan ETF |
Fund Exchange Ticker |
FLBL |
Fund Sponsor |
Franklin Templeton |
Fund ISIN |
US35473P5952 |
Net Expense Ratio |
0.45 % |
Fund Inception Date |
30 May 2018 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
BATS |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
Bonds - Corporate |
Asset Class |
Bonds |
Index Linked |
Active |
Index Name |
Not Applicable |
Index Provider |
Not Applicable |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Funds Combining Developed & Emerging Exposure |
Bond Type |
Corporate |
Credit Quality |
Fund Holds Both Investment Grade & High Yield |
Average Maturity |
Fund Holds All Maturity Ranges |
Bond Currency Denomination |
USD |
Key Statistics |
Return As of Date |
28 June 2022 |
Asset Under Management |
216.26 Million (USD) |
1 Month Total Return |
-2.18 % |
Year To Date Return |
-5.66 % |
1 Year Total Return |
-3.76 % |
3 Year Annualized Total Return |
1.03 % |
NAV |
23.38 |
Share Outstanding |
9,250,000 |