FTSDFranklin Liberty Short Duration U.S. Government ETF
FTSD Fund Description
The Franklin Liberty Short Duration U.S. Government ETF is an actively managed fixed-income ETF that aims for a targeted duration of less than 3 years by investing in short-term debt securities issued or guaranteed by the US government. The fund manager may also invest in certain interest rate-related derivative transactions.
FTSD Factset Analytics Insight
Actively-managed FTSD focuses on the shorter end of the yield curve for US government debt. It currently stands in stark contrast to our benchmark with respect to maturity breakdown and sector composition. The fund primarily invests in MBSs (ARMs) issued or guaranteed by the US government, Treasurys and TIPS, which our benchmark ignores entirely. Due to the early repayment nature of most MBSs, portfolio maturity is rather overstated. Overall, since FTSD is an actively-managed fund, its exposure can change quickly. The fund manager may transact in index futures contracts in order to obtain net long or short exposures to selected interest rates or durations. FTSD's liquidity is rather lacking: the fund trades very little on most days, and spreads can be sizeable. Underlying liquidity is a bit stronger, however. As an actively managed fund, FTSD's holding costs can be tricky to assess. It charges a typical fee for active funds, but it's a lot more expensive than passive short-term US government bond funds, and shows a fair bit of volatility next to neutral market exposure.
FTSD CHARTS AND PERFORMANCE
FTSD Top 10 Countries
FTSD Top 10 Sectors
FTSD Top 10 Holdings [View All]
FTSD Portfolio Management
FTSD Tax Exposures
FTSD Fund Structure
FTSD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FTSD. FTSD is rated a 4 out of 5.
FTSD Sector/Industry Breakdown
FTSD Top 10 Holdings[View All]
FTSD Top 5 Countries
FTSD Top 5 Currencies
FTSD Economic Development
FTSD Performance Statistics
FTSD HOLDINGS STATISTICS
FTSD MATURITY DISTRIBUTION
FTSD CREDIT BREAKDOWN
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.