FLCO

Franklin Liberty Investment Grade Corporate ETF
D

N/A
*Unless otherwise stated, data provided by FactSet.

FLCO Fund Description

FLCO 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.

FLCO Factset Analytics Insight

FLCO charges a high fee for an active exposure to the investment-grade USD-denominated bond space. The fund manager uses a combination of top-down and bottom-up approaches for portfolio construction. The fund manager uses the top-down approach for tactical sector allocation and the bottom-up approach to select individual securities regardless of maturity or duration. Despite its primary USD-denominated investment objective, FLCO can hold up to 15% in non-USD-denominated securities and up to 40% in foreign issuers including emerging markets. Similar to other actively-managed funds, FLCO is likely to experience higher portfolio turnover and transaction cost which may dampen the fund’s performance. Given the opaque trading nature of the bond market, investors should reach out to market makers for assistance to execute block trades.

FLCO MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 17, 2018 the Franklin Liberty Investment Grade Corporate ETF MSCI ESG Fund Quality Score is 4.90 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FLCO ranks in the 30th percentile within its peer group and in the 28th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

FLCO CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FLCO 1.12% -0.59% -3.16% -3.23% -- -- --
FLCO (NAV) 0.81% -0.88% -3.21% -3.18% -- -- --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLCO Top 10 Countries [View All]

FLCO Top 10 Sectors

FLCO Top 10 Holdings [View All]

FLCO Summary Data

10/03/16
Open-Ended Fund
0.35%
$17.36M
$165.55K
0.25%

FLCO Portfolio Data

6.97
11.40 years
3.90%
12/28/18
71

FLCO Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays US Aggregate Corporate Index

FLCO Portfolio Management

0.35%
--
--
--

FLCO Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FLCO Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FLCO Factset Analytics Block Liquidity

As of 12/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FLCO. FLCO is rated a 1 out of 5.

FLCO Tradability

5,246
$165.55K
468
$13.26K
0.25%
$0.06
0.04%
0.74% / -0.57%
None
100.00%
50,000
0.01
0.04%
--
--
$23.15
1

FLCO Sector/Industry Breakdown


FLCO
Segment Benchmark
51.61%
60.84%
36.04%
32.14%
5.19%
0.00%
2.90%
0.00%
2.79%
7.02%
1.47%
0.00%

FLCO Top 10 Holdings[View All]

3.61%
3.52%
3.02%
3.01%
2.85%
2.85%
2.77%
2.64%
2.64%
2.57%
29.48%

FLCO Top 5 Countries


FLCO
Segment Benchmark
61.39%
78.65%
6.20%
5.95%
4.83%
0.77%
3.59%
1.14%
3.20%
1.96%

FLCO Top 5 Currencies


FLCO
Segment Benchmark
100.00%
100.00%

FLCO Economic Development


FLCO
Segment Benchmark
93.25%
98.78%
6.75%
1.23%

FLCO Performance Statistics

--
--
--
--
--

FLCO MSCI ESG Ratings

4.90 / 10
30.37
28.11
9.41%
2.02%
288.83

FLCO HOLDINGS STATISTICS


FLCO
Segment Benchmark
11.40 years
11.05 years
6.97
7.26
0.24
0.24
3.79
3.97
3.90%
3.76%
7.01
--
Low
--
71
5623
BBB+
N/A

FLCO MATURITY DISTRIBUTION


FLCO
Segment Benchmark
3.56%
1.02%
14.30%
19.08%
15.24%
18.42%
9.28%
11.52%
20.29%
17.30%
32.14%
32.66%

FLCO CREDIT BREAKDOWN


FLCO
Segment Benchmark
1.67%
2.08%
3.93%
8.22%
28.66%
41.60%
59.01%
48.07%
1.53%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%