What is FLCO?

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.

PERFORMANCE [as of 11/25/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FLCO 5.76% -2.74% -15.46% -14.73% -2.90% 0.31% --
FLCO (NAV) 5.58% -2.87% -15.84% -15.20% -2.98% 0.34% --
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 Factset Analytics Insight

FLCO aims for 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 also 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. Given the nature of actively-managed funds, FLCO may experience higher portfolio turnover. Also, with the opaque trading nature of the bond market, investors should reach out to market makers for assistance to execute block trades. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Investment Grade Corporate ETF.

FLCO Summary Data

10/03/16
0.35%
$616.76M
No Underlying Index
Bloomberg Barclays US Aggregate Corporate Index
Open-Ended Fund

Peers

Bloomberg Barclays US Aggregate Corporate Index

Fund Flows

$0.00B 5 Days
+$0.02B 30 Days
-$0.05B 90 Days

FLCO Portfolio Data

6.95
--
6.13%
12/01/22
--

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%
0.45%
Ordinary income
No

FLCO Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/28/22

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

FLCO Tradability

41,019
$833.49K
8,593
$176.60K
0.08%
$0.02
0.00%
0.77% / -0.54%
None
100.00%
50,000
0.17
0.04%
--
0
$21.05
N/A

FLCO Sector/Industry Breakdown

FLCO Segment
Benchmark
49.09% --
9.04% --
8.14% --
4.32% --
3.63% --
3.45% --
3.29% --
3.01% --
2.89% --
2.87% --

FLCO Top 10 Holdings

3.81%
1.78%
1.42%
1.33%
1.32%
1.31%
1.27%
1.24%
1.23%
1.21%
15.93%

FLCO Performance Statistics

--
--
--
--
--

FLCO Top 5 Countries

FLCO Segment
Benchmark
77.63% --
4.60% --
3.32% --
2.29% --
1.92% --

FLCO Top 5 Currencies

FLCO Segment
Benchmark
77.63% --
4.60% --
3.32% --
2.29% --
1.92% --

FLCO Avg Life Maturity Distribution

6.96%
8.50%
3.91%
14.70%
10.21%
23.58%
2.49%
7.83%
21.82%

FLCO OAS Breakdown

10.34%
61.43%
20.42%
5.42%
2.17%
0.21%
--
--
--
--
--

FLCO Holdings Statistics

11.32 years
6.95
6.13%
7.15
--
--
1.83%