FLCO
Franklin Liberty Investment Grade Corporate ETFFLCO 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
Franklin Liberty Investment Grade Corporate ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.66 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Franklin Liberty Investment Grade Corporate ETF ranks in the 31st percentile within its peer group and in the 33th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FLCO CHARTS AND PERFORMANCE
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FLCO Top 10 Countries [View All]
FLCO Top 10 Sectors
FLCO Top 10 Holdings [View All]
FLCO Summary Data
FLCO Portfolio Data
FLCO Index Data
FLCO Portfolio Management
FLCO Tax Exposures
FLCO Fund Structure
FLCO Factset Analytics Block Liquidity
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
FLCO Sector/Industry Breakdown
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FLCO Top 10 Holdings[View All]
FLCO Top 5 Countries
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FLCO Top 5 Currencies
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FLCO Performance Statistics
FLCO MSCI ESG Ratings
FLCO HOLDINGS STATISTICS
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FLCO MATURITY DISTRIBUTION
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FLCO CREDIT BREAKDOWN
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.