FTSD

Franklin Liberty Short Duration U.S. Government ETF
B

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*Unless otherwise stated, data provided by FactSet.

FTSD Fund Description

FTSD 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

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 03/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FTSD 0.17% 0.45% -0.09% 1.71% 0.96% 0.76% --
FTSD (NAV) 0.23% 0.52% 0.38% 1.74% 1.07% 0.81% --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays 1-3 Year Government Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FTSD Top 10 Countries [View All]

FTSD Top 10 Sectors

FTSD Top 10 Holdings [View All]

FTSD Summary Data

11/05/13
Open-Ended Fund
0.25%
$120.59M
$2.62M
0.10%

FTSD Portfolio Data

2.56
13.67 years
2.84%
03/29/19
325

FTSD Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays 1-3 Year Government Index

FTSD Portfolio Management

0.25%
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--
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FTSD Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FTSD Fund Structure

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

FTSD Factset Analytics Block Liquidity

As of 03/19/19
5
4
3
2
1

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 Tradability

27,685
$2.62M
4,937
$466.65K
0.10%
$0.10
0.02%
0.44% / -4.18%
None
100.00%
25,000
0.20
0.02%
--
--
$94.53
4

FTSD Sector/Industry Breakdown


FTSD
Segment Benchmark
74.70%
0.01%
34.54%
99.99%
3.06%
0.00%
1.85%
0.00%
-14.15%
0.00%

FTSD Top 10 Holdings[View All]

2.54%
2.37%
1.91%
1.82%
1.80%
1.77%
1.75%
1.73%
1.72%
1.72%
19.13%

FTSD Top 5 Countries


FTSD
Segment Benchmark
95.10%
99.83%
1.22%
0.00%
1.07%
0.00%
0.88%
0.00%
0.86%
0.00%

FTSD Top 5 Currencies


FTSD
Segment Benchmark
100.00%
100.00%

FTSD Economic Development


FTSD
Segment Benchmark
97.18%
99.83%
2.83%
0.17%

FTSD Performance Statistics

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FTSD HOLDINGS STATISTICS


FTSD
Segment Benchmark
13.67 years
1.93 years
2.56
1.86
0.93
0.94
0.37
0
2.84%
2.28%
3.84
--
Medium
--
325
260
AAA
N/A

FTSD MATURITY DISTRIBUTION


FTSD
Segment Benchmark
--
1.35%
--
98.65%
--
0.00%
--
0.00%
--
0.00%
--
0.00%

FTSD CREDIT BREAKDOWN


FTSD
Segment Benchmark
--
96.42%
--
3.41%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%
--
0.00%