Key stats
About Franklin U.S. Core Bond ETF
Expense ratio
0.15%
Home page
Inception date
Sep 17, 2019
FLCB offers Agg-like exposure with active management. It explicitly aims for performance within 50 to 100 bps of the Bloomberg U.S. Aggregate Bond Index, with similar sector, credit and rate risk. Thus the portfolio at any time is likely dominated by Treasurys, MBS and US corporates. The managers aim to add value with top-down evaluation of macro conditions and bottom-up analysis of sectors, industries and issuers. While active management is the norm for bond ETFs from this issuer, most competing broad US IG bond ETFs track indexes. The funds benchmark aware approach seems built for core allocation, so active FLCB competes with directly with passive Agg-tracking ETFs. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty U.S. Core Bond ETF.
Classification
What's in the fund
Exposure type
Government
Securitized
Corporate
Bonds, Cash & Other100.00%
Government39.05%
Securitized29.60%
Corporate27.54%
Mutual fund2.49%
Municipal0.81%
Agency0.43%
Cash0.08%
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