Franklin High Yield Corporate ETFFranklin High Yield Corporate ETFFranklin High Yield Corporate ETF

Franklin High Yield Corporate ETF

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Key stats


Assets under management (AUM)
‪599.58 M‬USD
Fund flows (1Y)
‪351.42 M‬USD
Dividend yield (indicated)
6.52%
Discount/Premium to NAV
−0.2%
Shares outstanding
‪25.15 M‬
Expense ratio
0.40%

About Franklin High Yield Corporate ETF


Issuer
Franklin Resources, Inc.
Brand
Franklin
Inception date
May 30, 2018
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
FLHY has broad leeway in fulfilling its mandate for high income. The fund may hold any kind of high-yield corporate debt, from issuers in any geography (including emerging markets), denominated in any currency. The fund may also use OTC derivatives to gain exposure to high-yield debt, increase liquidity, hedge currency exposure, or for other hedging purposes. The funds active manager uses a bottom-up research process, including independent credit analysis, to identify attractive investment opportunities. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty High Yield Corporate ETF.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 13, 2025
Exposure type
StocksBonds, Cash & Other
Corporate
Stocks0.13%
Electronic Technology0.11%
Health Technology0.02%
Bonds, Cash & Other99.87%
Corporate96.59%
Government1.32%
Loans0.95%
Miscellaneous0.73%
Municipal0.27%
Cash0.01%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows