Key stats
About Franklin Ultra Short Bond ETF
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Inception date
Jul 14, 2020
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
FLUD seeks current income and capital preservation by investing in ultra-short-term bonds. The portfolio is a mixture of fixed and variable rate debts issued mainly from the US but may include other developed and emerging markets. The fund may hold securities issued by governments and corporations, money market, MBS and ABS, and municipal bonds. It may also invest in interest rate/bond futures contracts and interest rate swaps, allowing the fund for net long or short exposures to select interest rates or durations. These holdings are actively selected from various sectors based on the advisers top-down analysis of macroeconomic trends and bottom-up analysis of market sectors, industries, and issuers' conditions. Proprietary quantitative models are used to identify trading opportunities. The fund focuses on investment grade securities to hedge credit risk and for capital preservation. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Ultra Short Bond ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate92.63%
Cash6.75%
Miscellaneous0.49%
Mutual fund0.13%
Stock breakdown by region
North America69.46%
Europe22.40%
Oceania5.01%
Asia3.13%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history