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Managed Fund Since 2023
Fixed Income Active
FLCO Franklin Investment Grade Corporate ETF
- Differentiated portfolio construction approach. Strategic allocation to risk across ratings, sectors and maturity curves to take advantage of inefficient credit benchmark.
- Focus on risk management. Strategy implements risk-controlled approach with total portfolio beta managed to be in line with that of the benchmark and risk management incorporated in each stage of the investment process.
- Expertise. Team of seasoned portfolio managers supported by deep resources, leveraging a large and experienced global credit research analyst team.
Popular Documents
NAV
$21.31
As of 06/09/2026
YTD Total Returns At NAV
0.29%
As of 06/09/2026
Total Net Assets
$583.96M
As of 06/09/2026 (Updated Daily)
Overview
Fund Facts
Fund description
The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.
- Benchmark
- Bloomberg US Corporate - Investment Grade Index
- Fund Inception Date
- 10/03/2016
- Listing Exchange
- NYSE Arca
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
As of 06/09/2026 (Updated Daily) - 4.59%
- 30-Day SEC Yield—With Waiver
As of 05/31/2026 (Updated Monthly) - 4.83%
- 30-Day SEC Yield—Without Waiver
As of 05/31/2026 (Updated Monthly) - 4.83%
Expenses & Fees
- Gross Expense Ratio
- 0.35%
- Net Expense Ratio
- 0.35%
Identifiers
- Ticker
- FLCO
- CUSIP Code
- 35473P603
- ISIN Code
- US35473P6034
- Bloomberg Code
- FLCO US
Average Annual Total Returns As of 05/31/2026
- 5.50%1 Year
- 5.07%3 Years
- 0.31%5 Years
- —10 Years
- 2.21%Since Inception
10/03/2016
Top Sectors
As of 06/09/2026 % of Total (Updated Daily)
Finance38.14% | |
Health Care11.50% | |
Technology8.11% | |
Utility7.55% | |
Energy5.77% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
- Corporate Bond
Trading Characteristics
- Shares Outstanding
- 27,400,000
- Daily Volume
- 45,381
- 20-Day Average Volume
- 50501.40
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Commentary Highlights
March 31, 2026- Markets : As per Barclays, US investment-grade (IG) corporate credit markets generated total returns of approximately -0.54% in the first quarter of 2026, driven by wider credit spreads as well as higher US Treasury (UST) yields, partially offset by coupon income. Credit spreads ended the quarter 11 basis points (bps) wider, while 10-year USTs increased by 15 bps and 30-year USTs by seven bps. Excess returns from credit spreads were -0.04%, and the US IG corporate index ended the quarter with an increase of 89 bps. Risk assets, including equities, generally provided negative total returns in the period, affecting sentiment in credit in addition to heightened war and geopolitical risks as well as supply concerns from Artificial Intelligence (AI) and mergers and acquisitions (M&A).
- Contributors : Security selection in the banking, consumer non-cyclical and capital goods sectors.
- Detractors : Asset allocation due to an underweight to energy and an overweight to banking.
- Outlook : We maintain our emphasis on diligent security selection and individual company fundamentals. While we believe IG corporate bonds continue to offer relatively attractive yield, spread levels offer little cushion for further economic, market or geopolitical surprises.
Franklin Templeton Fixed Income
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Managed Fund Since 2024
![[Andrew C Bensons avatar]](https://franklintempletonprod.widen.net/content/dnwdsns656/webp/Benson_Andrew_500x500.png){kind=avatar}
Managed Fund Since 2024
![[Marc Kremers avatar]](https://franklintempletonprod.widen.net/content/qlvdqgpevm/webp/Kremer_Marc_500x500.png){kind=avatar}
Managed Fund Since 2016
Latest Insights
June 8, 2026
April 29, 2026
Performance
Average Annual Total Returns
As of 05/31/2026
Selected Month May 2026
Franklin Investment Grade Corporate ETF - Market Price Return (%)
Month End
As of 05/31/2026
Franklin Investment Grade Corporate ETF - NAV Return (%)
Month End
As of 05/31/2026
Bloomberg US Corporate - Investment Grade Index (%)
Month End
As of 05/31/2026
Ratings
Portfolio
Assets
As of06/09/2026 (Updated Daily)
- Total Net Assets
- $583.96 Million
Positions
As of 06/08/2026 (Updated Daily)
Number of Holdings
- Fund
- 228
Portfolio Statistics
As of 06/08/2026 (Updated Daily)
Effective Duration
- Fund
- 6.76 Years
- Benchmark
- 6.75 Years
- Fund
- 75BPS
- Benchmark
- 73BPS
- Fund
- 10.33 Years
- Benchmark
- 10.38 Years
Geographic Allocation
As of 06/09/2026 % of Total (Updated Daily)
| Geography | Fund | Benchmark |
|---|---|---|
North America | 85.91% | 89.54% |
| United States | 85.22% | 86.52% |
| Canada | 0.69% | 3.02% |
Europe | 9.83% | 6.65% |
| United Kingdom | 2.26% | 3.72% |
| Switzerland | 1.55% | 0.19% |
| Germany | 1.20% | 0.39% |
| France | 1.05% | 0.31% |
| Italy | 0.80% | 0.01% |
| Belgium | 0.75% | 0.52% |
| Ireland | 0.63% | 0.38% |
| Portugal | 0.54% | — |
| Denmark | 0.53% | — |
| Spain | 0.30% | 0.60% |
| Norway | 0.23% | — |
Australia/New Zealand | 1.56% | 0.94% |
| Australia | 1.56% | 0.94% |
Asia | 1.55% | 2.27% |
| Japan | 1.55% | 1.90% |
Cash & Cash Equivalents | 1.16% | — |
| Cash & Cash Equivalents | 1.16% | — |
Holdings
As of 06/09/2026 (Updated Daily)
IFT - MONEY MARKET PORT
MORGAN STANLEY 1.794 2/32
BANK OF AMER C 5.202 4/29
WELLS FARGO CO 4.808 7/28
AT&T INC 3.5 6/41
PNC FINANCIAL 5.222 1/31
JPMORGAN CHAS 6.087 10/29
T-MOBILE USA I 2.875 2/31
BANK OF AMER C 4.571 4/33
Net Current Assets
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 4.59%
30-Day SEC Yield
w/ Waiver
w/o Waiver 4.83%
Distributions Per Share
06/02/2026
05/04/2026
04/02/2026
03/03/2026
02/03/2026
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Investment Grade Corporate ETF | |||
| Product Commentary - Franklin Investment Grade Corporate ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Investment Grade Corporate ETF - Single Class | |||
| Annual Financial Statements and Other Information - Franklin Templeton ETF Trust 2 | |||
| Semi-Annual Report - Franklin Investment Grade Corporate ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Franklin Income Equity Focus ETF | |||
| Prospectus - Franklin Templeton ETF Trust 2 Active Funds | |||
| Summary Prospectus - Franklin Investment Grade Corporate ETF Fund | |||
| Statement of Additional Information - Franklin Templeton ETF Trust 2 Active Funds | |||
| Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta Funds | |||
| Q3 Portfolio Holdings - Franklin Templeton ETF Trust |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Distributions are not guaranteed and are subject to change. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.