![[Joshua Lohmeiers avatar]](https://franklintempletonprod.widen.net/content/lagjc0inhl/webp/Lohmeier_Josh_500x500.png){kind=avatar}
Managed Fund Since 2023
Fixed Income Active
FLCB Franklin U.S. Core Bond ETF
- Built for the core. Broad, diversified exposure to investment grade bonds across sectors.
- Alpha generation: Pursues benchmark outperformance mainly through security selection and sector rotation.
- Active risk-focused approach. Focuses on risk-management to help mitigate the impact of down markets and stays within specific duration and sector ranges relative to the benchmark.
Popular Documents
Total Net Assets
$2.89B
As of 05/10/2026 (Updated Daily)
Overview
Fund Facts
Fund description
Seeks total return, pursuing relative value opportunities, and invests in bonds of U.S. issuers, including government, corporate debt, mortgage-backed and asset-backed securities.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Fund Inception Date
- 09/17/2019
- Listing Exchange
- NYSE Arca
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
4 As of 05/08/2026 (Updated Daily) - 4.79%
Identifiers
- Ticker
- FLCB
- CUSIP Code
- 35473P553
- ISIN Code
- US35473P5531
- Bloomberg Code
- FLCB US
Average Annual Total Returns As of 03/31/2026
- 4.23%1 Year
- 3.66%3 Years
- 0.16%5 Years
- —10 Years
- 0.93%Since Inception
09/17/2019
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 05/06/2026 - Notional Exposure % of Total (Updated Daily)
US Treasuries31.42% | |
Investment Grade Corporates30.48% | |
Agency Mortgage-Backed Securities30.45% | |
Interest Rate Derivatives6.36% | |
Commercial Mortgage Backed Securities5.62% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
10 - Intermediate Core Bond
Trading Characteristics
- Shares Outstanding
- 134,800,000
- Daily Volume
- 158,452
- 20-Day Average Volume
- 357206.10
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 : The war in the Middle East, which began in late February when the United States and Israel struck Iran, dominated much of the news flow and financial market sentiment over the remainder of the quarter. The reaction in markets has evolved, initially seeing a traditional risk-off move in both the US dollar and US bonds, which then turned into a stagflationary-focused sell-off in core developed bond markets as oil prices surged (although the dollar remained well-supported). The US Federal Reserve remained on hold throughout the quarter. The March FOMC meeting statement and press conference emphasized uncertainty related to the Iran war, indicating that the Fed would look through any initial oil supply shock effect on inflation to focus on core developments, while also noting a likely dragging effect on the economy; ultimately the Committee retained an easing bias. The benchmark 10-year UST yield increased 15 bps to end the quarter at 4.32% (after having fallen to 3.94% in the immediate reaction to the start of the conflict). Fixed income volatility measures rose during the quarter, with much of the increase coming in the wake of the onset of the war in the Middle East. Credit spreads rose over the quarter, with the increase significantly more pronounced in the high-yield sector; total returns in corporate bonds were negative over the quarter. Securitized sectors generated a positive excess return versus duration-matched Treasuries.
- Contributors :. Yield curve positioning. Security selection in investment-grade (IG) corporate bonds and agency mortgage-backed securities (MBS).
- Detractors :. Overweight allocation to IG corporate bonds.
- Outlook :. Looking ahead into 2026, we have favorable view towards the US economy, which remains resilient despite rising external pressures. Impending fiscal stimulus and an intact AI-driven capital expenditure cycle could offset consumption drags. While our 3.0% GDP growth forecast faces downside risks, structural expansion continues, making slower growth far more likely than a recession. Meanwhile, we expect the Federal Reserve to hold rates steady to combat any persistent inflation risks.
Franklin Templeton Fixed Income
![[Patrick A. Kleins avatar]](https://franklintempletonprod.widen.net/content/rwvxaop09d/webp/Klein_Patrick_500x500.png){kind=avatar}
Managed Fund Since 2019
![[Tina Chous avatar]](https://franklintempletonprod.widen.net/content/r74nj10zyg/webp/Chou_Tina_500x500.png){kind=avatar}
Managed Fund Since 2019
![[Michael V Salms avatar]](https://franklintempletonprod.widen.net/content/gdksujp88u/webp/Salm_Michael_500x500.png){kind=avatar}
Managed Fund Since 2024
Latest Insights
May 7, 2026
April 29, 2026
Performance
Average Annual Total Returns
As of 03/31/2026
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Selected Month March 2026
Franklin U.S. Core Bond ETF - Market Price Return (%)
Month End
As of 03/31/2026
Franklin U.S. Core Bond ETF - NAV Return (%)
Month End
As of 03/31/2026
Bloomberg U.S. Aggregate Index (%)
Month End
As of 03/31/2026
Ratings 3
©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of05/10/2026 (Updated Daily)
- Total Net Assets
- $2.89 Billion
Positions
As of 05/06/2026 (Updated Daily)
Number of Holdings
- Fund
- 570
Portfolio Statistics
As of 05/06/2026 (Updated Daily)
Effective Duration
- Fund
- 5.86 Years
- Benchmark
- 5.85 Years
- Fund
- 7.53 Years
- Benchmark
- 8.14 Years
Maturity Allocation
As of 05/06/2026 - Market Value % of Total (Updated Daily)
| Maturity | Fund | Benchmark |
|---|---|---|
| 0 to 1 Year | 0.33% | 0.08% |
| 1 to 2 Years | 13.71% | 12.09% |
| 2 to 3 Years | 12.65% | 11.39% |
| 3 to 5 Years | 25.45% | 20.01% |
| 5 to 7 Years | 12.32% | 14.49% |
| 7 to 10 Years | 27.25% | 23.41% |
| 10 to 15 Years | 2.15% | 2.58% |
| 15 to 20 Years | 3.39% | 5.30% |
| 20 to 25 Years | 4.84% | 3.84% |
| 25 to 30 Years | 4.17% | 5.63% |
| 30+ Years | 0.11% | 0.75% |
Holdings
As of 05/07/2026 (Updated Daily)
US TREASURY N/B 3.25 6/27
FNCL 4.5 6/26
US TREASURY N 1.375 12/28
US TREASURY N/ 4.125 7/28
US TREASURY N/ 1.375 8/50
US TREASURY N/B 4 10/29
US TREASURY N/B 3.5 4/28
US TREASURY N/B 4.75 8/55
US TREASURY N/B 0.5 6/27
US TREASURY N/B 3 11/44
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) 4.79%
Distributions are not guaranteed and are subject to change.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
05/04/2026
04/02/2026
03/03/2026
02/03/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 05/08/2026 (Updated Daily)
Daily Fund Prices
As of 05/08/2026
Share Prices
As of 05/08/2026
52-Week Range
- Highest NAV
As of 02/27/2026 - $21.95
- Lowest NAV
As of 05/21/2025 - $21.01
- Highest Market Price
As of 02/27/2026 - $21.96
- Lowest Market Price
As of 05/21/2025 - $21.01
Premium / Discount
As of 05/08/2026
- 30-Day Median Bid/Ask Spread
- 0.05%
- Bid / Ask Spread
- $0.01
- Avg. of Market Price vs. NAV since Inception
- 0.03%
- Avg. of Market Price vs. NAV at Close
11 - 0.05%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin U.S. Core Bond ETF | |||
| Product Commentary - Franklin U.S. Core Bond ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin U.S. Core Bond ETF - Single Class | |||
| Annual Financial Statements and Other Information - Franklin Templeton ETF Trust 2 | |||
| Semi-Annual Report - Franklin U.S. Core Bond 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 U.S. Core Bond ETF | |||
| 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. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. 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. 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.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The Bloomberg U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.
Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. For more information, please see the ETF’s statement of additional information (SAI) which can be found on the fund’s webpage.