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Trending ETFs

Franklin Liberty High Yield Corporate ETF

etf
FLHY
Dividend policy
None
Price as of:
$26.62 +0.06 +0%
primary theme
High Yield Bond
FLHY (ETF)

Franklin Liberty High Yield Corporate ETF

Dividend policy
None
Price as of:
$26.62 +0.06 +0%
primary theme
High Yield Bond
FLHY (ETF)
Franklin Liberty High Yield Corporate ETF
Dividend policy
None
Price as of:
$26.62 +0.06 +0%
primary theme
High Yield Bond

FLHY - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 7.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $349 M
  • Holdings in Top 10 10.4%

52 WEEK LOW AND HIGH

$26.57
$24.60
$26.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 53.18%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Bond
  • Fund Type Exchange Traded Fund
  • Investment Style High Yield Bond

Compare FLHY to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$5.97

0.00%

$29.26 B

4.36%

$0.26

blocked
blocked
blocked

-0.17%

0.23%

$7.89

0.00%

$23.47 B

4.84%

$0.38

blocked
blocked
blocked

1.28%

0.59%

$5.57

-0.18%

$22.61 B

5.40%

$0.30

blocked
blocked
blocked

1.09%

0.79%

$10.52

0.00%

$19.10 B

5.15%

$0.54

blocked
blocked
blocked

3.75%

0.73%

$11.20

+0.09%

$14.74 B

3.19%

$0.36

blocked
blocked
blocked

4.48%

0.67%

Compare FLHY to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.66

+0.07%

$22.09 B

4.50%

$3.95

blocked
blocked
blocked

0.31%

0.48%

$109.50

+0.03%

$10.77 B

4.67%

$5.12

blocked
blocked
blocked

0.51%

0.40%

$40.16

0.00%

$6.59 B

4.86%

$1.95

blocked
blocked
blocked

-19.80%

0.20%

$45.95

+0.07%

$5.09 B

4.99%

$2.29

blocked
blocked
blocked

1.14%

0.30%

$27.51

+0.07%

$4.77 B

4.71%

$1.30

blocked
blocked
blocked

2.08%

0.40%

FLHY - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.84%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Liberty High Yield Corporate ETF
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 30, 2018
  • Shares Outstanding
    13250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patricia O'Connor

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. It may invest up to 100% of its total assets in high yield debt securities. The fund may invest in debt securities of U.S. and foreign issuers, including those in developing or emerging markets. These securities may be U.S. dollar or non-U.S. dollar denominated.


FLHY - Performance

Return Ranking - Trailing

Period FLHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -19.8% 13.5% 87.26%
1 Yr 13.8% 0.0% 42.3% 58.66%
3 Yr 7.9%* -11.7% 10.6% 6.44%
5 Yr N/A* -5.2% 10.9% N/A
10 Yr N/A* 1.4% 9.6% N/A

* Annualized

Return Ranking - Calendar

Period FLHY Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -46.8% 399.1% 18.79%
2019 9.9% -10.3% 226.1% 6.56%
2018 N/A -18.4% -0.4% N/A
2017 N/A -9.5% 18.8% N/A
2016 N/A -9.1% 28.6% N/A

Total Return Ranking - Trailing

Period FLHY Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -19.8% 13.5% 87.53%
1 Yr 13.8% 0.0% 42.3% 51.57%
3 Yr 7.9%* -11.7% 10.6% 5.60%
5 Yr N/A* -5.2% 10.9% N/A
10 Yr N/A* 1.4% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FLHY Return Category Return Low Category Return High Rank in Category (%)
2020 1.6% -46.8% 399.1% 18.79%
2019 9.9% -3.8% 23.9% 8.31%
2018 N/A -18.4% 1.3% N/A
2017 N/A -8.5% 18.8% N/A
2016 N/A -9.1% 39.0% N/A

FLHY - Holdings

Concentration Analysis

FLHY Category Low Category High FLHY % Rank
Net Assets 349 M 249 K 29.3 B 57.65%
Number of Holdings 236 3 2442 72.78%
Net Assets in Top 10 36.2 M -493 M 3.93 B 60.92%
Weighting of Top 10 10.36% 2.8% 100.0% 60.41%

Top 10 Holdings

  1. Clearway Energy Operating LLC 5% 2.01%
  2. B&G Foods, Inc. 5.25% 1.98%
  3. Beacon Roofing Supply, Inc. 4.88% 1.84%
  4. ALTICE FRANCE S.A 8.12% 1.57%
  5. HCA Inc. 3.5% 1.47%
  6. CVR Energy Inc 5.25% 1.37%
  7. Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc 5.5% 1.33%
  8. Comstock Resources, Inc. 9.75% 1.25%
  9. Bausch Health Companies Inc 9.25% 1.21%
  10. Allison Transmission Inc. 3.75% 1.16%

Asset Allocation

Weighting Return Low Return High FLHY % Rank
Bonds
98.09% 3.38% 147.88% 8.49%
Convertible Bonds
1.92% 0.00% 19.94% 44.20%
Cash
0.07% -44.84% 62.72% 87.06%
Stocks
0.03% -10.91% 31.60% 69.41%
Preferred Stocks
0.00% 0.00% 19.22% 77.76%
Other
-0.11% -52.60% 32.06% 97.30%

Stock Sector Breakdown

Weighting Return Low Return High FLHY % Rank
Consumer Cyclical
100.00% 0.00% 100.00% 0.20%
Utilities
0.00% 0.00% 100.00% 65.82%
Technology
0.00% 0.00% 47.03% 65.04%
Real Estate
0.00% 0.00% 100.00% 63.87%
Industrials
0.00% 0.00% 100.00% 71.68%
Healthcare
0.00% 0.00% 63.64% 69.34%
Financial Services
0.00% 0.00% 100.00% 68.36%
Energy
0.00% 0.00% 100.00% 90.23%
Communication Services
0.00% 0.00% 100.00% 74.80%
Consumer Defense
0.00% 0.00% 100.00% 64.06%
Basic Materials
0.00% 0.00% 100.00% 71.48%

Stock Geographic Breakdown

Weighting Return Low Return High FLHY % Rank
US
0.03% -13.16% 30.16% 62.26%
Non US
0.00% 0.00% 14.47% 71.70%

Bond Sector Breakdown

Weighting Return Low Return High FLHY % Rank
Corporate
99.93% 0.00% 100.00% 1.48%
Cash & Equivalents
0.07% 0.00% 87.53% 95.55%
Derivative
0.00% 0.00% 40.49% 68.15%
Securitized
0.00% 0.00% 95.33% 77.60%
Municipal
0.00% 0.00% 14.61% 58.43%
Government
0.00% 0.00% 54.41% 73.82%

Bond Geographic Breakdown

Weighting Return Low Return High FLHY % Rank
US
86.12% -88.80% 122.18% 15.23%
Non US
11.97% -25.64% 132.83% 54.85%

FLHY - Expenses

Operational Fees

FLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.03% 20.43% 82.80%
Management Fee 0.61% 0.00% 1.84% 67.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.18% 0.00% 349.00% 30.80%

FLHY - Distributions

Dividend Yield Analysis

FLHY Category Low Category High FLHY % Rank
Dividend Yield 1.35% 0.00% 4.01% 4.03%

Dividend Distribution Analysis

FLHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FLHY Category Low Category High FLHY % Rank
Net Income Ratio 4.84% -2.17% 10.53% 56.77%

Capital Gain Distribution Analysis

FLHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FLHY - Fund Manager Analysis

Managers

Patricia O'Connor


Start Date

Tenure

Tenure Rank

May 30, 2018

3.01

3.0%

Patricia O'Connor, CFA, VP, is a vice president and portfolio manager for the Franklin Templeton Fixed Income Group. Prior to joining Franklin Templeton in 1997, Ms. O'Connor worked for Morgan Stanley Asset Management. She holds a B.S. (Accounting, Lehigh Univ.) and an MBA (Univ. of Chicago). Ms. O'Connor holds a B.S. in accounting from Lehigh University and an M.B.A. in finance and economics from the University of Chicago. She is a Chartered Financial Analyst (CFA) charterholder, as well as a member of the CFA Society of San Francisco and CFA Institute.

Glenn Voyles


Start Date

Tenure

Tenure Rank

May 30, 2018

3.01

3.0%

Glenn Voyles, CFA, VP, is a high-yield analyst and portfolio manager for Franklin Advisers, Inc. He is Director of Portfolio Management for the Corporate & High Yield Group and sits on the Fixed Income Policy Committee. He oversees the corporate credit portfolio team as well as various high yield and global credit strategies. He joined Franklin Templeton in 1993. Mr. Voyles holds a B.A. (Stanford Univ.). He is a member of Security Analysts of San Francisco and the CFA Institute.

Jonathan Belk


Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.83

0.8%

Thomas Runkel


Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.83

0.8%

Tom Runkel is a vice president and portfolio manager for Franklin Templeton Investments. Mr. Runkel focuses on relative value security selection and allocation among the credit sectors for the multi-sector fixed income portfolios. He also serves as the director of portfolio strategies and the lead portfolio manager for the SMA Taxable Fixed Income strategies and supervises the Franklin SMA Taxable Fixed Income Portfolio Management team. Mr. Runkel joined Franklin in 1983 and served as a senior portfolio manager for Franklin's taxable money fund and investment grade fixed income assets as well as a trader for taxable fixed income and equity securities. Mr. Runkel founded Runkel Funds, Inc. in 2002 and managed a large-cap value fund until late 2005 before returning to Franklin in 2006. Mr. Runkel has an M.B.A. from the University of Santa Clara and earned a B.S. in political science from the University of California, Davis. He is a Chartered Financial Analyst (CFA) charterholder.

Pururav Thoutireddy


Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.83

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 36.79 6.75 1.92