FLBL

Fund Description
The Fund invests predominantly in income-producing senior floating interest rate corporate loans made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically adjusted to a generally recognized base interest rate such as the London Interbank Offered Rate (LIBOR) or the Prime Rate. The Fund s senior loans typically hold the most senior position in the capitalization structure of a company and are generally secured by specific collateral. Such senior position means that, in case the company becomes insolvent, the lenders or security holders in a senior position like the Fund s position will typically be paid before other unsecured or subordinated creditors of the company from the assets of the company. The Fund currently limits its investments in debt obligations of non-U.S. entities to no more than 25% of its total assets. The Fund currently invests predominantly in debt obligations that are U.S. dollar-denominated or otherwise provide for payment in U.S. dollars.
Fund Profile
Fund Name Franklin Liberty Senior Loan ETF
Fund Exchange Ticker FLBL
Fund Sponsor Franklin Templeton
Fund ISIN US35473P5952
Net Expense Ratio 0.45 %
Fund Inception Date 30 May 2018
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Corporate
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Corporate
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 57.22 Million (USD)
1 Month Total Return -0.08 %
Year To Date Return 4.26 %
1 Year Total Return 2.36 %
3 Year Annualized Total Return
NAV 24.88
Share Outstanding 2,300,000
Top 10 Holdings (13 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash & Cash Equivalents CASH 0.0675000000
COMMSCOPE INC BOND 0.0280000000
PANTHER BF AGGREGATOR 2 L P BOND 0.0279000000
AMGH HLDG CORP BOND 0.0275000000
VALEANT PHARMACEUTICALS INTL I BOND 0.0271000000
ASURION LLC BOND 0.0270000000
ENDO LUXEMBOURG FIN CO I S A BOND 0.0268000000
1011778 B C UNLIMITED LIABILI BOND 0.0265000000
CSC HOLDINGS LLC BOND 0.0254000000
PRIME SECURITY SRVCS BORROWER BOND 0.0250000000