FLCO

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. Under normal market conditions, the Fund invests at least 80% of its net assets in investment grade corporate debt securities and investments. Investment grade debt securities are securities that are rated at the time of purchase in the top four ratings categories by one or more independent rating organizations such as Standard & Poor s (S&P) (rated BBB- or better) or Moody s Investors Service (Moody s) (rated Baa3 or higher) or, if unrated, are determined to be of comparable quality by the Fund s investment manager. Derivatives whose reference securities are investment grade are considered by the Fund to be investment grade investments. Corporate issuers may include corporate or other business entities in which a sovereign or governmental agency or entity may have, indirectly or directly, an interest, including a majority or greater ownership interest. The Fund invests primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign companies. The Fund may invest in debt securities of any maturity or duration. The Fund s focus on the credit quality of its portfolio is intended to reduce credit risk and help to preserve the Fund s capital. 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.
Fund Profile
Fund Name Franklin Liberty Investment Grade Corporate ETF
Fund Exchange Ticker FLCO
Fund Sponsor Franklin Templeton
Fund ISIN US35473P6034
Net Expense Ratio 0.35 %
Fund Inception Date 3 October 2016
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
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 Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 124.53 Million (USD)
1 Month Total Return 2.03 %
Year To Date Return 8.34 %
1 Year Total Return 8.94 %
3 Year Annualized Total Return
NAV 24.66
Share Outstanding 5,050,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US LONG BOND(CBT) SEP19 FUTR 0.0707000000
Cash & Cash Equivalents CASH 0.0499000000
BANK OF AMERICA CORP BOND 0.0290000000
MORGAN STANLEY BOND 0.0253000000
CITIGROUP INC BOND 0.0246000000
REGIONS FINANCIAL CORP BOND 0.0243000000
CRED SUIS GP FUN LTD BOND 0.0241000000
BB&T CORPORATION BOND 0.0228000000
HSBC HOLDINGS PLC BOND 0.0212000000
GOLDMAN SACHS GROUP INC BOND 0.0205000000