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 18 January 2019
Asset Under Management 17.48 Million (USD)
1 Month Total Return 0.95 %
Year To Date Return 1.06 %
1 Year Total Return -1.36 %
3 Year Annualized Total Return
NAV 23.3
Share Outstanding 750,000
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash & Cash Equivalents BOND 0.0513000000
ALIBABA GROUP HOLDING SR UNSECURED 11/19 2.5 BOND 0.0350980000
CHEVRON CORP SR UNSECURED 05/26 2.954 BOND 0.0301400000
SHELL INTERNATIONAL FIN COMPANY GUAR 05/20 2.125 BOND 0.0284310000
HOME DEPOT INC SR UNSECURED 04/26 3 BOND 0.0277440000
MICROSOFT CORP SR UNSECURED 11/45 4.45 BOND 0.0265180000
GOLDMAN SACHS GROUP INC SUBORDINATED 10/25 4.25 BOND 0.0264950000
SUMITOMO MITSUI BANKING BANK GUARANT 01/20 2.514 BOND 0.0256380000
NBCUNIVERSAL MEDIA LLC COMPANY GUAR 04/21 4.375 BOND 0.0252860000
BANK OF AMERICA CORP SUBORDINATED 11/27 4.183 BOND 0.0252160000