Symbols

FLBL

Franklin Senior Loan ETF·CBOE

--(--)

Key Stats

Assets Under Management

805.07MUSD

Fund Flow (1Y)

-158.82MUSD

Dividend Yield

7.33%

Discount / Premium to NAV

-0.31%

Shares Outstanding

35.00M

Expense Ratio

0.45%

About Franklin Senior Loan ETF

Issuer

Franklin Advisers, Inc.

Brand

Franklin

Home Page

https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/26728/SINGLCLASS/franklin-senior-loan-etf/FLBL

Inception Date

May 30, 2018

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Franklin Advisers, Inc.

Distributor

Franklin Distributors LLC

FLBL invests in USD-denominated senior loans of both US and non-US companies. The fund aims to produce a high level of current income, with capital preservation as a secondary goal. The debt is generally floating rate and sub-investment-grade, rated B- or better, but up to 25% of the funds holdings may have a lower credit rating. Floating rates virtually eliminate the interest rate risk of the portfolio, but can increase the credit risk if issuers struggle to make larger payments when rates rise. Exposure to non-US issuers is capped at 25%. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Senior Loan ETF.