Key stats
About Franklin Ultra Short Bond ETF
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Inception date
Jul 14, 2020
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US35473P4963
FLUD seeks current income and capital preservation by investing in ultra-short-term bonds. The portfolio is a mixture of fixed and variable rate debts issued mainly from the US but may include other developed and emerging markets. The fund may hold securities issued by governments and corporations, money market, MBS and ABS, and municipal bonds. It may also invest in interest rate/bond futures contracts and interest rate swaps, allowing the fund for net long or short exposures to select interest rates or durations. These holdings are actively selected from various sectors based on the advisers top-down analysis of macroeconomic trends and bottom-up analysis of market sectors, industries, and issuers' conditions. Proprietary quantitative models are used to identify trading opportunities. The fund focuses on investment grade securities to hedge credit risk and for capital preservation. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Ultra Short Bond ETF.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FLUD assets under management is 153.50 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FLUD invests in bonds. See more details in our Analysis section.
FLUD expense ratio is 0.15%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FLUD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FLUD pays dividends to its holders with the dividend yield of 4.65%.
FLUD shares are issued by Franklin Resources, Inc.
FLUD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 14, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.