FLUD

Franklin Ultra Short Bond ETF

$25.02

+0.00%

Market closed. Last update: 11:44 PM ET

📎 Investment Objective

The Franklin Ultra Short Bond ETF (FLUD) seeks to provide a high level of current income consistent with preservation of capital and liquidity.

Overview

ETF tracking Franklin Ultra Short Bond ETF

Category Inverse

Issuer Other

Inception Date 2020-07-16

Market Cap $153.9M

Average Volume N/A

Dividend Yield 3.75%

52-Week Range $24.79 - $25.15

VWAP $25.02

Performance

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Investment Summary

📎 Investment Objective

The Franklin Ultra Short Bond ETF (FLUD) seeks to provide a high level of current income consistent with preservation of capital and liquidity.

🎯 Investment Strategy

The fund invests primarily in a portfolio of high-quality, short-term fixed income securities, including U.S. government and agency securities, corporate bonds, mortgage-backed securities, and other asset-backed securities. The fund maintains a dollar-weighted average portfolio maturity of 1 year or less.

✨ Key Features

Focuses on high-quality, short-term fixed income securities to provide current income with low volatility
Maintains a very short average portfolio maturity to limit interest rate risk
Seeks to preserve capital and provide liquidity for investors
Expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's share price and yield will be affected by interest rate movements
Credit risk: The fund is exposed to the creditworthiness of the issuers of the debt securities it holds
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Concentration risk: The fund may have significant exposure to a particular sector or issuer

👤 Best For

The Franklin Ultra Short Bond ETF may be suitable for investors seeking current income and preservation of capital, with a low tolerance for volatility. It can serve as a cash management or short-term fixed income allocation within a diversified portfolio.