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Critical Facts You Need to Know About Preferred Stocks
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Franklin Ultra Short Bond ETF
Active ETF
FLUD
Payout Change
Pending
Price as of:
$24.88
+0.08
+0.3%
primary theme
U.S. Ultrashort Bond Duration
FLUD (ETF)
Franklin Ultra Short Bond ETF
Payout Change
Pending
Price as of:
$24.88
+0.08
+0.3%
primary theme
U.S. Ultrashort Bond Duration
FLUD (ETF)
Franklin Ultra Short Bond ETF
Payout Change
Pending
Price as of:
$24.88
+0.08
+0.3%
primary theme
U.S. Ultrashort Bond Duration
Name
As of 01/02/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.3%
1 yr return
5.7%
3 Yr Avg Return
3.9%
5 Yr Avg Return
N/A
Net Assets
$6.23 M
Holdings in Top 10
58.7%
52 WEEK LOW AND HIGH
$24.8
$24.75
$25.07
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.71%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 01/02/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FLUD - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return 3.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.55%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Ultra Short Bond ETF
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateJul 16, 2020
-
Shares Outstanding100000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerShawn Lyons
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. Bonds include, but are not limited to, a variety of fixed and variable rate debt obligations, including government and corporate debt securities; money market instruments; and municipal securities.
The Fund targets an estimated average portfolio duration of one (1) year or less. Duration is a measure of the expected price volatility of a debt instrument as a result of changes in market rates of interest, based on the weighted average timing of the instrument’s expected principal and interest payments and other factors.
The Fund invests predominantly in U.S. dollar denominated, investment grade 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 S&P® Global Ratings (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. 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 is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share.
The Fund generally expects to invest a substantial portion of its assets in cash, cash equivalents and high quality money market securities, including commercial paper, certificates of deposit, repurchase agreements and affiliated or unaffiliated money market funds.
The Fund may invest in securities issued or guaranteed by the U.S. government or by non-U.S. governments or their respective agencies or instrumentalities.
The Fund may invest in U.S. dollar denominated foreign securities, including emerging market securities.
Although the Fund may invest across economic sectors, the Fund concentrates its investments in financials related industries.
In choosing investments for the Fund, the investment manager selects securities in various market sectors based on its assessment of changing economic, market, industry and issuer conditions. The investment manager uses a “top-down” analysis of macroeconomic trends, combined with a “bottom-up” fundamental analysis of market sectors, industries and issuers, to try to take advantage of varying sector reactions to economic events. The investment manger may utilize quantitative models to identify investment opportunities as part of the portfolio construction process for the Fund. Quantitative models are proprietary systems that rely on mathematical computations to identify investment opportunities. The investment manager may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuer’s fundamentals, or when the investment manager believes another security is a more attractive investment opportunity.
FLUD - Performance
Return Ranking - Trailing
| Period | FLUD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -0.2% | 0.6% | 2.83% |
| 1 Yr | 5.7% | -1.0% | 8.3% | 33.02% |
| 3 Yr | 3.9%* | -1.3% | 5.6% | 33.17% |
| 5 Yr | N/A* | -1.0% | 4.4% | 22.84% |
| 10 Yr | N/A* | -4.1% | 27.9% | 23.58% |
* Annualized
Return Ranking - Calendar
| Period | FLUD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 0.3% | -2.2% | 2.2% | 58.96% |
| 2023 | 1.0% | -2.3% | 4.3% | 55.66% |
| 2022 | -1.2% | -6.5% | 0.5% | 33.17% |
| 2021 | -0.8% | -2.1% | 0.3% | 86.43% |
| 2020 | N/A | -3.1% | 1.8% | N/A |
Total Return Ranking - Trailing
| Period | FLUD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -0.2% | 0.6% | 2.83% |
| 1 Yr | 5.7% | -1.0% | 8.3% | 33.02% |
| 3 Yr | 3.9%* | -1.3% | 5.6% | 33.17% |
| 5 Yr | N/A* | -1.0% | 4.4% | N/A |
| 10 Yr | N/A* | -4.1% | 27.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FLUD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 5.4% | -1.0% | 8.5% | 67.92% |
| 2023 | 5.9% | 0.8% | 12.1% | 41.98% |
| 2022 | 0.2% | -5.1% | 2.5% | 40.00% |
| 2021 | 0.1% | -2.1% | 14.5% | 51.76% |
| 2020 | N/A | -1.0% | 3.6% | N/A |
FLUD - Holdings
Concentration Analysis
| FLUD | Category Low | Category High | FLUD % Rank | |
|---|---|---|---|---|
| Net Assets | 6.23 M | 26.6 K | 28.6 B | 98.11% |
| Number of Holdings | 36 | 2 | 1248 | 92.45% |
| Net Assets in Top 10 | 3.67 M | 27.7 K | 22.7 B | 98.11% |
| Weighting of Top 10 | 58.71% | 7.6% | 156.6% | 10.85% |
Top 10 Holdings
- Institutional Fiduciary Trust - Money Market Portfolio 32.20%
- Jefferies Financial Group Inc 4.81%
- Toronto-Dominion Bank/The 4.01%
- Pacific Gas and Electric Co 4.01%
- Goldman Sachs Group Inc/The 3.22%
- Capital One Financial Corp 3.18%
- Verizon Communications Inc 2.41%
- Tapestry Inc 1.63%
- Dell International LLC / EMC Corp 1.61%
- Hyundai Capital America 1.61%
Asset Allocation
| Weighting | Return Low | Return High | FLUD % Rank | |
|---|---|---|---|---|
| Bonds | 67.07% | 0.00% | 122.88% | 70.75% |
| Stocks | 32.20% | 0.00% | 94.58% | 3.30% |
| Convertible Bonds | 4.10% | 0.00% | 15.25% | 41.23% |
| Cash | 0.73% | 0.00% | 112.72% | 83.96% |
| Preferred Stocks | 0.00% | 0.00% | 1.02% | 44.81% |
| Other | 0.00% | -13.48% | 99.96% | 81.60% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FLUD % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 0.87% | N/A |
| Technology | 0.00% | 0.00% | 32.06% | N/A |
| Real Estate | 0.00% | 0.00% | 0.00% | N/A |
| Industrials | 0.00% | 0.00% | 2.85% | N/A |
| Healthcare | 0.00% | 0.00% | 4.23% | N/A |
| Financial Services | 0.00% | 0.00% | 99.34% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 11.28% | N/A |
| Consumer Defense | 0.00% | 0.00% | 4.16% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 11.26% | N/A |
| Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FLUD % Rank | |
|---|---|---|---|---|
| US | 32.20% | 0.00% | 94.58% | 3.30% |
| Non US | 0.00% | 0.00% | 0.00% | 44.81% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FLUD % Rank | |
|---|---|---|---|---|
| Corporate | 84.60% | 0.00% | 99.91% | 1.90% |
| Securitized | 8.23% | 0.00% | 100.00% | 70.14% |
| Derivative | 0.00% | -13.48% | 14.35% | 45.75% |
| Cash & Equivalents | 0.00% | 0.00% | 112.72% | 94.34% |
| Municipal | 0.00% | 0.00% | 70.39% | 68.72% |
| Government | 0.00% | 0.00% | 100.00% | 86.73% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FLUD % Rank | |
|---|---|---|---|---|
| US | 67.07% | 0.00% | 122.88% | 70.28% |
| Non US | 0.00% | 0.00% | 17.36% | 51.89% |
FLUD - Expenses
Operational Fees
| FLUD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.15% | 0.08% | 29.63% | 94.74% |
| Management Fee | 0.15% | 0.00% | 1.19% | 9.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| FLUD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| FLUD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FLUD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 24.71% | 0.00% | 336.00% | 8.43% |
FLUD - Distributions
Dividend Yield Analysis
| FLUD | Category Low | Category High | FLUD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.51% | 0.00% | 8.76% | 38.21% |
Dividend Distribution Analysis
| FLUD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FLUD | Category Low | Category High | FLUD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.55% | -1.30% | 14.86% | 42.16% |
Capital Gain Distribution Analysis
| FLUD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $0.073 | OrdinaryDividend |
| Dec 02, 2024 | $0.097 | OrdinaryDividend |
| Nov 01, 2024 | $0.116 | OrdinaryDividend |
| Oct 01, 2024 | $0.115 | OrdinaryDividend |
| Sep 03, 2024 | $0.104 | OrdinaryDividend |
| Aug 01, 2024 | $0.098 | OrdinaryDividend |
| Jul 01, 2024 | $0.097 | OrdinaryDividend |
| Jun 03, 2024 | $0.089 | OrdinaryDividend |
| May 01, 2024 | $0.121 | OrdinaryDividend |
| Apr 01, 2024 | $0.103 | OrdinaryDividend |
| Mar 01, 2024 | $0.088 | OrdinaryDividend |
| Feb 01, 2024 | $0.115 | OrdinaryDividend |
| Dec 15, 2023 | $0.116 | OrdinaryDividend |
| Dec 01, 2023 | $0.106 | OrdinaryDividend |
| Nov 01, 2023 | $0.111 | OrdinaryDividend |
| Oct 02, 2023 | $0.098 | OrdinaryDividend |
| Sep 01, 2023 | $0.103 | OrdinaryDividend |
| Aug 01, 2023 | $0.059 | OrdinaryDividend |
| Jul 03, 2023 | $0.088 | OrdinaryDividend |
| Jun 01, 2023 | $0.124 | OrdinaryDividend |
| May 01, 2023 | $0.084 | OrdinaryDividend |
| Apr 03, 2023 | $0.131 | OrdinaryDividend |
| Mar 01, 2023 | $0.073 | OrdinaryDividend |
| Feb 01, 2023 | $0.074 | OrdinaryDividend |
| Dec 16, 2022 | $0.049 | OrdinaryDividend |
| Dec 01, 2022 | $0.059 | OrdinaryDividend |
| Nov 01, 2022 | $0.030 | OrdinaryDividend |
| Oct 03, 2022 | $0.039 | OrdinaryDividend |
| Sep 01, 2022 | $0.040 | OrdinaryDividend |
| Aug 01, 2022 | $0.025 | OrdinaryDividend |
| Jul 01, 2022 | $0.025 | OrdinaryDividend |
| Jun 01, 2022 | $0.020 | OrdinaryDividend |
| May 02, 2022 | $0.015 | OrdinaryDividend |
| Apr 01, 2022 | $0.017 | OrdinaryDividend |
| Mar 01, 2022 | $0.011 | OrdinaryDividend |
| Feb 01, 2022 | $0.011 | OrdinaryDividend |
| Dec 17, 2021 | $0.013 | OrdinaryDividend |
| Dec 01, 2021 | $0.012 | OrdinaryDividend |
| Oct 29, 2021 | $0.011 | OrdinaryDividend |
| Sep 30, 2021 | $0.011 | OrdinaryDividend |
| Aug 31, 2021 | $0.009 | OrdinaryDividend |
| Jul 30, 2021 | $0.014 | OrdinaryDividend |
| Jun 30, 2021 | $0.015 | OrdinaryDividend |
| May 28, 2021 | $0.014 | OrdinaryDividend |
| Apr 30, 2021 | $0.013 | OrdinaryDividend |
| Mar 31, 2021 | $0.043 | OrdinaryDividend |
| Feb 26, 2021 | $0.035 | OrdinaryDividend |
| Jan 29, 2021 | $0.035 | OrdinaryDividend |
| Dec 30, 2020 | $0.046 | OrdinaryDividend |
| Dec 30, 2020 | $0.016 | CapitalGainShortTerm |
| Nov 30, 2020 | $0.036 | OrdinaryDividend |
| Oct 30, 2020 | $0.040 | OrdinaryDividend |
| Sep 30, 2020 | $0.043 | OrdinaryDividend |
| Aug 31, 2020 | $0.038 | OrdinaryDividend |
| Jul 31, 2020 | $0.014 | OrdinaryDividend |
FLUD - Fund Manager Analysis
Managers
Shawn Lyons
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
Shawn Lyons is the head of the Money Market group and portfolio manager of the taxable money funds. Mr. Lyons joined Franklin Templeton Investments in 1996. Mr. Lyons received a Bachelor of Arts degree in economics from the University of California at Berkeley. He is a Chartered Financial Analyst (CFA) and a member of the Security Analysts of San Francisco (SASF) and the Association for Investment Management and Research (AIMR).
Johnson Ng
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
Kent Burns
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
Kent Burns, CFA, is a senior vice president and portfolio manager for the Franklin Templeton Fixed Income Group. He specializes in U.S. multi-sector fixed income strategies and government-related bonds. Mr. Burns joined Franklin Templeton Investments in 1994. He holds a B.A. in quantitative economics and decision science from University of California at San Diego, and a master's degree in economic theory from University of California at Santa Barbara. He is a Chartered Financial Analyst (CFA) charterholder and teaches review programs for CFA candidates. He is a member of the CFA Institute and the CFA Society of San Francisco.
David Yuen
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
David Yuen joined Franklin Templeton Investments in 2000.He was appointed Chief Investment Officer of Global Long/Short Absolute Return Strategy in 2010. Previously, he was co-CIO of US Large Cap Value Equities and CIO of the Advanced Value Fund (since 2009), as well as director of research for US Large Cap Value (since early 2008). Yuen had been the director of research for Emerging Markets Value since August 2002. He joined Bernstein in 1998 as a research analyst, covering the global retailing industry, and became a senior research analyst in 1999, covering retail, textile & apparel, gaming & lodging, and consumer appliances. Prior to joining Bernstein, Yuen worked as a senior vice president of The Coleman Company from 1994 to 1998. From 1988 to 1994, he was a consultant, then partner, at WKI, a management-consulting firm specializing in emerging-market strategies. Prior to that, Yuen was a consultant with Bain & Company. He received a BS in operations research from Columbia University’s School of Engineering in 1986. Location: New York
Thomas Runkel
Start Date
Tenure
Tenure Rank
Jul 14, 2020
1.88
1.9%
Tom Runkel is a vice president and portfolio manager for Franklin Templeton Investments. Mr. Runkel focuses on relative value security selection and allocation among the credit sectors for the multi-sector fixed income portfolios. He also serves as the director of portfolio strategies and the lead portfolio manager for the SMA Taxable Fixed Income strategies and supervises the Franklin SMA Taxable Fixed Income Portfolio Management team. Mr. Runkel joined Franklin in 1983 and served as a senior portfolio manager for Franklin's taxable money fund and investment grade fixed income assets as well as a trader for taxable fixed income and equity securities. Mr. Runkel founded Runkel Funds, Inc. in 2002 and managed a large-cap value fund until late 2005 before returning to Franklin in 2006. Mr. Runkel has an M.B.A. from the University of Santa Clara and earned a B.S. in political science from the University of California, Davis. He is a Chartered Financial Analyst (CFA) charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.52 | 7.92 |
