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ETFs

Franklin Senior Loan ETF

FLBL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 30 2018
Expense Ratio
0.45%
Type
Global Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$2,699,660
AUM
$237,160,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Cash Equivalents
8.23%
n/a
VERSCEND HOLDING CORP
1.54%
n/a
GREENEDEN US HOLDINGS II LLC
1.49%
n/a
NAVICURE INC
1.34%
n/a
PERATON CORP
1.23%
n/a
CHARTER NEX US INC
1.19%
n/a
DCERT BUYER INC
1.12%
n/a
AMENTUM GOVT SERVICES HLDGS
1.09%
n/a
GAINWELL ACQUISITION CORP.
1.07%
n/a
ATHENAHEALTH INC
1.03%
Invest with FLBL

What is FLBL?

The Fund invests predominantly in income-producing senior floating interest rate corporate loans made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically adjusted to a generally recognized base interest rate such as the London Interbank Offered Rate (LIBOR) or the Prime Rate. The Fund s senior loans typically hold the most senior position in the capitalization structure of a company and are generally secured by specific collateral. Such senior position means that, in case the company becomes insolvent, the lenders or security holders in a senior position like the Fund s position will typically be paid before other unsecured or subordinated creditors of the company from the assets of the company. The Fund currently limits its investments in debt obligations of non-U.S. entities to no more than 25% of its total assets. The Fund currently invests predominantly in debt obligations that are U.S. dollar-denominated or otherwise provide for payment in U.S. dollars.

ETFs related toFLBL

ETFs correlated to FLBL include CVRD, SRLN, BKLN

FLBL
Franklin Templeton ETF Trust - Franklin Senior Loan ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLBL

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLBL using Composer

FAQ

FLBL is a Global Bonds ETF. The Fund invests predominantly in income-producing senior floating interest rate corporate loans made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically adjusted to a generally recognized base interest rate such as the London Interbank Offered Rate (LIBOR) or the Prime Rate. The Fund s senior loans typically hold the most senior position in the capitalization structure of a company and are generally secured by specific collateral. Such senior position means that, in case the company becomes insolvent, the lenders or security holders in a senior position like the Fund s position will typically be paid before other unsecured or subordinated creditors of the company from the assets of the company. The Fund currently limits its investments in debt obligations of non-U.S. entities to no more than 25% of its total assets. The Fund currently invests predominantly in debt obligations that are U.S. dollar-denominated or otherwise provide for payment in U.S. dollars.

Yes, FLBL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLBL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLBL is 0.0089%. This is the percent change in the value of FLBL over the most recent 1-month period. The 3-month return on FLBL is 0.0334%. This is the percent change in the value of FLBL over the most recent 3-month period.

The standard deviation of FLBL for the past year is 0.0572%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLBL include IGSB, VCIT, and LQD.

ETFs correlated to FLBL include CVRD, SRLN, and BKLN.

ETFs that are inversely correlated to FLBL include HIBS, TWM, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.