Franklin Senior Loan ETF
$22.99−0.06 (−0.24%)
- Expense ratio
- 0.45%
- Fund size
- $873M
- 1Y return
- +3.0%
- Yield · Last 12 months
- 7.46%
- Holdings
- 266
- Volume · 30D
- 0.2M sh
- NAV per share
- $23.08
- 52W range
The ETF.net FLBL Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 36Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on FLBL
CBank loans are a pricey corner of credit, where most ETFs charge north of 0.70%. Franklin's runs at 0.45% and commits at least 80% of net assets to senior loans, the floating-rate tier of corporate debt.
The fund’s mandate is to invest at least 80% of net assets in senior loans.
Why people hold it
- At 0.45%, it undercuts the bank-loan ETF median of 0.72% and the other main names in the group, including SRLN, LONZ and PFRL.
- The mandate is explicit: at least 80% of net assets in senior loans. A 1940 Act fund, trading since 2018.
- Credit exposure is spread across roughly 300 loans, and distributions arrive monthly rather than quarterly.
- Lands in the upper half of a small bank-loan ETF field, with the fee doing a lot of that work.
Worth knowing
- Senior loans are corporate credit from leveraged borrowers. That risk is the whole trade, and prices can move sharply when default worries spread.
- Actively managed, so there is no published index to measure the manager's loan picks against.
- Volume is moderate rather than heavy, so execution quality matters more here than in the busiest bond ETFs.
FLBL Holdings
- Bonds
- 266
- 20%
- IFT - MONEY MARKET PORT
Sectors
- Financials63.9%
- Health Care18.7%
- Consumer Discr.13.2%
- Technology3.2%
- Industrials1.1%
FLBL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLBL |
|---|---|
| Year to date | +3.2% |
| 1 month | +0.3% |
| 3 months | +2.4% |
| 1 year | +3.0% |
| 3 years | +6.2% |
| 5 years | +5.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLBL |
|---|---|---|
| 2026 YTD | +3.2% | |
| 2025 | +3.6% | |
| 2024 | +8.3% | |
| 2023 | +14.8% | |
| 2022 | −2.7% | |
| 2021 | +4.4% | |
| 2020 | +2.1% |
FLBL in the news
ETF.net Research hasn’t filed on FLBL yet — coverage lands here as it’s written.
FLBL Dividends
- 7.46%
- $1.72
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.13 |
| Aug 3, 2026 | Aug 6, 2026 | $0.14 |
| Jul 1, 2026 | Jul 7, 2026 | $0.13 |
| Jun 1, 2026 | Jun 4, 2026 | $0.16 |
| May 1, 2026 | May 6, 2026 | $0.15 |
| Apr 1, 2026 | Apr 6, 2026 | $0.15 |
| Mar 2, 2026 | Mar 5, 2026 | $0.13 |
| Feb 2, 2026 | Feb 5, 2026 | $0.11 |
| Dec 19, 2025 | Dec 24, 2025 | $0.19 |
| Dec 1, 2025 | Dec 4, 2025 | $0.14 |
| Nov 3, 2025 | Nov 6, 2025 | $0.17 |
| Oct 1, 2025 | Oct 6, 2025 | $0.13 |
FLBL Risk
- 2.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLBL Cost
- The middle half of Bank Loan funds
- Median 0.62%
2 of the 11 Bank Loan funds charge less.