Franklin Senior Loan ETF
$22.70−0.03 (−0.11%)
- 0.45%
- $802M
- +3.3%
- 7.61%
- 0.3M sh
- $22.80
- low $22.57high $23.89
The ETF.net FLBL Grade
C
Score 53 out of 100
- 5 of 11
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 3 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.D38 out of 100Rank 5 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 11 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 8 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 5 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 3 of 11
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
- 263
- 15%
- Ift - Money Market Port
Sectors
- Financials61.4%
- Health Care17.8%
- Consumer Discretionary12.7%
- Industrials5.0%
- Technology3.2%
FLBL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FLBL$10,327
Returns run to the Oct 12, 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 | +2.4% |
| 1 month | −0.4% |
| 3 months | +1.2% |
| 1 year | +3.3% |
| 3 years | +6.1% |
| 5 years | +5.3% |
| 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 | +2.4% | |
| 2025 | +3.6% | |
| 2024 | +8.3% | |
| 2023 | +14.8% | |
| 2022 | −2.7% | |
| 2021 | +4.4% | |
| 2020 | +2.1% |
FLBL in the news
FLBL Dividends
- 7.61%
- $1.73
- $0.14 per share
- Monthly
Distribution history
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.
- 0.60
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
0.45%
FLBL0.45%
- The middle half of Bank Loan funds
- Median 0.62%
2 of the 11 Bank Loan funds charge less.
Other funds in Bank Loan
- BSEIXVirtus Seix Senior Loan ETFExpense ratio 0.57%1 year return +5.9%
- BFTSLFirst Trust Senior Loan FundExpense ratio 0.70%1 year return +3.9%
- CSRLNState Street Blackstone Senior Loan ETFExpense ratio 0.70%1 year return +5.3%
- CFLRTPacer Aristotle Pacific Floating Rate High Income ETFExpense ratio 0.60%1 year return +5.0%
- DLONZPIMCO Senior Loan Active Exchange-Traded FundExpense ratio 0.73%1 year return +5.2%