Franklin U.S. Core Bond ETF
$20.61−0.17 (−0.79%)
- Expense ratio
- 0.15%
- Fund size
- $3.1B
- 1Y return
- −0.0%
- Yield · Last 12 months
- 4.42%
- Volume · 30D
- 0.5M sh
- NAV per share
- $20.79
- 52W range
The ETF.net FLCB Grade
Score 74 of 100 sits in the A 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.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 73Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 75Category rank
Our read on FLCB
AAn actively managed core bond fund that plays off the Bloomberg U.S. Aggregate instead of copying it, for 0.15%. Managers set the sector, credit and duration mix; income arrives monthly.
The actively managed ETF invests at least 80% of net assets in bonds of U.S. issuers, including government, corporate, mortgage-backed, and asset-backed debt. It is predominantly investment grade and generally manages sector, credit, and duration exposure with reference to the Bloomberg Barclays U.S. Aggregate Bond Index.
Why people hold it
- 0.15% for an active manager, against a 0.36% median across aggregate-bond ETFs. The judgment calls don't start in a fee hole.
- A real active mandate: at least 80% in U.S. bonds (government, corporate, mortgage- and asset-backed), predominantly investment grade, with the Agg as the reference point.
- Income dividends land monthly, with capital gains distributed at least annually.
- Running since 2019 and now a multi-billion-dollar fund, it stands as one of the stronger implementations in a very crowded core-bond field.
Worth knowing
- Index giants BND, SPAB and SCHZ charge 0.03%. Here you're paying for a manager's decisions, not an index license.
- Active by design, so sector, credit and duration positioning can pull results away from the Agg in either direction.
- A compact book of roughly 50 positions and moderate trading volume: individual calls carry weight, and limit orders are the sane habit.
FLCB Holdings
- Bonds
- —
- 23%
- US TREASURY N/B 4.25 8/29
Sectors
- Financials53.2%
- Health Care18.5%
- Communication8.2%
- Energy5.5%
- Utilities3.8%
- Cons. Staples3.5%
- Technology3.5%
- Materials2.8%
- Consumer Discr.1.1%
Geography
- United States93.90%
- Netherlands1.30%
- Ireland1.26%
- Canada0.81%
- United Kingdom0.63%
- France0.51%
- Japan0.33%
- Spain0.23%
- 1.02%
FLCB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FLCB$9,999
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 | FLCB |
|---|---|
| Year to date | −1.1% |
| 1 month | −0.8% |
| 3 months | −1.5% |
| 1 year | −0.0% |
| 3 years | +4.4% |
| 5 years | −0.6% |
| 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 | FLCB |
|---|---|---|
| 2026 YTD | −1.1% | |
| 2025 | +7.0% | |
| 2024 | +1.6% | |
| 2023 | +5.7% | |
| 2022 | −13.5% | |
| 2021 | −1.7% | |
| 2020 | +7.7% |
FLCB in the news
FLCB Dividends
- 4.42%
- $0.92
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.07 |
| Aug 3, 2026 | Aug 6, 2026 | $0.08 |
| Jul 1, 2026 | Jul 7, 2026 | $0.08 |
| Jun 1, 2026 | Jun 4, 2026 | $0.07 |
| May 1, 2026 | May 6, 2026 | $0.09 |
| Apr 1, 2026 | Apr 6, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.07 |
| Feb 2, 2026 | Feb 5, 2026 | $0.08 |
| Dec 19, 2025 | Dec 24, 2025 | $0.08 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
FLCB Risk
- 5.6%
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.
- −0.07
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.
- −18.2%
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.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLCB Cost
0.15%
FLCB0.15%
- The middle half of US Aggregate Bond funds
- Median 0.34%
24 of the 112 US Aggregate Bond funds charge less.