Franklin U.S. Core Bond ETF
$20.46+0.04 (+0.20%)
- 0.15%
- $3.1B
- −2.0%
- 4.55%
- 0.5M sh
- $20.42
- low $20.25high $21.96
The ETF.net FLCB Grade
A
Score 75 out of 100
- 17 of 117
Score 75 of 100 falls in the A 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.A76 out of 100Rank 27 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 16 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 65 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 27 of 117
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
- 671
- 25%
- Fncl 5 11/26
Sectors
- Financials53.2%
- Health Care18.4%
- Communication7.9%
- Energy5.5%
- Utilities3.6%
- Materials3.5%
- Consumer Staples3.4%
- Technology3.4%
- Consumer Discretionary1.1%
Geography
- United States93.93%
- Netherlands1.33%
- Ireland1.27%
- Canada0.81%
- United Kingdom0.63%
- France0.52%
- Japan0.28%
- Spain0.22%
- 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.
Not enough history yet.
FLCB$9,797
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 | FLCB |
|---|---|
| Year to date | −2.4% |
| 1 month | −1.2% |
| 3 months | −2.6% |
| 1 year | −2.0% |
| 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 | −2.4% | |
| 2025 | +7.0% | |
| 2024 | +1.6% | |
| 2023 | +5.7% | |
| 2022 | −13.5% | |
| 2021 | −1.7% | |
| 2020 | +7.7% |
FLCB in the news
Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Head-to-Head
iShares Core U.S. Aggregate Bond ETF and Vanguard Total Bond Market ETF have returned almost the same
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
FLCB Dividends
- 4.55%
- $0.93
- $0.08 per share
- Monthly
Distribution history
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.
- −0.06
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.
- −17.9%
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 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- AAVIGAvantis Core Fixed Income ETFExpense ratio 0.15%1 year return −2.1%
- ABNDPVanguard Core-Plus Bond Index ETFExpense ratio 0.05%1 year return —
- ASCCRSchwab Core Bond ETFExpense ratio 0.16%1 year return −1.9%
- ATAGGT. Rowe Price QM U.S. Bond ETFExpense ratio 0.08%1 year return −1.7%
- ADFCFDimensional - Core Fixed Income ETFExpense ratio 0.18%1 year return −1.9%