Franklin Investment Grade Corporate ETF
$20.36+0.01 (+0.02%)
- 0.35%
- $531M
- −2.2%
- 5.00%
- 0.1M sh
- $20.35
- low $20.13high $22.10
The ETF.net FLCO Grade
B
Score 58 out of 100
- 22 of 49
Score 58 of 100 falls in the B 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.D33 out of 100Rank 31 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 27 of 49Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 16 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 35 of 49Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 14 of 49
Our read on FLCO
BMost investment-grade corporate ETFs hand you the index and get out of the way. FLCO is the active take: Franklin's bond team picks roughly 220 corporates against the Bloomberg investment-grade benchmark, and pays income monthly.
The Fund seeks a high level of current income consistent with prudent investing while also seeking preservation of capital.
Why people hold it
- Active, not an index clone: the managers choose sectors, issuers and maturities, with the Bloomberg U.S. Corporate Investment Grade Index as the yardstick.
- Built around cash flow: the stated objective is a high level of current income with preservation of capital, and distributions land monthly.
- About 220 bonds, against the thousands inside broad index trackers. A curated slice of the corporate market rather than the whole haystack.
- Trading since 2016, and what it actually holds lines up closely with the investment-grade corporate mandate in its filings.
Worth knowing
- At 0.35% a year it sits above the typical fee in the investment-grade corporate group, where index heavyweights like VCIT and USIG charge a small fraction of that.
- Mid-sized and moderately traded, so spreads can be wider than at the category's largest, most active tickers.
- Active means results hinge on the team's credit and duration calls, not just the benchmark. Investment-grade corporates still carry interest rate and credit risk.
FLCO Holdings
- Bonds
- 235
- 13%
- Ift - Money Market Port
Sectors
- Financials57.2%
- Health Care15.2%
- Communication8.1%
- Energy7.5%
- Industrials4.2%
- Technology3.1%
- Materials2.7%
- Consumer Staples2.0%
Geography
- United States86.26%
- United Kingdom3.02%
- Netherlands2.16%
- Japan1.93%
- Canada1.28%
- Ireland1.21%
- Australia0.77%
- Switzerland0.71%
- 2.68%
FLCO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FLCO$9,778
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 | FLCO |
|---|---|
| Year to date | −2.6% |
| 1 month | −0.9% |
| 3 months | −2.6% |
| 1 year | −2.2% |
| 3 years | +5.2% |
| 5 years | −0.6% |
| 10 years | +1.8% |
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 | FLCO |
|---|---|---|
| 2026 YTD | −2.6% | |
| 2025 | +7.5% | |
| 2024 | +1.9% | |
| 2023 | +8.0% | |
| 2022 | −16.1% | |
| 2021 | −2.1% | |
| 2020 | +10.0% |
FLCO in the news
Filings Digest
VanEck cuts its CLO ETF fee from 0.36% to 0.29%
FLCO Dividends
- 5.00%
- $1.02
- $0.09 per share
- Monthly
Distribution history
FLCO Risk
- 6.3%
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.
- 0.05
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.
- −22.1%
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.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLCO Cost
0.35%
FLCO0.35%
- The middle half of Investment Grade Corporate funds
- Median 0.29%
30 of the 49 Investment Grade Corporate funds charge less.
Other funds in Investment Grade Corporate
- BINVGGMO Systematic Investment Grade Credit ETFExpense ratio 0.25%1 year return −1.7%
- BCORPPIMCO Investment Grade Corporate Bond Index Exchange-Traded FundExpense ratio 0.41%1 year return −2.0%
- BJHCBJohn Hancock Corporate Bond ETFExpense ratio 0.29%1 year return −2.6%
- BGXIGGlobal X - Investment Grade Corporate Bond ETFExpense ratio 0.15%1 year return −2.7%
- BFCORFidelity Corporate Bond ETFExpense ratio 0.36%1 year return −2.7%