Franklin Investment Grade Corporate ETF
$20.57−0.20 (−0.94%)
- Expense ratio
- 0.35%
- Fund size
- $559M
- 1Y return
- −0.5%
- Yield · Last 12 months
- 4.84%
- Holdings
- 227
- Volume · 30D
- 0.1M sh
- NAV per share
- $20.77
- 52W range
The ETF.net FLCO Grade
Score 55 of 100 sits in the B 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.DScore 34Category 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.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 43Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
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
- 227
- 14%
- IFT - MONEY MARKET PORT
Sectors
- Financials56.5%
- Health Care15.6%
- Energy7.5%
- Communication6.7%
- Industrials4.9%
- Technology4.6%
- Materials2.2%
- Cons. Staples2.0%
Geography
- United States85.57%
- United Kingdom2.93%
- Netherlands2.60%
- Japan1.88%
- Canada1.23%
- Ireland1.17%
- France0.98%
- Australia0.75%
- 2.90%
FLCO 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 | FLCO |
|---|---|
| Year to date | −1.1% |
| 1 month | −0.5% |
| 3 months | −1.6% |
| 1 year | −0.5% |
| 3 years | +5.0% |
| 5 years | −0.7% |
| 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 | FLCO |
|---|---|---|
| 2026 YTD | −1.1% | |
| 2025 | +7.5% | |
| 2024 | +1.9% | |
| 2023 | +8.0% | |
| 2022 | −16.1% | |
| 2021 | −2.1% | |
| 2020 | +10.0% |
FLCO in the news
ETF.net Research hasn’t filed on FLCO yet — coverage lands here as it’s written.
FLCO Dividends
- 4.84%
- $1.00
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.10 |
| Jul 1, 2026 | Jul 7, 2026 | $0.08 |
| Jun 1, 2026 | Jun 4, 2026 | $0.08 |
| May 1, 2026 | May 6, 2026 | $0.09 |
| Apr 1, 2026 | Apr 6, 2026 | $0.09 |
| Mar 2, 2026 | Mar 5, 2026 | $0.07 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 19, 2025 | Dec 24, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.10 |
| Oct 1, 2025 | Oct 6, 2025 | $0.08 |
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.
- 0.04
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.
- −22.5%
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
- The middle half of Investment Grade Corporate funds
- Median 0.30%
29 of the 49 Investment Grade Corporate funds charge less.