Franklin High Yield Corporate ETF
$23.70−0.17 (−0.73%)
- Expense ratio
- 0.40%
- Fund size
- $1.3B
- 1Y return
- +3.7%
- Yield · Last 12 months
- 6.56%
- Holdings
- 291
- Volume · 30D
- 0.2M sh
- NAV per share
- $23.88
- 52W range
The ETF.net FLHY Grade
Score 72 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.BScore 58Category 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.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 60Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on FLHY
AFranklin's high yield ETF is income-first by charter: the prospectus puts current income at the top and capital appreciation a distant second. About 300 corporate bonds, monthly payouts, category-median cost.
The Fund seeks high current income and, secondarily, capital appreciation when consistent with its primary income goal.
Why people hold it
- The mandate is blunt. High current income comes first; capital appreciation only when it fits the income goal. Cash goes out monthly.
- It stays in its lane: a corporate high yield book that matches the mandate it advertises, with no drift into off-label credit.
- Top-quartile standing in a field of more than 90 high yield ETFs, and Franklin has run it since 2018. Assets sit in the billion-plus range.
Worth knowing
- The 0.40% fee is the category median, but the cheap index trackers in this cohort charge a fraction: SCYB 0.03%, SPHY 0.05%, USHY 0.08%.
- Junk bonds by design. Below-investment-grade credit moves with corporate stress, so it behaves more like a risk asset than like Treasuries.
- About 300 bonds is a compact book for credit, so a single issuer's trouble carries more weight. Trading volume is moderate, not mega-fund heavy.
FLHY Holdings
- Bonds
- 291
- 11%
- IFT - MONEY MARKET PORT
Sectors
- Health Care100.0%
Geography
- United States80.39%
- France3.35%
- Canada3.05%
- United Kingdom2.25%
- Italy1.62%
- Luxembourg1.52%
- Australia1.45%
- Netherlands0.98%
- 5.38%
FLHY 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 | FLHY |
|---|---|
| Year to date | +2.0% |
| 1 month | −0.8% |
| 3 months | −0.0% |
| 1 year | +3.7% |
| 3 years | +8.8% |
| 5 years | +4.3% |
| 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 | FLHY |
|---|---|---|
| 2026 YTD | +2.0% | |
| 2025 | +9.3% | |
| 2024 | +8.7% | |
| 2023 | +13.4% | |
| 2022 | −10.5% | |
| 2021 | +4.0% | |
| 2020 | +7.8% |
FLHY in the news
ETF.net Research hasn’t filed on FLHY yet — coverage lands here as it’s written.
FLHY Dividends
- 6.56%
- $1.57
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.12 |
| Aug 3, 2026 | Aug 6, 2026 | $0.14 |
| Jul 1, 2026 | Jul 7, 2026 | $0.13 |
| Jun 1, 2026 | Jun 4, 2026 | $0.13 |
| May 1, 2026 | May 6, 2026 | $0.13 |
| Apr 1, 2026 | Apr 6, 2026 | $0.14 |
| Mar 2, 2026 | Mar 5, 2026 | $0.11 |
| Feb 2, 2026 | Feb 5, 2026 | $0.13 |
| Dec 19, 2025 | Dec 24, 2025 | $0.15 |
| Dec 1, 2025 | Dec 4, 2025 | $0.12 |
| Nov 3, 2025 | Nov 6, 2025 | $0.14 |
| Oct 1, 2025 | Oct 6, 2025 | $0.13 |
FLHY Risk
- 4.3%
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.
- 0.94
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.
- −15.2%
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.
- 0.61
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLHY Cost
- The middle half of US High Yield funds
- Median 0.43%
35 of the 84 US High Yield funds charge less.