Franklin High Yield Corporate ETF
$23.37−0.06 (−0.26%)
- 0.40%
- $1.2B
- +3.6%
- 6.75%
- 0.2M sh
- $23.41
- low $23.14high $24.63
The ETF.net FLHY Grade
A
Score 71 out of 100
- 18 of 85
Score 71 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.B58 out of 100Rank 31 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 48 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 11 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 34 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 22 of 85
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
- 292
- 10%
- Net Current Assets
Sectors
- Energy24.0%
- Technology14.7%
- Consumer Staples10.9%
- Materials9.4%
- Health Care9.0%
- Industrials8.0%
- Utilities6.6%
- Communication5.9%
- Consumer Discretionary5.2%
- Financials5.1%
- Real Estate1.1%
Geography
- United States80.45%
- France3.27%
- Canada3.10%
- United Kingdom2.26%
- Italy1.64%
- Luxembourg1.54%
- Australia1.45%
- Denmark0.98%
- 5.31%
FLHY 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.
FLHY$10,361
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 | FLHY |
|---|---|
| Year to date | +0.7% |
| 1 month | −1.2% |
| 3 months | −1.5% |
| 1 year | +3.6% |
| 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 | +0.7% | |
| 2025 | +9.3% | |
| 2024 | +8.7% | |
| 2023 | +13.4% | |
| 2022 | −10.5% | |
| 2021 | +4.0% | |
| 2020 | +7.8% |
FLHY in the news
FLHY Dividends
- 6.75%
- $1.58
- $0.14 per share
- Monthly
Distribution history
FLHY Risk
- 4.6%
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.
- 0.76
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
0.40%
FLHY0.40%
- The middle half of US High Yield funds
- Median 0.43%
36 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- AHYDWXtrackers Low Beta High Yield Bond ETFExpense ratio 0.20%1 year return +3.3%
- AANGLVanEck Fallen Angel High Yield Bond ETFExpense ratio 0.25%1 year return +1.2%
- AVCHYVanguard Malvern Funds - Vanguard U.S. High-Yield Corporate Bond Index ETFExpense ratio 0.05%1 year return —
- AFALNiShares Fallen Angels USD Bond ETFExpense ratio 0.25%1 year return +1.3%
- AHYXFiShares ESG Advanced High Yield Corporate Bond ETFExpense ratio 0.35%1 year return +2.1%