Franklin Ultra Short Bond ETF
$24.93+0.01 (+0.02%)
- 0.15%
- $629M
- +3.5%
- 4.05%
- 0.2M sh
- $24.91
- low $24.46high $26.71
The ETF.net FLUD Grade
A
Score 71 out of 100
- 22 of 78
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.B68 out of 100Rank 21 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 37 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 47 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 7 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 25 of 78
Our read on FLUD
AAn actively run parking spot for cash. Franklin's ultra-short bond fund works the front end of the curve for income while emphasizing lower volatility, pays out monthly, and charges less than the typical fund in its cash-alternative group.
The fund seeks income and capital appreciation while emphasizing lower volatility.
Why people hold it
- 0.15% a year, under the going rate for cash-alternative ETFs. When returns are measured in basis points, the fee is the one input you actually control.
- Actively managed, not index-bound. The manager picks across short-maturity bonds seeking income and capital appreciation while emphasizing lower volatility.
- Distributions land monthly, which matches how a cash sleeve tends to get used.
- Running since 2020 and one of the stronger implementations in its cash-alternative peer group, a rare combination with a below-median fee.
Worth knowing
- This is a bond fund, not a money market fund. The share price floats, so stress in short-dated credit shows up in NAV rather than being smoothed away.
- Cheaper doors exist in the same aisle: ICSH charges less for ultra-short duration exposure. The fee edge here is over the median, not the whole field.
- Moderately traded rather than a volume heavyweight, so spreads can run wider than at the category's largest names.
FLUD Holdings
- Bonds
- 485
- 8%
- Net Current Assets
Sectors
- Financials61.0%
- Health Care9.5%
- Industrials7.0%
- Materials5.9%
- Communication5.6%
- Consumer Staples4.7%
- Consumer Discretionary3.6%
- Energy0.9%
- Utilities0.9%
- Real Estate0.8%
- Technology0.2%
Geography
- United States59.11%
- Canada8.37%
- United Kingdom7.15%
- France6.61%
- Japan4.72%
- Spain3.56%
- Australia2.80%
- Netherlands2.51%
- 5.17%
Developed 100% · Emerging 0%
FLUD 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.
FLUD$10,345
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 | FLUD |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.8% |
| 1 year | +3.5% |
| 3 years | +5.0% |
| 5 years | +3.8% |
| 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 | FLUD |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +5.3% | |
| 2024 | +5.5% | |
| 2023 | +5.9% | |
| 2022 | +0.2% | |
| 2021 | +0.1% | |
| 2020 | +0.8% |
FLUD in the news
FLUD Dividends
- 4.05%
- $1.01
- $0.09 per share
- Monthly
Distribution history
FLUD Risk
- 0.5%
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.
- 1.08
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.
- −1.6%
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.
- 0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLUD Cost
0.15%
FLUD0.15%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ASBILSimplify Government Money Market ETFExpense ratio 0.15%1 year return +3.7%
- ATBILF/m US Treasury 3 Month Bill FundExpense ratio 0.15%1 year return +3.7%
- ASPTUState Street SPDR Portfolio Ultra Short T-Bill ETFExpense ratio 0.05%1 year return +3.7%
- BTBUXT. Rowe Price Ultra Short-Term Bond ETFExpense ratio 0.17%1 year return +4.0%
- BSCUSSchwab Ultra-Short Income ETFExpense ratio 0.14%1 year return +3.4%