Franklin Ultra Short Bond ETF
$24.95−0.01 (−0.05%)
- Expense ratio
- 0.15%
- Fund size
- $594M
- 1Y return
- +3.4%
- Yield · Last 12 months
- 4.05%
- Volume · 30D
- 0.2M sh
- NAV per share
- $24.95
- 52W range
The ETF.net FLUD Grade
Score 70 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 68Category 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 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 47Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 74Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
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
- —
- 13%
- CASH
Sectors
- Financials79.3%
- Materials20.7%
Geography
- United States58.35%
- Canada8.44%
- United Kingdom7.08%
- France6.80%
- Japan5.00%
- Spain3.78%
- Australia2.97%
- Netherlands2.44%
- 5.15%
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.
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 | FLUD |
|---|---|
| Year to date | +2.5% |
| 1 month | +0.1% |
| 3 months | +0.8% |
| 1 year | +3.4% |
| 3 years | +5.1% |
| 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 | +2.5% | |
| 2025 | +5.3% | |
| 2024 | +5.5% | |
| 2023 | +5.9% | |
| 2022 | +0.2% | |
| 2021 | +0.1% | |
| 2020 | +0.8% |
FLUD in the news
ETF.net Research hasn’t filed on FLUD yet — coverage lands here as it’s written.
FLUD Dividends
- 4.05%
- $1.01
- $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 | $0.09 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.07 |
| May 1, 2026 | May 6, 2026 | $0.09 |
| Apr 1, 2026 | Apr 6, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.08 |
| Feb 2, 2026 | Feb 5, 2026 | $0.08 |
| Dec 19, 2025 | Dec 24, 2025 | $0.11 |
| Dec 1, 2025 | Dec 4, 2025 | $0.08 |
| Nov 3, 2025 | Nov 6, 2025 | $0.10 |
| Oct 1, 2025 | Oct 6, 2025 | $0.09 |
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.
- 1.16
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 77 Cash & Ultra-Short Income funds charge less.