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Launched

Franklin BSP CLO ETF

YCLONYSE ArcaC

$25.18+0.02 (+0.06%) past 5 days

As of Oct 12, 2026, 9:46 AM

C46/ 100

Rank 19 of 34 in Collateralized Loan Obligations (CLO)

C46/100Rank 19 of 34inCollateralized Loan Obligations (CLO)
5D price: up, 5 points from 25.16 to 25.18. Range 25.16 to 25.18. Use the arrow keys to read each point.25.1625.1625.1725.18
Market opens at 9:30 AM ET.
Expense ratio
0.35%
Fund size
$50M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
45
Avg volume · 30D
0M sh
NAV per share
$25.17
52W range
low $25.07high $25.26
Launched

The ETF.net YCLO Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
19 of 34
Six-pillar profile for YCLO. Scores out of 100: Cost 41, Risk 81, Mission not scored, Tradability 27, Holdings 44, Durability 47. Strongest: Risk (81). Weakest: Tradability (27). Based on 5 of 6 pillars.

Score 46 of 100 falls in the C 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.
    C41 out of 100
    Rank 20 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A81 out of 100
    Rank 1 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 30 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 25 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 23 of 34

Our read on YCLO

ETF.net Research

CMost CLO ETFs park in AAA. YCLO roams the whole investment-grade CLO stack, US and European deals alike, run by Franklin's Benefit Street Partners credit desk with capital preservation as the stated first job.

Stated mandate

The Fund seeks capital preservation and current income.

Why people hold it

  1. 01Active mandate across investment-grade CLO tranches in both US and European deals, hunting relative value instead of sitting only at the top of the stack.businesswire.comfranklintempleton.com
  2. 02Stated job is capital preservation and current income, and CLO tranches pay floating-rate coupons, so the income stream resets with short-term rates.businesswire.com
  3. 03The desk is not new to this: BSP is Franklin's alternative credit arm and its structured credit platform dates to 2009.businesswire.com

Worth knowing

  1. 01Costs 0.35% a year, above the CLO ETF median and above the big AAA-only names like JAAA, CLOA and PAAA. That is the price of the wider mandate.
  2. 02Reaching below AAA adds credit and downgrade risk; ratings on CLO tranches can be cut, and pricing can gap in stressed markets.businesswire.com
  3. 03Launched in 2026, thinly traded, and a concentrated book of a few dozen tranches, so wider spreads come with the territory. Income arrives quarterly.

YCLO Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
45
Top-10 weight
46%
Largest holding
Pipk 2019-3A Arr 10/348.0%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Pipk 2019-3A Arr 10/347.96%4,000,000$4M1
002—Hlsy 2021-5A A1A 1/354.97%2,500,000$3M1
003—Cavu 2021-2A Cr 10/344.97%2,500,000$3M1
004—Pstet 2026-2X C 04/364.26%1,915,000$2M1
005—Windr 2023-1A A1R 7/383.99%2,000,000$2M1
006—Vibr 2019-11A A2R2 4/393.98%2,000,000$2M1
007—Tpgclo 2025-2A A1 1/393.98%2,000,000$2M1
008—Spclo 2025-15A A 1/393.98%2,000,000$2M1
009—Dclo 2025-9A A 4/383.97%2,000,000$2M1
010—Sixst 2023-22A Ar 4/383.97%2,000,000$2M1
011—Mdpk 2025-71A A1 4/383.97%2,000,000$2M1
012—Pstet 2026-2X B 04/363.47%1,560,000$2M1
013—Ficlo 2023-1X B1R 2/383.35%1,500,000$2M1
014—Aque 2019-4X Brr 4/383.34%1,500,000$2M1
015—Ares 2023-ALF4A Cr 10/382.82%1,421,000$1M1

Showing 1–15 of 45 holdings

YCLO Performance

Launched Jun 2, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
YCLO$10,116
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. YCLO $10,116. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for YCLO. Periods over one year show the average yearly return.
PeriodYCLO
Year to dateFund launched this year—
1 month+0.4%
3 months+1.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for YCLO
YearReturn barYCLO
2026 YTD+2.0%

History from Jun 4, 2026

YCLO in the news

Filtered to YCLO · Collateralized Loan Obligations (CLO)

YCLO Dividends

Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jul 1, 2026 $0.08; Aug 3, 2026 $0.09; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.10
Sep 1, 2026Sep 4, 2026$0.11
Aug 3, 2026Aug 6, 2026$0.09
Jul 1, 2026Jul 7, 2026$0.08

YCLO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
−0.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

YCLO Cost

Expense ratio0.35%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

19 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

YCLO costs $35.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

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