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YCLO

GradeCNew York Stock Exchange Arca

Franklin BSP CLO ETF

Specialty Bonds · Franklin Templeton · Inception 2026-06-02

$25.20−0.01 (−0.06%)

As of Sep 23, 2026, 11:35 AM EDT

History starts Jun 4, 2026.History starts Jun 4, 2026.History starts Jun 4, 2026.
Intraday session: down, 8 prints from 25.21 to 25.20. Range 25.20 to 25.21. Use the arrow keys to read each point.$25.20$25.21$25.2110 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$50M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
35
Volume · 30D
0M sh
NAV per share
$25.20
52W range
low $25.07high $25.26

The ETF.net YCLO Grade

C

44/ 100

Rank 22 of 34 in Collateralized Loan Obligations (CLO)⁠

Confidence Medium

Six-pillar profile for YCLO. Scores out of 100: Cost 41, Risk 78, Mission not scored, Tradability 13, Holdings 50, Durability 48. Strongest: Risk (78). Weakest: Tradability (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C 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.
    CScore 41
    Category rank21/34 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 78
    Category rank3/33 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 13
    Category rank31/34 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank22/34 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank22/34 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 22, 2026, 9:36 PM
Asset class
Bonds
Holdings
35
Top-10 weight
46%
Largest holding
PIPK 2019-3A ARR 10/347.9%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PIPK 2019-3A ARR 10/347.95%4,000,000$4M1
002—HLSY 2021-5A A1A 1/354.97%2,500,000$3M1
003—CAVU 2021-2A CR 10/344.96%2,500,000$3M1
004—WINDR 2023-1A A1R 7/383.98%2,000,000$2M1
005—TPGCLO 2025-2A A1 1/393.98%2,000,000$2M1
006—VIBR 2019-11A A2R2 4/393.98%2,000,000$2M1
007—SPCLO 2025-15A A 1/393.97%2,000,000$2M1
008—SIXST 2023-22A AR 4/383.97%2,000,000$2M1
009—DCLO 2025-9A A 4/383.97%2,000,000$2M1
010—MDPK 2025-71A A1 4/383.96%2,000,000$2M1
011—FICLO 2023-1X B1R 2/383.42%1,500,000$2M1
012—AQUE 2019-4X BRR 4/383.42%1,500,000$2M1
013—ARES 2023-ALF4A CR 10/382.83%1,421,000$1M1
014—VIBR 2019-11A A1RR 4/392.78%1,400,000$1M1
015—AQUE 2020-5A CRR 7/392.29%1,000,000$1M1

Showing 1–15 of 42 holdings

YCLO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

YCLO$10,148
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. YCLO $10,148. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

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+1.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+1.8%

History from Jun 4, 2026

YCLO in the news

ETF.net Research hasn’t filed on YCLO yet — coverage lands here as it’s written.

YCLO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.11 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. 3 payments in 2026 YTD. Jul 1, 2026 $0.08; Aug 3, 2026 $0.09; Sep 1, 2026 $0.11. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.
0.00
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.