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Launched · SEC filings

Franklin ClearBridge Enhanced Income ETF

YLDENasdaqFranklin TempletonA

$56.73−1.47 (−2.53%)

At close: Nov 5, 2026, 4:00 PM ET

A80/ 100

Rank 2 of 51 in Active Option Income

A80/100Rank 2 of 51inActive Option Income
Intraday session: down, 79 prints from 58.20 to 56.73. Range 56.63 to 58.32. Use the arrow keys to read each point.57.0057.2557.5057.7558.0010 AM12 PM2 PM4 PM
Expense ratio
0.48%
Fund size
$189M
1Y total return
+15.5%
Yield · Last 12 months
7.36%
Holdings
50
Avg volume · 30D
13.3K sh
52W range
low $51.86high $58.77
Launched
Filings
SEC EDGAR

The ETF.net YLDE Grade

Based on 5 of 6 pillars

A

Score 80 out of 100

Category
Active Option Income⁠
Rank
2 of 51
Six-pillar profile for YLDE. Scores out of 100: Cost 86, Risk 68, Mission not scored, Tradability 78, Holdings 80, Durability 90. Strongest: Durability (90). Weakest: Risk (68). Based on 5 of 6 pillars.

Score 80 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.
    A86 out of 100
    Rank 8 of 51

  • 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.
    B68 out of 100
    Rank 11 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 6 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 7 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A90 out of 100
    Rank 4 of 51

Our read on YLDE

ETF.net Research

In short

AA 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

  • The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
  • 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
  • Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
  • Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

  • The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
  • Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
  • A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

YLDE Performance

Launched May 22, 2017

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.
YLDE$11,547
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. YLDE $11,547. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 YLDE. Periods over one year show the average yearly return.
PeriodYLDE
Year to date+11.2%
1 month+4.0%
3 months+0.6%
1 year+15.5%
3 yearsper year+16.3%
5 yearsper year+9.7%
10 yearsFund is under 10 years oldper yearNo data

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 YLDE
YearReturn barYLDE
2026 YTD+11.2%
2025+13.1%
2024+16.5%
2023+15.7%
2022−8.6%
2021+22.1%
2020+10.3%

YLDE in the news

YLDE 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 Nov 5, 2026.
7.36%Last 12 months
Payout per share
$4.17Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 29 payments from 2023 to 2026 YTD. Mar 28, 2023 $0.16; Jun 27, 2023 $0.22; Sep 26, 2023 $0.20; Dec 26, 2023 $0.15; Mar 25, 2024 $0.17; Jun 25, 2024 $0.20; Sep 25, 2024 $0.20; Dec 26, 2024 $0.29; Mar 3, 2025 $0.08; Apr 1, 2025 $0.08; May 1, 2025 $0.28; Jun 2, 2025 $0.26; Jul 1, 2025 $0.52; Aug 1, 2025 $0.26; Sep 2, 2025 $0.25; Oct 1, 2025 $0.27; Nov 3, 2025 $0.28; Dec 1, 2025 $0.27; Dec 26, 2025 $0.53; Feb 2, 2026 $0.27; Mar 2, 2026 $0.28; Apr 1, 2026 $0.30; May 1, 2026 $0.31; Jun 1, 2026 $0.31; Jul 1, 2026 $0.32; Aug 3, 2026 $0.64; Sep 1, 2026 $0.32; Oct 1, 2026 $0.31; Nov 2, 2026 $0.30. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.30
Oct 1, 2026Oct 6, 2026$0.31
Sep 1, 2026Sep 4, 2026$0.32
Aug 3, 2026Aug 6, 2026$0.64
Jul 1, 2026Jul 7, 2026$0.32
Jun 1, 2026Jun 4, 2026$0.31
May 1, 2026May 6, 2026$0.31
Apr 1, 2026Apr 6, 2026$0.30
Mar 2, 2026Mar 5, 2026$0.28
Feb 2, 2026Feb 5, 2026$0.27
Dec 26, 2025Dec 31, 2025$0.53
Dec 1, 2025Dec 4, 2025$0.27

See all 52 payments⁠

$10,000 in YLDE 5 years ago paid $2,086 in dividends.⁠

YLDE Risk

Risk pillarB68 out of 100Rank 11 of 48 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
10.3%
Annualised · 36 months to Oct 2026
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.
1.24
vs 3-month T-bills · to Oct 2026
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.
−20.2%
Trough Oct 2022
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.
0.60
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.

FMP measures it over up to five years of monthly returns.

YLDE Cost

Compare YLDE and RECI

Overpaying vs RECI, cheapest in Active Option Income

$3,456

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • YLDE 0.48%

    $9,605

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • YLDE 0.48%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530YLDE $9,605RECI $6,149

Year by year

YearYLDERECIOverpaying
10$865$545$320
20$3,328$2,113$1,215
30$9,605$6,149$3,456

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