FRANKLIN US CORE BOND ETF
$21.03-0.14% today
212252-WK
Seeks to maximize total return opportunities in U.S. core fixed income.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned -2.7% so far this year. At 0.15% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$2Bassets under management
0.15%expense ratio · $15 per $10,000 a year
—net flow, trailing month
401Kavg daily volume, 30 days
53holdings · US-domiciled
2023listed October 22, 2023 · beta 0.10
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | -0.2% |
| 1 month | -0.2% |
| 3 months | -1.2% |
| 6 months | -3.7% |
| YTD | -2.7% |
| 1 year | -2.3% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
4%realized volatility, 30 days (annualized)
4%realized volatility, 1 year
-4.3%deepest fall from a peak, 1 year
-4.2%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
The case against FLCB
Due diligence cuts both ways. These funds sit on the same shelf and beat FLCB on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -12bp on fee · 8× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -11bp on fee · 19× the assets · +$26M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -10bp on fee · 64× the assets · +$547M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -11bp on fee · 12× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -11bp on fee · 9× the assets · +$312M in over the month | Head-to-head |