Franklin Senior Loan ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About FLBL
Undernormal market conditions, the Fund invests at least 80% of its net assets in senior loans and investmentsthat provide exposure to senior loans. Senior loans include loans referred to as leveraged loans, bankloans and/or floating rate loans. The Fund’s investments in derivative instruments and other investmentsthat provide exposure to the investment focus indicated in the Fund’s 80% policy, or that provideexposure to one or more market risk factors associated with the investment focus indicated in the Fund’sname, are included in the Fund’s 80% basket.The Fund invests predominantly in income-producingsenior floating interest rate corporate loans made to or issued by U.S. companies, non-U.S. entitiesand U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically adjustedto a generally recognized base interest rate such as the Secured Overnight Financing Rate (SOFR) or thePrime Rate. The Fund may invest in companies whose financial condition is troubled or uncertain and thatmay be involved in bankruptcy proceedings, reorganizations or financial restructurings.Senior loans generallyhave credit ratings below investment grade and may be subject to restrictions on resale. Under normalmarket conditions, the Fund invests at least 75% of its net assets in senior loans that are rated B-or higher at the time of purchase by a nationally recognized statistical rating organization (NRSRO)or, if unrated, are determined to be of comparable quality by the Fund’s investment manager. Undernormal market conditions, the Fund may invest up to 25% of its net assets in senior loans that are ratedbelow B- by an NRSRO or, if unrated, are determined to be of comparable quality by the investment manager.TheFund’s senior loans typically hold the most senior position in the capitalization structure ofa company and are generally secured by specific collateral. Such senior position means that, in casethe company becomes insolvent, the lenders or security holders in a senior position like the Fund’sposition will typically be paid before other unsecured or subordinated creditors of the company fromthe assets of the company.The Fund typically invests in a corporate loan if the investment manager judgesthat the borrower can meet the scheduled payments on the obligation and the risk adjusted return meetsthe portfolio criteria. The investment manager performs its own independent credit analysis of each borrower/issuerand of the collateral structure securing the Fund’s investment.TheFund may invest in “covenant lite” loans. Certain financial institutions may define “covenantlite” loans differently. Covenant lite loans may have tranches that contain fewer or no restrictivecovenants. The tranche of the covenant lite loan that has fewer restrictions typically does not includethe legal clauses which allow an investor to proactively enforce financial tests or prevent or restrictundesired actions taken by the company or sponsor. Covenant lite loans also generally give the borrower/issuermore flexibility if they have met certain loan terms and provide fewer investor protections if certaincriteria are breached. The Fund may experience relatively greater realized or unrealized losses or delaysin enforcing its rights on its holdings of certain covenant lite loans than its holdings of loans withthe usual covenants.The Fund currently limits its investments in debt obligations of non-U.S. entitiesto no more than 25% of its total assets. The Fund currently invests predominantly in debt obligationsthat are U.S. dollar-denominated or otherwise provide for payment in U.S. dollars.The Fund currently doesnot intend to invest more than 25% of its net assets in the obligations of borrowers in any single industry,except that, under normal market conditions, the Fund invests more than 25% of its net assets in debtobligations of companies operating in the industry group consisting of financial institutions and theirholding companies, including commercial banks, thrift institutions, insurance companies and finance companies.These firms, or “agent banks,” may serve as administrators of corporate loans issued by othercompanies. For purposes of this restriction, the Fund currently considers such companies to include theborrower, the agent bank and any intermediate participant. The Fund may invest up to 100% of its netassets in loans where firms in such industry group are borrowers, agent banks or intermediate participants.TheFund may invest in structured fixed income securities, including collateralized loan obligations (CLOs).The Fund considers the CLOs that it holds "loans" for purposes of its 80% policy. The Fund may also investa portion of its assets in cash or cash equivalents.To pursue its investment goals, the Fundmay enter into certain derivative transactions, principally high yield credit default index swaps. TheFund may use credit default index swaps to obtain net long or net short exposures to selected creditrisks or durations, for the purposes of enhancing Fund returns, increasing liquidity and/or gaining exposureto particular instruments in more efficient or less expensive ways, and to hedge risks related to changesin credit risks and other market factors. In addition to the Fund's main investments, the Fund may investup to 20% of its net assets in certain other types of debt obligations and equity or debt securities,including, but not limited to, other secured, second lien, subordinated or unsecured corporateloans and corporate debt securities, fixed rate obligations of U.S. companies, non-U.S. entities andU.S. subsidiaries of non-U.S. entities and equity securities (including convertible securities, warrantsand rights) to the extent that they are acquired in connection with or incidental to the Fund's otherinvestment activities.The investment manager may consider selling a security when it believes the securityhas become fully valued due to either its price appreciation or changes in the issuer’s fundamentals,or when the investment manager believes another security is a more attractive investment opportunity.
FLBL News
- Royal Bank of Canada Buys 232,329 Shares of Franklin Senior Loan ETF $FLBL
- Precision Trading with Franklin Senior Loan Etf (FLBL) Risk Zones
- Technical Reactions to FLBL Trends in Macro Strategies
- Technical Reactions to FLBL Trends in Macro Strategies
- Kathmere Capital Management LLC Cuts Stake in Franklin Senior Loan ETF $FLBL
- Trading the Move, Not the Narrative: (FLBL) Edition
- (FLBL) Volatility Zones as Tactical Triggers
- Blue Jean Financial LLC Takes Position in Franklin Senior Loan ETF $FLBL
- Franklin Senior Loan ETF (BATS:FLBL) Short Interest Down 85.9% in May
- Keudell Morrison Wealth Management Invests $589,000 in Franklin Senior Loan ETF $FLBL
Data for FLBL is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.