Franklin High Yield Corporate 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 Jun 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About FLHY
Under normal market conditions, the Fund invests at least 80% of its net assetsin high yield corporate debt securities and investments that provide exposure to high yield corporatedebt securities. High yield debt securities are those that are rated below investment grade, also knownas “junk bonds.” High yield debt securities are rated below the top four ratings categoriesby at least one independent rating agency such as S&P Global Ratings (S&P®) (ratedBB+ and lower) and Moody’s Ratings (Moody’s) (rated Ba1 and lower) or, if unrated, are determinedto be of comparable quality by the Fund’s investment manager. Corporate issuers may include corporateor other business entities in which a sovereign or governmental agency or entity may have, indirectlyor directly, an interest, including a majority or greater ownership interest. The Fund’s investmentsin derivative instruments and other investments that provide exposure to the investment focus indicatedin the Fund’s 80% policy, or that provide exposure to one or more market risk factors associatedwith the investment focus indicated in the Fund’s name, are included in the Fund’s 80% basket.Lower-ratedsecurities generally pay higher yields than more highly rated securities to compensate investors forthe higher risk. These securities include bonds; notes; debentures; convertible securities; bank loansand corporate loans; and senior and subordinated debt securities.The Fund may invest up to 100% of its totalassets in high yield debt securities. The Fund may buy both rated and unrated debt securities, includingsecurities rated below B by Moody’s or S&P® (or, if unrated, deemed comparableby the Fund’s investment manager). The Fund may invest in fixed or floating rate corporate loansand corporate debt securities, including covenant lite loans. The Fund may also invest in defaulted debtsecurities. The Fund may invest in debt securities of any maturity or duration.The Fund may invest indebt securities of U.S. and foreign issuers, including those in developing or emerging markets. Thesesecurities may be U.S. dollar or non-U.S. dollar denominated.TheFund may purchase or receive equity securities, including in connection with restructurings. The Fund may enter intocertain derivative transactions, principally currency and cross currency forwards; and swap agreements,including interest rate and credit default swaps (including credit default index swaps). The use of thesederivative transactions may allow the Fund to obtain net long or short exposures to select currencies,interest rates, countries, durations or credit risks. These derivatives may be used to enhance Fund returns,increase liquidity, gain exposure to certain instruments or markets in a more efficient or less expensiveway and/or hedge risks associated with its other portfolio investments. When used for hedging purposes,a forward contract could be used to protect against possible decline in a currency’s value whena security held or to be purchased by the Fund is denominated in that currency. The Fund’s investmentmanager is a research driven, fundamental investor that relies on a team of analysts to provide in-depthindustry expertise and uses both qualitative and quantitative analysis to evaluate issuers. As a “bottom-up”investor, the investment manager focuses primarily on individual securities. The investment manager alsoconsiders sectors when choosing investments. The investment manager may utilize quantitative models toevaluate investment opportunities as part of the portfolio construction process for the Fund. Quantitativemodels are proprietary systems that rely on mathematical computations to identify investment opportunities.Inselecting securities for the Fund’s investment portfolio, the investment manager does not relyprincipally on the ratings assigned by rating agencies, but performs its own independent investment analysisto evaluate the creditworthiness of the issuer. The investment manager considers a variety of factors,including the issuer’s experience and managerial strength, its sensitivity to economic conditions,and its current and prospective financial condition.The investment manager may seek to sell asecurity if: (i) the security has moved beyond the investment manager’s fair value target and therehas been no meaningful positive change in the company’s fundamental outlook; (ii) there has beena negative fundamental change in the issuer’s credit outlook that changes the investment manager’sview of the appropriate valuation; or (iii) the investment manager’s views on macroeconomic orsector trends or valuations have changed, making that particular issuer (or that issuer’s industry)less attractive for the Fund’s portfolio. In addition, the investment manager may sell a securitythat still meets the investment manager’s buy criteria if another security becomes available inthe new issue or secondary market that the investment manager believes has better return potential orimproves the Fund’s risk profile.
FLHY News
- (FLHY) Volatility Zones as Tactical Triggers
- Understanding Momentum Shifts in (FLHY)
- Avoiding Lag: Real-Time Signals in (FLHY) Movement
- Discipline and Rules-Based Execution in FLHY Response
- Franklin High Yield Corporate ETF (BATS:FLHY) Short Interest Up 125.8% in June
- Discipline and Rules-Based Execution in FLHY Response
- Behavioral Patterns of FLHY and Institutional Flows
- (FLHY) Movement Within Algorithmic Entry Frameworks
Data for FLHY 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.