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Name

As of 06/11/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Ultra Short Bond ETF

FLUD | Active ETF

$25.01

$395 M

3.28%

$0.82

0.15%

Vitals

YTD Return

1.5%

1 yr return

4.5%

3 Yr Avg Return

5.3%

5 Yr Avg Return

3.6%

Net Assets

$395 M

Holdings in Top 10

5.8%

52 WEEK LOW AND HIGH

$25.0
$24.92
$25.15

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.71%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/11/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Ultra Short Bond ETF

FLUD | Active ETF

$25.01

$395 M

3.28%

$0.82

0.15%

FLUD - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Ultra Short Bond ETF
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jul 16, 2020
  • Shares Outstanding
    100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Shawn Lyons

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. Bonds include, but are not limited to, a variety of fixed and variable rate debt obligations, including government and corporate debt securities; money market instruments; and municipal securities.

The Fund targets an estimated average portfolio duration of one (1) year or less. Duration is a measure of the expected price volatility of a debt instrument as a result of changes in market rates of interest, based on the weighted average timing of the instrument’s expected principal and interest payments and other factors.

The Fund invests predominantly in U.S. dollar denominated, investment grade debt securities and investments. Investment grade debt securities are securities that are rated at the time of purchase in the top four ratings categories by one or more independent rating organizations such as S&P® Global Ratings (S&P®) (rated BBB- or better) or Moody’s Investors Service (Moody’s) (rated Baa3 or higher) or, if unrated, are determined to be of comparable quality by the Fund’s investment manager. The Fund’s focus on the credit quality of its portfolio is intended to reduce credit risk and help to preserve the Fund’s capital. The Fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share.

The Fund generally expects to invest a substantial portion of its assets in cash, cash equivalents and high quality money market securities, including commercial paper, certificates of deposit, repurchase agreements and affiliated or unaffiliated money market funds.

The Fund may invest in securities issued or guaranteed by the U.S. government or by non-U.S. governments or their respective agencies or instrumentalities.

The Fund may invest in U.S. dollar denominated foreign securities, including emerging market securities.

Although the Fund may invest across economic sectors, the Fund concentrates its investments in financials related industries.

In choosing investments for the Fund, the investment manager selects securities in various market sectors based on its assessment of changing economic, market, industry and issuer conditions. The investment manager uses a “top-down” analysis of macroeconomic trends, combined with a “bottom-up” fundamental analysis of market sectors, industries and issuers, to try to take advantage of

varying sector reactions to economic events. The investment manger may utilize quantitative models to evaluate investment opportunities as part of the portfolio construction process for the Fund. Quantitative models are proprietary systems that rely on mathematical computations to identify investment opportunities. The investment manager may consider selling a security when it believes the security has 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.

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FLUD - Performance

Return Ranking - Trailing

Period FLUD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.5% 2.6% 73.33%
1 Yr 4.5% 2.9% 8.6% 27.18%
3 Yr 5.3%* 3.7% 8.9% 38.97%
5 Yr 3.6%* 1.7% 5.3% 40.00%
10 Yr N/A* -3.4% 28.6% 23.58%

* Annualized

Return Ranking - Calendar

Period FLUD Return Category Return Low Category Return High Rank in Category (%)
2025 0.7% -0.8% 2.1% 11.28%
2024 0.3% -2.2% 2.2% 58.97%
2023 1.0% -2.3% 4.3% 56.41%
2022 -1.2% -6.5% 0.5% 35.64%
2021 -0.8% -2.0% 0.3% 87.91%

Total Return Ranking - Trailing

Period FLUD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% 0.5% 2.6% 73.33%
1 Yr 4.5% 2.9% 8.6% 27.18%
3 Yr 5.3%* 3.7% 8.9% 38.97%
5 Yr 3.6%* 1.7% 5.3% 40.00%
10 Yr N/A* -3.4% 28.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FLUD Return Category Return Low Category Return High Rank in Category (%)
2025 5.4% 3.5% 8.7% 26.15%
2024 5.4% 3.8% 9.0% 80.51%
2023 5.9% 3.1% 12.1% 44.10%
2022 0.2% -5.1% 2.5% 41.49%
2021 0.1% -1.4% 14.5% 52.20%

FLUD - Holdings

Concentration Analysis

FLUD Category Low Category High FLUD % Rank
Net Assets 395 M 28.1 K 38.4 B 74.36%
Number of Holdings 469 2 1429 34.87%
Net Assets in Top 10 13.5 M 27.4 K 43 B 97.95%
Weighting of Top 10 5.82% 4.9% 156.3% 96.92%

Top 10 Holdings

  1. Energy Transfer LP 0% CP 01/04/2026 0.86%
  2. T 3.375 02/29/28 0.75%
  3. TARGA RESOURCES 0426 0.69%
  4. NWG V5.583 03/01/28 0.52%
  5. Mid-America Apartments, L.P. 0% CP 15/04/2026 0.51%
  6. HCA Inc. 0% CP 01/04/2026 0.51%
  7. DANBNK V5.427 03/01/28 144A 0.50%
  8. Conagra Brands Inc 0% CP 01/04/2026 0.50%
  9. Agree LP 0% CP 09/04/2026 0.50%
  10. Ryder System, Inc. 0% CP 02/04/2026 0.48%

Asset Allocation

Weighting Return Low Return High FLUD % Rank
Bonds 		80.45% 0.00% 128.31% 48.72%
Cash 		19.55% 0.00% 105.56% 17.44%
Convertible Bonds 		4.10% 0.00% 15.25% 44.85%
Stocks 		0.00% 0.00% 94.39% 38.46%
Preferred Stocks 		0.00% 0.00% 0.00% 25.13%
Other 		0.00% -52.16% 99.98% 80.51%

Bond Sector Breakdown

Weighting Return Low Return High FLUD % Rank
Corporate 		84.60% 0.00% 99.91% 2.06%
Cash & Equivalents 		18.86% 0.00% 105.56% 15.90%
Securitized 		8.23% 0.00% 100.00% 70.62%
Derivative 		0.00% -47.17% 12.66% 41.03%
Municipal 		0.00% 0.00% 61.92% 60.31%
Government 		0.00% 0.00% 100.00% 82.47%

Bond Geographic Breakdown

Weighting Return Low Return High FLUD % Rank
US 		80.45% 0.00% 128.31% 47.69%
Non US 		0.00% 0.00% 13.18% 35.90%

FLUD - Expenses

Operational Fees

FLUD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.08% 5.13% 93.75%
Management Fee 0.15% 0.00% 1.19% 9.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FLUD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 3.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FLUD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLUD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.71% 0.00% 336.00% 9.32%

FLUD - Distributions

Dividend Yield Analysis

FLUD Category Low Category High FLUD % Rank
Dividend Yield 3.28% 0.98% 8.76% 39.49%

Dividend Distribution Analysis

FLUD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLUD Category Low Category High FLUD % Rank
Net Income Ratio 0.55% -0.91% 14.86% 41.18%

Capital Gain Distribution Analysis

FLUD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FLUD - Fund Manager Analysis

Managers

Shawn Lyons

Start Date

Tenure

Tenure Rank

Jul 14, 2020

1.88

1.9%

Shawn Lyons is the head of the Money Market group and portfolio manager of the taxable money funds. Mr. Lyons joined Franklin Templeton Investments in 1996. Mr. Lyons received a Bachelor of Arts degree in economics from the University of California at Berkeley. He is a Chartered Financial Analyst (CFA) and a member of the Security Analysts of San Francisco (SASF) and the Association for Investment Management and Research (AIMR).

Johnson Ng

Start Date

Tenure

Tenure Rank

Jul 14, 2020

1.88

1.9%

Kent Burns

Start Date

Tenure

Tenure Rank

Jul 14, 2020

1.88

1.9%

Kent Burns, CFA, is a senior vice president and portfolio manager for the Franklin Templeton Fixed Income Group. He specializes in U.S. multi-sector fixed income strategies and government-related bonds. Mr. Burns joined Franklin Templeton Investments in 1994. He holds a B.A. in quantitative economics and decision science from University of California at San Diego, and a master's degree in economic theory from University of California at Santa Barbara. He is a Chartered Financial Analyst (CFA) charterholder and teaches review programs for CFA candidates. He is a member of the CFA Institute and the CFA Society of San Francisco.

David Yuen

Start Date

Tenure

Tenure Rank

Jul 14, 2020

1.88

1.9%

David Yuen joined Franklin Templeton Investments in 2000.He was appointed Chief Investment Officer of Global Long/Short Absolute Return Strategy in 2010. Previously, he was co-CIO of US Large Cap Value Equities and CIO of the Advanced Value Fund (since 2009), as well as director of research for US Large Cap Value (since early 2008). Yuen had been the director of research for Emerging Markets Value since August 2002. He joined Bernstein in 1998 as a research analyst, covering the global retailing industry, and became a senior research analyst in 1999, covering retail, textile & apparel, gaming & lodging, and consumer appliances. Prior to joining Bernstein, Yuen worked as a senior vice president of The Coleman Company from 1994 to 1998. From 1988 to 1994, he was a consultant, then partner, at WKI, a management-consulting firm specializing in emerging-market strategies. Prior to that, Yuen was a consultant with Bain & Company. He received a BS in operations research from Columbia University’s School of Engineering in 1986. Location: New York

Thomas Runkel

Start Date

Tenure

Tenure Rank

Jul 14, 2020

1.88

1.9%

Tom Runkel is a vice president and portfolio manager for Franklin Templeton Investments. Mr. Runkel focuses on relative value security selection and allocation among the credit sectors for the multi-sector fixed income portfolios. He also serves as the director of portfolio strategies and the lead portfolio manager for the SMA Taxable Fixed Income strategies and supervises the Franklin SMA Taxable Fixed Income Portfolio Management team. Mr. Runkel joined Franklin in 1983 and served as a senior portfolio manager for Franklin's taxable money fund and investment grade fixed income assets as well as a trader for taxable fixed income and equity securities. Mr. Runkel founded Runkel Funds, Inc. in 2002 and managed a large-cap value fund until late 2005 before returning to Franklin in 2006. Mr. Runkel has an M.B.A. from the University of Santa Clara and earned a B.S. in political science from the University of California, Davis. He is a Chartered Financial Analyst (CFA) charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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