Franklin High Yield Corporate ETF (FLHY)
| Assets | $270.32M |
| NAV | $21.45 |
| Expense Ratio | 0.40% |
| PE Ratio | n/a |
| Shares Out | 12.60M |
| Dividend (ttm) | $1.45 |
| Dividend Yield | 6.77% |
| Ex-Dividend Date | Sep 1, 2022 |
| 1-Year Return | -18.98% |
| Volume | 1,625,039 |
| Open | 21.55 |
| Previous Close | 21.55 |
| Day's Range | 21.46 - 21.64 |
| 52-Week Low | 21.43 |
| 52-Week High | 26.50 |
| Beta | 0.43 |
| Holdings | 173 |
| Inception Date | May 30, 2018 |
About FLHY
The investment seeks to earn a high level of current income; its secondary goal is to seek capital appreciation to the extent it is possible and consistent with the fund's principal goal. Under normal market conditions, the fund invests at least 80% of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. It may invest up to 100% of its total assets in high yield debt securities. The fund may invest in debt securities of U.S. and foreign issuers, including those in developing or emerging markets. These securities may be U.S. dollar or non-U.S. dollar denominated.
Top 10 Holdings
15.66% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash & Cash Equivalents | n/a | 6.08% |
| TRANSDIGM INC | TDG 6.25 03.15.26 144A | 1.17% |
| CENTENE CORP | CNC 4.25 12.15.27 | 1.14% |
| INTERGEN NV | INTGEN 7 06.30.23 144A | 1.09% |
| CSC HOLDINGS LLC | CSCHLD 7.5 04.01.28 144a | 1.07% |
| AMERICAN AIRLINES/AADVAN | AAL 5.5 04.20.26 144A | 1.06% |
| HARBOUR ENERGY PLC | HBRLN 5.5 10.15.26 144A | 1.05% |
| UNIVISION COMMUNICATIONS | UVN 6.625 06.01.27 144A | 1.02% |
| MRT MID PART/MRT MID FIN | MMLP 11.5 02.28.25 144A | 1.01% |
| JAGUAR LAND ROVER AUTOMO | TTMTIN 5.5 07.15.29 144A | 0.97% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 1, 2022 | $0.14409 | Sep 8, 2022 |
| Aug 1, 2022 | $0.08868 | Aug 5, 2022 |
| Jul 1, 2022 | $0.10574 | Jul 8, 2022 |
| Jun 1, 2022 | $0.12295 | Jun 7, 2022 |
| May 2, 2022 | $0.11682 | May 6, 2022 |
| Apr 1, 2022 | $0.15116 | Apr 7, 2022 |
News
Focus on FLHY as a Recession Indicator
Among fixed income assets, high yield corporate bonds are often considered to be reliable indicators of economic strength or weakness. With that notion in mind, the Franklin High Yield Corporate ETF (FL...
Franklin Templeton Alters Names, Swaps Indexes on Slew of ETFs
Franklin Templeton is further cementing its status as a rising player in the exchange traded funds industry by announcing that it's changing the names of more than a dozen of its ETFs and swapping under...
Patient Investors Could Be Rewarded for Junk Bond Faith
The widely followed Markit iBoxx USD Liquid High Yield Index is down 9.56% year-to-date, as of July 28. In a vacuum, that's enough for many investors to gloss over high yield bonds.
It's Not Your Default: FLHY Remains Interesting Income Idea
The Federal Reserve's interest rate tightening regime is crimping nearly every corner of the fixed income market, including high yield corporate debt. Making matters worse for junk bonds is increasing s...
Seize Junk Bond Bargains With FLHY
Amid rising interest rates, bonds of nearly all stripes are being punished in 2022. Owing to their status as risk assets, high yield corporate bonds are no exception.