Franklin Senior Loan ETF (FLBL)
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FLBL: Steady Risk-Adjusted Performance And High Yield
Franklin Senior Loan ETF FLBL is an actively managed, highly diversified fund with $742M in AUM that invests in senior-secured floating rate loans. FLBL seeks a high level of current income with a secondary goal of capital preservation. FLBL has a strong risk adjusted performance compared to peers over the past five years. The expense ratio is 0.45 and the 30-Day SEC Yield is 7.23%.
FLBL: A Senior Loan ETF With 8.3% Yield And Strong Performance
Franklin Senior Loan ETF is the most affordable senior loan ETF with a 0.45% expense ratio. It sports an above-average 8.3% dividend yield and could benefit from a higher for the longer situation. FLBL is a solid, albeit somewhat risky, investment opportunity.
Franklin Senior Loan ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 17,306 | $412,828.84 | $396,220.87 | -$16,607.97 | -4.02% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 31 | $713 | $709.9 | -$3.1 | -0.43% |
 Daren Blonski Fermata Advisors LLC | 12,216 | $298,839.96 | $279,685.32 | -$19,154.64 | -6.41% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 696 | $16,987.87 | $15,941.88 | -$1,045.99 | -6.16% |
 Amir Ali Monsefi Aire Advisors LLC | 265,901 | $6.4M | $6.09M | -$311,161.71 | -4.86% |
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Franklin Senior Loan ETF Profile
| BATS Exchange | US Country |
Overview
The company focuses on investing in senior loans and instruments providing exposure to such loans, primarily targeting senior floating interest rate corporate loans issued to or made by U.S. entities, as well as non-U.S. entities and their U.S. subsidiaries. These investments are aimed at generating income under normal market conditions, committing at least 80% of its net assets towards senior loans. These senior loans are often referred to as leveraged loans, bank loans, or floating rate loans, indicating the company's strategic emphasis on income-producing financial products that are likely to offer stable returns due to their senior position in the borrowers' capital structure.
Products and Services
- Senior Loans
Investing primarily in senior floating interest rate corporate loans to U.S. companies, non-U.S. entities, and U.S. subsidiaries of non-U.S. entities. These senior loans are positioned at the top of the borrower’s capital structure, therefore providing a level of security to investments. Because these loans are floating rate, they are less sensitive to interest rate changes, making them an attractive income-generating investment.
- Leveraged Loans, Bank Loans, and Floating Rate Loans
A subset of senior loans, these financial instruments include leveraged loans designed for companies with high amounts of debt, traditional bank loans provided by financial institutions, and floating rate loans whose interest rates adjust with market conditions. The fund’s investment in these types of loans underlines its strategy to capitalize on opportunities within the leveraged credit market, catering to investors seeking exposure to higher yielding, yet risk-managed assets.
- Income-Producing Investments
The fund seeks out investments that generate income on a regular basis, focusing predominantly on senior floating interest rate corporate loans. These investments are chosen for their potential to provide steady returns through interest income, making them a cornerstone of the fund’s strategy to deliver value to its investors while managing risk associated with credit and interest rate fluctuations.
