Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund

Price: $24.42
Change: $0.04 (0.0%)
Category: High Yield Bonds
Last Updated:


Brand Franklin
Structure ETF
Expense Ratio 0.45%
ETF Home Page Home page
Inception May 30, 2018
Index Tracked ACTIVE - No Index

Analyst Report

The Franklin Liberty Senior Loan ETF (FLBL) is an actively managed ETF that seeks to invest in senior loans, a segment of the debt market that can offer great yields for those investors willing to take on significant risks. FLBL invests in leveraged loans, bank loans, and floating-rate loans, which are often extended to ‘junk’ borrowers with below investment-grade credit ratings. The fund may invest in loans of companies whose financial condition is uncertain, including companies involved in bankruptcy proceedings and restructuring. FLBL is priced competitively for active management. Investors can compare performance and fees against passive rivals like the Invesco Senior Loan ETF (BKLN).

ETF Database Themes

Category High Yield Bonds
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Bank Loans
Bond Duration Ultra Short-Term

FactSet Classifications

Segment Fixed Income: U.S. - Corporate, Bank Loans High Yield Floating Rate
Category Corporate, Bank Loans
Focus High Yield
Niche Floating Rate
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.05
  • 52 Week Hi $24.42
  • AUM $543.6 M
  • Shares 22.4 M

Historical Trading Data

  • 1 Month Avg. Volume 240,171
  • 3 Month Avg. Volume 239,154

Alternative ETFs in the ETF Database High Yield Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCYB 0.03% $195.5 M 53,122 4.32%
Largest (AUM) HYG 0.49% $17.1 B 34 M 4.31%
Most Liquid (Volume) HYG 0.49% $17.1 B 34 M 4.31%
Top YTD Performer KHYB 0.69% $17.5 M 6,127 8.44%

Alternative ETFs in the FactSet Fixed Income: U.S. - Corporate, Bank Loans High Yield Floating Rate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest LONZ 0.52% $469.9 M 64,533 5.34%
Largest (AUM) BKLN 0.65% $8.6 B 11 M 3.50%
Most Liquid (Volume) BKLN 0.65% $8.6 B 11 M 3.50%
Top YTD Performer LONZ 0.52% $469.9 M 64,533 5.34%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FLBL ETF Database Category Average FactSet Segment Average
Number of Holdings 241 446 183
% of Assets in Top 10 39.65% 26.23% 47.53%
% of Assets in Top 15 43.47% 29.92% 51.89%
% of Assets in Top 50 62.69% 47.68% 74.17%

Size Comparison

FLBL ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

FLBL Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

FLBL Dividend

This section compares the dividend yield of this ETF to its peers.

FLBL ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.21 $ 0.18
Dividend Date 2024-07-01 N/A N/A
Annual Dividend Rate $ 2.01 $ 2.37 $ 2.50
Annual Dividend Yield 8.22% 6.63% 8.43%

FLBL Price and Volume Charts

View charts featuring FLBL price and volume data.

FLBL Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 19.46 M 1 Month Net Flows: 61.92 M 3 Month Net Flows: 194.43 M 6 Month Net Flows: 232.18 M 1 Year Net Flows: 318.58 M 3 Year Net Flows: 330.51 M 5 Year Net Flows: 466.48 M 10 Year Net Flows: 514.21 M

FLBL Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 20.32 M
1 Month Net AUM Change: 65.24 M
3 Month Net AUM Change: 195.13 M
6 Month Net AUM Change: 232.51 M
1 Year Net AUM Change: 322.2 M
3 Year Net AUM Change: 350.42 M
5 Year Net AUM Change: 486.19 M
10 Year Net AUM Change: 533.55 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FLBL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- HYG
Expenses B- SPHY

A+ Overall Rated ETF:

FLBL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

FLBL does not have an ESG score. There are no ESG themes that map to this ETF.

FLBL Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

FLBL ETF Database
Category Average
Factset Segment
1 Month Return 0.74% 1.22% 0.28%
3 Month Return 2.42% 3.70% 1.32%
YTD Return 4.75% 4.01% 2.86%
1 Year Return 10.05% 9.39% 6.46%
3 Year Return 6.14% 1.23% 2.72%
5 Year Return 5.03% 1.88% 2.30%

Geographic Exposure

The following charts reflect the geographic spread of FLBL's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of FLBL's underlying holdings.

Asset Percentage
Bank Loan 62.31%
Sovereign 19.08%
Other 13.53%
Corporate 4.27%
CASH 0.38%
Asset Backed Security 0.32%
Share/Common/Ordinary 0.13%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Bank Loan 62.31%
Sovereign 19.08%
Other 13.53%
Corporate 4.27%
CASH 0.38%
Asset Backed Security 0.32%
Share/Common/Ordinary 0.13%

FLBL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 43.52%
20 Day Volatility 1.14%
50 Day Volatility 1.21%
200 Day Volatility 1.62%
Beta 0.23
Standard Deviation 0.71%
5 Day Volatility
29 of 84

20 Day Volatility
79 of 84

50 Day Volatility
82 of 84

200 Day Volatility
80 of 84

73 of 80

Standard Deviation
67 of 83


  • 20 Day MA $24.32
  • 60 Day MA $24.19
  • MACD 15 Period 0.07
  • MACD 100 Period 0.38
  • Williams % Range 10 Day 4.17
  • Williams % Range 20 Day 2.44
  • RSI 10 Day 79
  • RSI 20 Day 76
  • RSI 30 Day 74
  • Ultimate Oscillator 67

Bollinger Bands

  • Lower Bollinger (10 Day) $24.31
  • Upper Bollinger (10 Day) $24.42
  • Lower Bollinger (20 Day) $24.21
  • Upper Bollinger (20 Day) $24.43
  • Lower Bollinger (30 Day) $24.17
  • Upper Bollinger (30 Day) $24.41

Support & Resistance

  • Support Level 1 $24.40
  • Support Level 2 $24.39
  • Resistance Level 1 $24.42
  • Resistance Level 2 $24.43


  • Stochastic Oscillator %D (1 Day) 57.99
  • Stochastic Oscillator %D (5 Day) 85.20
  • Stochastic Oscillator %K (1 Day) 64.00
  • Stochastic Oscillator %K (5 Day) 85.02


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.25
  • Maximum Premium Discount (%) 0.65
  • Average Spread (%) 1.00
  • Average Spread ($) 1.00

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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