Franklin U.S. Core Bond ETF
Franklin Templeton ETF Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Franklin U.S. Core Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q3
Total return.
The fund invests at least 80% of its net assets in investment-grade bonds issued by U.S. entities, including government, corporate, mortgage-backed and asset-backed securities, with sector, credit and duration exposures generally comparable to the Bloomberg U.S. Aggregate Index. The investment manager conducts fundamental analysis to select securities, which causes the fund's exposures to vary from the benchmark. Because investment decisions rest on the manager's own analysis rather than index replication, the fund's returns may diverge from those of its benchmark index.
| Share class | Expense ratio |
|---|---|
| FLCB | 0.15% |
Portfolio turnover 35.11% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 63.63% |
| Securitized | 45.75% |
| Cash & short-term | 3.92% |
| Stocks | 0.40% |
These positions come to 113.71% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 40.2% |
| Government | 29.0% |
| Other | 6.0% |
| Financials | 5.4% |
| 12 smaller | 19.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×2, FEDERAL NATIONAL MORTGAGE ASSOCIATION ×6
Largest exited: United States Treasury Notes ×2, Federal National Mortgage Association ×3, FEDERAL NATIONAL MORTGAGE ASSOCIATION ×2, Federal Home Loan Mortgage Corp.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 86.9% |
| Floating rate | 13.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.9% |
| 1-3y | 10.7% |
| 3-5y | 12.3% |
| 5-10y | 20.4% |
| 10y+ | 52.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 60% |
| Credit spreads | 40% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.76 yr |
| High yield | +0.07 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.62 yr | 11% |
| 5 yr | 1.65 yr | 29% |
| 10 yr | 2.26 yr | 39% |
| 30 yr | 1.21 yr | 21% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.40 yr | 11% |
| 5 yr | 2.52 yr | 66% |
| 10 yr | 0.87 yr | 23% |
| 30 yr | 0.03 yr | 1% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.00 | $1.7k | $0 |
| 1 yr | +0.62 | +0.40 | +0.01 | $121.1k | $2.4k |
| 5 yr | +1.65 | +2.48 | +0.04 | $759.0k | $11.8k |
| 10 yr | +2.26 | +0.85 | +0.02 | $260.6k | $6.2k |
| 30 yr | +1.21 | +0.03 | +0.00 | $7.8k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.25% · due 2027-06-30 | 3.16% | $96.66M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2033-04-30 | 3.04% | $92.94M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION4.50% · due 2056-08-15 | 2.73% | $83.59M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION6.00% · due 2056-08-15 | 2.13% | $65.02M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.38% · due 2028-12-31 | 2.04% | $62.51M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION5.00% · due 2056-08-15 | 2.04% | $62.45M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.13% · due 2028-07-31 | 1.93% | $59.06M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION5.50% · due 2056-08-15 | 1.64% | $50.29M | — |
| INFXX | INSTITUTIONAL FIDUCIARY TRUSTINFXX | 1.58% | $48.31M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION3.50% · due 2056-08-15 | 1.34% | $40.95M | — |
Top 10 positions are 21.64% of net assets, top 25 37.76%, across 307 issuers.
See more of this fund's book
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