Franklin U.S. Core Bond ETF
FLCB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Sep 19, 2019
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin U.S. Core Bond ETF (FLCB), managed by Franklin Advisers, Inc., a subsidiary of Franklin Resources, Inc. (NYSE: BEN), is an actively managed exchange-traded fund that seeks total return by investing primarily in a diversified portfolio of U.S. investment-grade bonds, including U.S. Treasury securities, agency mortgage-backed securities, asset-backed securities, investment-grade corporate debt, and other fixed-income instruments; it employs a risk-focused approach emphasizing security selection, sector rotation, and duration management to pursue outperformance relative to the Bloomberg U.S. Aggregate Bond Index while maintaining similar risk characteristics. The ETF, listed on NYSE Arca with monthly dividend distributions and a net expense ratio of 0.15%, holds approximately 416-421 securities and manages over $2.65 billion in assets under management as of late 2025. Franklin Resources, Inc., founded in 1947 and headquartered in San Mateo, California, operates globally with a focus on investment management services for retail, institutional, and sovereign wealth clients. In recent years, Franklin Templeton, the brand under which FLCB operates, has pursued strategic expansions including the completion of its acquisition of Apera Asset Management in September 2025 to bolster alternative credit capabilities, bringing total alternative assets to approximately $270 billion; a multi-year strategic partnership with Wand AI announced in November 2025 to advance agentic AI in asset management; and a partnership with Binance in August 2025 to develop digital assets initiatives and products. Portfolio management for FLCB saw additions such as Joshua Lohmeier in March 2023 and Michael Salm in September 2024, enhancing the team's expertise in fixed income. The firm also expanded its ETF lineup with new launches like the Franklin Solana ETF in December 2025 and Franklin XRP ETF in November 2025, alongside ongoing institutional interest evidenced by increased hedge fund holdings and capital inflows reaching $2.18 billion in Q3 2025. Originally launched as Franklin Liberty U.S. Core Bond ETF on September 17, 2019, it reflects Franklin Templeton's commitment to active fixed-income strategies amid evolving market dynamics.