Franklin Investment Grade Corporate ETF
FLCO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Oct 5, 2016
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Investment Grade Corporate ETF (FLCO) is an actively managed exchange-traded fund that seeks to provide a high level of current income consistent with prudent investing and preservation of capital by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The fund primarily targets U.S. dollar-denominated corporate bonds issued by U.S. and foreign companies across any maturity or duration, rated in the top four categories (such as BBB- or better by S&P or Baa3 or higher by Moody's), with up to 40% exposure to foreign securities including emerging markets and up to 15% in non-U.S. dollar denominated securities; it employs a differentiated portfolio construction approach with strategic allocation across ratings, sectors, and maturity curves, supported by a risk-controlled strategy aligned with the Bloomberg US Corporate Investment Grade Index benchmark. FLCO features approximately 220 holdings, an average weighted maturity of 10.04 years, a net expense ratio of 0.35%, and total net assets exceeding $550 million as of late 2025. FLCO operates within the fixed income segment of the global investment management industry, targeting institutional and retail investors seeking income from corporate bonds with a focus on credit quality to mitigate risk. The fund trades on NYSE Arca under ticker FLCO with CUSIP 35473P603, managed by Franklin Advisors, Inc. and Franklin Templeton Institutional, LLC as part of Franklin Templeton ETF Trust. It draws on Franklin Templeton's expertise in credit research and active management, with geographic exposure primarily to U.S. issuers supplemented by international corporate debt. Issued by Franklin Templeton ETF Trust, a subsidiary of Franklin Resources, Inc. (NYSE: BEN), founded in 1947 and headquartered in San Mateo, California, FLCO was launched on October 3, 2016. Franklin Templeton, a global investment manager with over $1.5 trillion in assets under management, oversees the fund through its seasoned fixed income teams. In recent developments, Franklin Templeton completed the acquisition of Apera Asset Management, a UK-based private credit manager, in September 2025, expanding its alternatives platform including credit capabilities to $87 billion in assets; the firm also launched new active ETFs such as Putnam International Stock ETF (PGRI) and Templeton International Insights ETF (TINS) in October 2025, alongside strategic partnerships like with Wand AI for agentic AI in asset management. FLCO itself maintains steady monthly distributions, with recent payouts including $0.0773 per share in December 2025, reflecting resilient performance amid tightening credit spreads and favorable U.S. Treasury yield dynamics. These moves underscore Franklin Templeton's ongoing expansion in active ETFs and credit strategies within a dynamic fixed income landscape.