Franklin Ultra Short Bond ETF
FLUD
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 - Bonds
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Jul 20, 2020
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Ultra Short Bond ETF (FLUD) is an actively managed exchange-traded fund that seeks a high level of current income consistent with prudent investing and capital preservation by primarily investing in a diversified portfolio of short-duration, investment-grade fixed income securities, including U.S. dollar-denominated bonds, money market instruments, corporate bonds, and other debt obligations with an estimated average portfolio duration of one year or less; it features monthly dividend distributions, approximately 337 holdings across sectors such as finance (59.37%), automotive, industrial, and health care, with top exposures to issuers like ING Groep N.V., Lloyds Banking Group PLC, Australia & New Zealand Banking Group Ltd., U.S. Bank National Association, and a significant cash allocation; the fund benchmarks against the ICE BofA US 3-Month Treasury Bill Index and trades on the NYSE Arca exchange under ticker FLUD with CUSIP 35473P496. FLUD operates within the ultrashort bond segment of the fixed income market, targeting institutional and retail investors seeking liquidity, income, and low interest rate sensitivity, with total net assets of approximately $175 million, 7 million shares outstanding, and a net expense ratio of 0.15%; it maintains an effective duration of 0.51 years and weighted average maturity of 1.20 years, with maturity allocations including 47.34% in 0-1 year securities, 27.99% in 1-2 years, and 23.95% in 2-3 years; the fund is domiciled in the United States and available primarily to U.S. investors. Launched on July 14, 2020 by Franklin Templeton, a global investment management firm headquartered in San Mateo, California, FLUD is part of the Franklin Templeton ETF Trust 2 and managed by a team including Joanne M. Driscoll, CFA (since 2024), Michael J. Lima, CFA (since 2024), and Andrew C. Benson (since 2024), all with extensive fixed income experience; the fund was initially branded as Franklin Liberty Ultra Short Bond ETF upon inception. In recent developments, Franklin Templeton has expanded its ETF offerings with new active equity and short-term U.S. Treasury products for European investors in 2025, alongside strategic partnerships such as a $70 million alliance with The Arab Investment Company for a bond fund and collaborations with eToro and online brokers to broaden distribution in Germany and Austria; while no specific acquisitions, funding rounds, or name changes directly impact FLUD, the broader firm's focus on active fixed income ETFs and global distribution enhancements supports ongoing portfolio management and accessibility amid market volatility from Federal Reserve rate adjustments.