FLBL: Steady Risk-Adjusted Performance And High Yield

2025-01-07 06:28:25 ET

Summary

• Franklin Senior Loan ETF FLBL is an actively managed, highly diversified fund with $742M in AUM that invests in senior-secured floating rate loans.
• FLBL seeks a high level of current income with a secondary goal of capital preservation.
• FLBL has a strong risk adjusted performance compared to peers over the past five years. The expense ratio is 0.45 and the 30-Day SEC Yield is 7.23%.

I previously covered Multi-Sector Income funds in JPIE: A Long-Term Income ETF . In this article, I cover the Lipper Category "Loan Participation Funds" which are also categorized as Bank Loan Funds by Morningstar. These funds typically invest in firms that have junk credit ratings along with a higher risk of default. I take a deep dive into the Franklin Senior Loan ETF ( FLBL ) as a steady source of income and compare it to JPIE among others....

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