Three comanagers have left Franklin Investment-grade Corporate ETF and three have joined in service of the strategy’s new direction since Joshua Lohmeier took over in March 2023. The strategy has some continuity with its past as credit specialist Marc Kremer remains, but its new direction has yet to prove itself and this comanager triple-swap does not change that. The strategy retains its Average People and Process ratings.
Franklin Investment Grade Corporate ETF FLCO
Morningstar’s Analysis FLCO
Will FLCO outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Bank of America Corp. 5.202% | 1.39 | 8.0 Mil | Corporate |
Goldman Sachs Group, Inc. 2.64% | 1.33 | 7.7 Mil | Corporate |
Wells Fargo & Co. 4.808% | 1.21 | 7.0 Mil | Corporate |
Amgen Inc. 5.6% | 1.19 | 6.9 Mil | Corporate |
Citigroup Inc. 3.668% | 1.17 | 6.8 Mil | Corporate |
T-Mobile USA, Inc. 2.875% | 1.17 | 6.8 Mil | Corporate |
JPMorgan Chase & Co. 6.087% | 1.11 | 6.4 Mil | Corporate |
Burlington Northern Santa Fe LLC 5.75% | 1.10 | 6.4 Mil | Corporate |
United States Treasury Notes 3.625% | 1.08 | 6.2 Mil | Government |
AT&T Inc 3.5% | 1.07 | 6.2 Mil | Corporate |
United States