Franklin Liberty High Etf Profile

FLHY Etf  USD 23.73  0.03  0.13%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Franklin Liberty is trading at 23.73 as of the 28th of March 2024; that is -0.13% down since the beginning of the trading day. The etf's open price was 23.76. Franklin Liberty has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Franklin Liberty High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in high yield corporate debt securities and investments that provide exposure to high yield corporate debt securities. Franklin Liberty is traded on BATS Exchange in the United States. More on Franklin Liberty High

Moving together with Franklin Etf

  0.96HYG IShares IBoxx HighPairCorr
  0.97USHY IShares Broad USDPairCorr
  0.95JNK SPDR Bloomberg High Sell-off TrendPairCorr
  0.99SHYG IShares 0-5 YearPairCorr
  0.94HYLB Xtrackers USD High Sell-off TrendPairCorr
  0.97SJNK SPDR Bloomberg Short Sell-off TrendPairCorr
  0.63ANGL VanEck Fallen Angel Sell-off TrendPairCorr

Moving against Franklin Etf

  0.84BITI ProShares Trust -PairCorr

Franklin Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Franklin Liberty's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Franklin Liberty or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationHigh Yield ETFs, Corporate ETFs, High Yield Bond, Franklin Templeton Investments (View all Sectors)
IssuerFranklin Templeton Investments
Inception Date2018-05-30
Entity TypeRegulated Investment Company
Asset Under Management266.37 Million
Average Trading Valume52,499.6
Asset TypeFixed Income
CategoryCorporate
FocusHigh Yield
Market ConcentrationBlended Development
RegionGlobal
AdministratorFranklin Templeton Services, LLC
AdvisorFranklin Advisers, Inc.
CustodianState Street Bank and Trust Company
DistributorFranklin Distributors, LLC
Portfolio ManagerGlenn I. Voyles, Patricia OConnor, Jonathan G. Belk, Thomas Runkel, Pururav Thoutireddy
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Mar
ExchangeCboe BZX Exchange, Inc.
Number of Constituents219
Market MakerJane Street
Total Expense0.4
Management Fee0.4
Country NameUSA
Returns Y T D1.98
NameFranklin Liberty High Yield Corporate ETF
Currency CodeUSD
Open FigiBBG00L2CL634
In Threey Volatility8.06
1y Volatility6.0
200 Day M A22.9273
50 Day M A23.5343
CodeFLHY
Updated At28th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio(0.03)
Franklin Liberty High [FLHY] is traded in USA and was established 2018-05-30. The fund is listed under High Yield Bond category and is part of Franklin Templeton Investments family. The entity is thematically classified as High Yield ETFs. Franklin Liberty High currently have 221.75 M in assets under management (AUM). , while the total return for the last 3 years was 2.5%.
Check Franklin Liberty Probability Of Bankruptcy

Franklin Liberty Target Price Odds Analysis

Based on a normal probability distribution, the odds of Franklin Liberty jumping above the current price in 90 days from now is roughly 2.95%. The Franklin Liberty High probability density function shows the probability of Franklin Liberty etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Franklin Liberty has a beta of 0.3428. This usually indicates as returns on the market go up, Franklin Liberty average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Franklin Liberty High will be expected to be much smaller as well. Additionally, franklin Liberty High has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 23.73HorizonTargetOdds Above 23.73
96.83%90 days
 23.73 
2.95%
Based on a normal probability distribution, the odds of Franklin Liberty to move above the current price in 90 days from now is roughly 2.95 (This Franklin Liberty High probability density function shows the probability of Franklin Etf to fall within a particular range of prices over 90 days) .

Franklin Liberty Top Holders

FLRQXFranklin Lifesmart 2020Mutual FundTarget-Date 2020
FTCZXFranklin Servative AllocationMutual FundAllocation--30% to 50% Equity
FLROXFranklin Lifesmart 2020Mutual FundTarget-Date 2020
FBRLXFranklin Lifesmart RetirementMutual FundTarget-Date Retirement
FTRTXFranklin Lifesmart 2025Mutual FundTarget-Date 2025
FLMTXFranklin Lifesmart RetirementMutual FundTarget-Date Retirement
FTCCXFranklin Servative AllocationMutual FundAllocation--30% to 50% Equity
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Franklin Liberty High Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Franklin Liberty market risk premium is the additional return an investor will receive from holding Franklin Liberty long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Franklin Liberty. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Franklin Liberty's alpha and beta are two of the key measurements used to evaluate Franklin Liberty's performance over the market, the standard measures of volatility play an important role as well.

Franklin Liberty Against Markets

Picking the right benchmark for Franklin Liberty etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Franklin Liberty etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Franklin Liberty is critical whether you are bullish or bearish towards Franklin Liberty High at a given time. Please also check how Franklin Liberty's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin Liberty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Franklin Etf?

Before investing in Franklin Liberty, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Franklin Liberty. To buy Franklin Liberty etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Franklin Liberty. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Franklin Liberty etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Franklin Liberty High etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Franklin Liberty High etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Franklin Liberty High, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Franklin Etf please use our How to Invest in Franklin Liberty guide.

Already Invested in Franklin Liberty High?

The danger of trading Franklin Liberty High is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Franklin Liberty is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Franklin Liberty. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Franklin Liberty High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Franklin Liberty High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Franklin Liberty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Franklin Liberty High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Liberty High Etf:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Franklin Liberty High information on this page should be used as a complementary analysis to other Franklin Liberty's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Franklin Liberty's price analysis, check to measure Franklin Liberty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Franklin Liberty is operating at the current time. Most of Franklin Liberty's value examination focuses on studying past and present price action to predict the probability of Franklin Liberty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Liberty's price. Additionally, you may evaluate how the addition of Franklin Liberty to your portfolios can decrease your overall portfolio volatility.
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The market value of Franklin Liberty High is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Liberty's value that differs from its market value or its book value, called intrinsic value, which is Franklin Liberty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Liberty's market value can be influenced by many factors that don't directly affect Franklin Liberty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Liberty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Liberty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Liberty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.