Franklin High Yield Corporate ETF (FLHY)
Franklin High Yield Corporate ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $24.16, up 0.23% on the session, giving a market capitalisation of $864.1M. Its beta of 0.61 implies it has historically moved less than the broad market.
The primary objective of this fund is to generate substantial current income. A secondary aim is to pursue capital appreciation. To achieve these goals, the fund commits a minimum of 80% of its net assets to high-yield corporate bonds, or to other investment instruments that offer exposure to the high-yield corporate debt market.
Franklin High Yield Corporate ETF is most often compared with the following Financial Services names: