About Franklin Liberty Investment Grade Corporate ETF (FLCO)

The Franklin Liberty Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that seeks to provide investors with exposure to a diversified portfolio of investment grade corporate bonds. The fund is designed to provide investors with a high level of income, while also maintaining a focus on capital preservation. FLCO invests primarily in investment grade corporate bonds issued by companies located in the United States. These bonds have a credit rating of BBB- or higher by Standard & Poor's or Baa3 or higher by Moody's.

FLCO aims to track the performance of the Bloomberg Barclays US Corporate Investment Grade Index, which is a widely recognized benchmark for the investment grade corporate bond market. The index consists of fixed-rate, taxable, investment grade corporate bonds that have at least one year remaining to maturity. The index is market-value weighted, meaning that larger issuers have a greater impact on the index's performance. FLCO employs a passive investment strategy, which means that the fund seeks to replicate the performance of the index rather than actively selecting individual bonds.