Franklin International Aggregate Bond ETF(CBOE:FLIA)

FLIA is a truly broad-based fund that invests in all types of debt, as long as the issuer is located outside of the US. There are no restrictions on exposure to developed or emerging markets, nor on maturity timeframes. All types of debt are eligible for inclusiongovernment, government agencies, and corporate bonds can all be found in the portfolio. Although the fund invests the majority of its assets in investment-grade securities, up to 20% of the portfolio can include high-yield bonds. As a non-diversified fund, FLIA can invest a large portion of its assets in securities from a select number of issuers, the only restriction being issuers should be from at least three different countries. FLIA uses derivatives to supplement its investment strategies. The fund creates and redeems shares for cash, rather than in-kind, which could decrease the tax-efficiency of the portfolio. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty International Aggregate Bond ETF.