(FLHY) Liberty High Yield Corporate - Overview

ETF Category: High Yield Bond | Exchange: BATS (USA) | Market Cap: 1.163m USD | Total Return: 7.5% in 12m

High Yield Bonds, Corporate Debt, Fixed Income, Emerging Market Debt
Total Rating 47
Safety 70
Buy Signal -0.40
High Yield Bond
Category Rotation: +4.4
TER: 0.40%
AUM: 1.16B
Avg Turnover: 4.33M
Risk 3d forecast
Volatility4.61%
VaR 5th Pctl0.81%
VaR vs Median-2.30%
Reward TTM
Sharpe Ratio0.80
Rel. Str. IBD38.6
Rel. Str. Peer Group84.1
Character TTM
Beta0.182
Beta Downside0.143
Hurst Exponent0.499
Drawdowns 3y
Max DD4.49%
CAGR/Max DD2.05
CAGR/Mean DD19.39

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FLHY Liberty High Yield Corporate

The Franklin Liberty High Yield Corporate ETF (FLHY) primarily invests in high-yield corporate debt, maintaining at least 80% of its net assets in these instruments under normal market conditions. The fund has the flexibility to allocate up to 100% of its portfolio to sub-investment grade securities, commonly referred to as junk bonds, which offer higher yields to compensate for increased credit risk. High-yield issuers often utilize this debt to fund leveraged buyouts, capital expenditures, or debt refinancing when traditional bank financing is unavailable.

The fund’s mandate includes a global scope, allowing for investments in both U.S. and foreign issuers across developed and emerging markets. These holdings may be denominated in U.S. dollars or local currencies, introducing potential foreign exchange risk to the portfolio. Unlike investment-grade bonds, the high-yield sector is more closely correlated with equity market performance and the broader health of the corporate credit cycle. Investors can further evaluate these credit risk profiles by reviewing the latest metrics on ValueRay.

Headlines to Watch Out For
  • Federal Reserve interest rate pivots dictate high yield bond valuation volatility
  • Corporate default rate fluctuations impact underlying portfolio net asset value
  • Credit spread compression or expansion drives total return performance metrics
  • Emerging market sovereign stability influences risk premiums on foreign debt holdings
  • Broad economic growth trends determine high yield issuer debt service capacity
What is the price of FLHY shares?

As of June 07, 2026, the stock is trading at USD 24.14 with a total of 179,052 shares traded.
Over the past week, the price has changed by -0.43%, over one month by -0.10%, over three months by +0.96% and over the past year by +7.49%.

Is FLHY a buy, sell or hold?

Liberty High Yield Corporate has no consensus analysts rating.