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FLDB

$--
--%
1d
1w
1m

Analysis and statistics

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About

FLDB.US refers to the Franklin Liberty International Aggregate Bond ETF. This ETF seeks to track the performance of a broad, market-weighted index of investment-grade sovereign and corporate bonds denominated in currencies other than the U.S. dollar. It provides investors with exposure to a diversified portfolio of international bonds, potentially offering diversification benefits and income opportunities. The fund's holdings are typically comprised of bonds issued by governments, agencies, and corporations in developed and emerging markets, excluding the United States.
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Factors

Here is your answer: Underlying Holdings Performance: FLDB's price heavily relies on the performance of the bonds it holds. Higher bond values increase the ETF's NAV.

Interest Rate Movements: Rising interest rates typically decrease bond prices, affecting FLDB negatively. Falling rates often boost bond values.

Credit Quality of Holdings: Downgrades in the credit ratings of bonds within FLDB can lead to price declines. Upgrades can have the opposite effect.

Supply and Demand: High demand for FLDB can increase its price above NAV. Conversely, high selling pressure can push the price below NAV.

Expense Ratio and Management Fees: While a smaller factor, higher expenses can slightly reduce overall returns compared to similar ETFs.

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