ETF Evaluator:
Franklin International Aggregate Bd ETF ()
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(as of Aug 26)
Best Performing in Global Bond-USD Hedged Over the Last Year
| 3.5% | JPMorgan International Bond Opps ETF (JPIB) |
| 3.3% | iShares Global Govt Bd USD Hdg Act ETF (GGOV) |
| 3.3% | Dimensional Global Credit ETF (DGCB) |
| 3.2% | Avantis Credit ETF (AVGB) |
| 3.1% | Dimensional Global Core Pls Fxd Inc ETF (DFGP) |
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Risk
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ETF Details
Franklin International Aggregate Bd ETF Overview
Franklin International Aggregate Bd ETF (FLIA) is an actively managed Taxable Bond Global Bond-USD Hedged exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2018.
The investment seeks total investment return, consistent with prudent investing, consisting of a combination of interest income and capital appreciation.
Under normal market conditions, the fund invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. Bonds include debt obligations of any maturity, such as bonds, notes, bills and debentures. The fund invests predominantly in fixed and floating-rate bonds issued by governments, government agencies and governmental-related or corporate issuers located outside the U.S. It is non-diversified.
About Franklin International Aggregate Bd ETF (FLIA)
There are 6 members of the management team with an average tenure of 5.01 years: Michael Salm (2026), Patrick Klein (2019), Sonal Desai (2019), Sameer Kackar (2026), John Beck (2018) and David Zahn (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and Bloomberg Gbl Agg Ex USD TR Hdg USD index with a weighting of 100%. Franklin International Aggregate Bd ETF has 102 securities in its portfolio. The top 10 holdings constitute 30.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Franklin International Aggregate Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Franklin International Aggregate Bd ETF has 88.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.3% (2.2% domestic bond, 88.1% foreign bond and 0.0% convertible bond). Franklin International Aggregate Bd ETF has 9.7% of the portfolio in cash.
Assets Under Management
The fund has $766 million in total assets, which is below the $7 billion average for the Global Bond-USD Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLIA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin International Aggregate Bd ETF expense ratio is below average compared to funds in the Global Bond-USD Hedged category. Franklin International Aggregate Bd ETF has an expense ratio of 0.25%, which is 8% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin International Aggregate Bd ETF has a portfolio turnover rate of 32%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Global Bond-USD Hedged category.
Recently, in the month of July 2026, Franklin International Aggregate Bd ETF returned -0.7%, which earned it a grade of A, as the Global Bond-USD Hedged category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Franklin International Aggregate Bd ETF has a trailing yield of 2.80%, which is below the 4.09% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin International Aggregate Bd ETF Grades
Year to date, the ETF has returned 1.0%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 2.0% over the past year (grade of D), 3.5% over the past three years (grade of F) and 0.7% per year over the past five years (grade of B).
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FLIA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLIA Return (NAV) | -0.7% | 0.7% | 2.0% | 3.5% | 0.7% | na |
| FLIA Return (Price) | -0.8% | 0.4% | 1.8% | 3.3% | 0.6% | na |
| NAV +/- Price Return | 0.094% | 0.345% | 0.204% | 0.120% | 0.053% | na |
| Global Bond-USD Hedged Avg | -1.1% | 0.3% | 2.4% | 4.3% | 0.6% | 1.7% |
| FLIA Grade (NAV) | A | A | D | F | B | na |
| +/- Category (NAV) | 0.4% | 0.5% | -0.5% | -0.8% | 0.1% | na |
| FLIA Tax-Cost Ratio | na | na | 1.1% | 0.9% | 2.0% | na |
FLIA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLIA Return (NAV) | 1.0% | 2.4% | 2.9% | 6.4% | -7.4% | -2.0% | 1.3% | 7.7% | na | na | na |
| FLIA Return (Price) | 0.9% | 2.1% | 2.4% | 7.2% | -7.6% | -2.0% | 1.4% | 7.6% | na | na | na |
| NAV +/- Price Ret | -0.115% | -0.100% | -0.170% | 0.129% | 0.033% | 0.012% | 0.044% | -1.2% | na | na | na |
| Global Bond-USD Hedged Avg | 0.5% | 5.0% | 3.6% | 7.8% | -10.5% | -1.7% | 4.9% | 8.7% | 1.4% | 2.5% | 4.8% |
| FLIA Grade (NAV) | A | F | D | F | B | C | F | F | na | na | na |
| +/- Category | 0.5% | -2.6% | -0.7% | -1.4% | 3.1% | -0.3% | -3.6% | -1.0% | na | na | na |
| Risk Measures | |
| Beta: | 0.47 |
| R-Squared: | 67% |
| Standard Deviation: | 3.2% |
| Category Risk Index: | 0.77 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.26 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 2.8% |
| Total Assets: | $ 766 Mil |
| Share Class Assets: | $ 766 Mil |
| Turnover: | 32.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | Bloomberg Global Aggregate TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 8.2 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Beck John (2018), Desai Sonal (2019), Klein Patrick (2019), Zahn David (2019), Salm Michael (2026), Kackar Sameer (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 102 |
| % in Top 10 Holdings: | 30.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 88.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 2.2% |
| Foreign Bond: | 88.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 9.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | May 30, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.23% |
