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The fund seeks to provide a high level of current income with a secondary goal of preservation of capital. The fund invests at least 80% of its net assets in senior loans and investments that provide exposure to senior loans. Proprietary investment approach assesses the investable universe across two key dimensions probability of default and loss given default. The fund is actively managed by a dedicated, experienced investment team that has been investing in floating rate loans since 1997 through various credit cycles.
Franklin Senior Loan ETF trades on the BATS stock market under the symbol FLBL.
As of April 10, 2026, FLBL stock price declined to $22.95 with 138,290 million shares trading.
FLBL has a beta of 0.14, meaning it tends to be less sensitive to market movements. FLBL has a correlation of 0.27 to the broad based SPY ETF.
FLBL has a market cap of $811.28 million. This is considered a Small Cap stock.
In the last 3 years, FLBL traded as high as $24.51 and as low as $22.57.
FLBL has underperformed the market in the last year with a price return of +5.1% while the SPY ETF gained +30.9%. However, in the short term, FLBL had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.7% vs -1.8% return in SPY. But in the last 2 weeks, FLBL shares have been beat by the market, returning +0.9% compared to an SPY return of +7.2%.
FLBL support price is $22.95 and resistance is $23.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLBL shares will trade within this expected range on the day.