FRUC Stock Discussion
Franklin Liberty USD Investment Grade Corporate Bond UCITS ETF Description
The objective of the Sub-Fund is to provide income from the USD fixed income market while seeking to preserve capital. The Sub-Fund seeks to achieve its investment objective by investing primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign companies. For the avoidance of doubt, investors should note that the Sub-Fund will not seek to track the performance of the Benchmark, rather the Sub-Fund will hold a portfolio of actively selected and managed investments. The Benchmark has been included as a point of reference against which the performance of the SubFund may be measured. The Investment Manager allocates the Sub-Fund?s assets among a range of market sectors and will seek to invest at least 80% of the Sub-Fund?s Net Asset Value in fixed and floating rate investment grade corporate debt securities and investments.
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