Franklin Templeton Launches YCLO, an Actively Managed Investment Grade CLO ETF
Actively managed ETF invests predominantly in investment grade CLO debt tranches across U.S. and European markets
Franklin Templeton, a global investment leader, today announced the launch of the Franklin BSP CLO ETF (YCLO or the Fund), an actively managed CLO ETF designed to seek capital preservation and current income by investing predominantly in investment grade collateralized loan obligation (CLO) debt tranches across U.S. and European markets.
The Fund is managed by Franklin Advisers, Inc., with sub-advisory services provided by Benefit Street Partners (BSP), Franklin Templeton’s alternative credit specialist investment manager.
The Fund draws on the scale and depth of BSP’s Structured Credit platform, which was founded in 2009 and manages over $9 billion of AUM. The strategy is led by Cathy Bevan and Brandon Chao, who each have more than 20 years of industry experience and have worked together for nearly a decade. The team invests using rigorous credit underwriting, portfolio construction, and active risk management.
