FLGV ETF — Franklin Liberty U.S. Treasury Bond ETF

Franklin Liberty U.S. Treasury Bond ETF (FLGV)

Updated October 16, 2026.

FLGV is a low-cost ETF. its distribution rate is 3.81%, its trailing-12-month yield is 4.27%, its expense ratio is 0.09%. Dividend Vision Distribution Safety Score™ is 88/100 (Safe). Total return is -5.4% over the past 6.3 years, 183.0 points behind SPY at 177.6%.

Franklin Liberty U.S. Treasury Bond ETF is an exchange-traded fund that invests at least 80% of its assets in direct U.S. Treasury obligations, including bonds, bills, notes, and inflation-protected securities (TIPS), typically focusing on securities with one to thirty years remaining to maturity. The fund currently carries a high distribution rate and pays distributions monthly, with an expense ratio of 0.09%. It appeals to fixed-income investors seeking exposure to U.S. government debt at a low cost.

FLGV performance versus SPY

Price and return data through 2026-10-16.

Total return is -5.4% over the past 6.3 years, 183.0 points behind SPY at 177.6%. Over the past year its total return — price change plus distributions reinvested — is -1.8%. Its deepest 1-year drawdown was 4.4%.

FLGV key facts

Distribution Safety Score™

88 · Safe

Safety-Adjusted Yield

3.35%

Issuer

Franklin Templeton

Asset type

ETF

Asset class

Fixed Income

Inception date

06/09/2020

Expense ratio

0.09%

Distribution rate

3.81%

Distribution frequency

Monthly

Trailing yield

4.27%

Last close

$19.62 (as of 2026-10-16)

AUM

$1,159,160,619

Average volume

236322.0

Dividend

$0.06232

Ex-dividend date

10/01/2026

Payment date

10/06/2026

Beta

0.88

How Dividend Vision calculates yield and returns

Distribution rate (3.81%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Franklin Templeton; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLGV risks and drawbacks

FLGV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.4%.

Who may consider FLGV — and who may not

FLGV may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FLGV

• All tickers starting with F

Tagged: Fixed Income, Treasury.

Frequently asked questions

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