FLCBvsLTAXETF Comparison
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Franklin U.S. Core Bond ETF (FLCB) belongs to the US Aggregate Bonds segment. Nomura Tax-Free USA ETF (LTAX) is part of the Municipal Bonds segment. FLCB's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, LTAX's top sector exposures are Municipal. FLCB is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.39% for LTAX. Run a side-by-side ETF comparison of FLCB and LTAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLCB vs LTAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLCB LTAX | -0.55%-1.14% | -2.98%-5.08% | -4.12%n/a | -4.99%n/a | +10.13%n/a | -9.82%n/a |
| Flows | FLCB LTAX | +$103M+$1M | +$182M+$1M | +$486M- | +$496M- | +$1.57B- | +$1.82B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLCB LTAX | +4.39%+6.72% | +4.03%n/a | +5.00%n/a | +5.82%n/a |
| Max drawdown | FLCB LTAX | -4.34%-7.51% | -7.20%n/a | -7.20%n/a | -19.92%n/a |
| Max drawdown duration | FLCB LTAX | 89d92d | 229dn/a | 229dn/a | 1802dn/a |
Trading data
FLCB | LTAX | |
Last sale 10/16/2026 at 1:30 PM | $20.59 | $23.55 |
| Previous close 10/15/2026 | $20.58 | $23.54 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FLCB | LTAX | |
|---|---|---|
| Last price | $20.59 | $23.55 |
| 1D performance | +0.05% | +0.04% |
| AuM | $3.12 B | $7.07 M |
| E/R | 0.15% | 0.39% |
Characteristics
FLCB | LTAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Nomura |
| Benchmark | - | - |
| N° of holdings | 828 | 57 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2019 | January 12, 2026 |
| ESG | No | No |
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Exposure
Countries
FLCB
USA
59.09%
Other
40.91%
LTAX
USA
70.75%
Other
29.25%
Sectors
FLCB
Sovereign
28.18%
Finance
9.96%
Industrials
8.51%
Other
53.35%
LTAX
Municipal
70.75%
Other
29.25%
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Diversification
FLCB
Total weight of top 15 holdings out of 15
19.26%
LTAX
Total weight of top 15 holdings out of 15
27.79%
Top 15 holdings
Data as of August 31, 2026
FLCB
USA, Notes 3.25% 30jun2027, USD (AA-2027)
2.82%
USA, Notes 4.125% 15jul2029, USD (AQ-2029)
2.07%
USA, Notes 1.375% 31dec2028, USD (T-2028)
1.82%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.71%
USA, Notes 4.125% 30apr2033, USD (K-2033)
1.53%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.15%
USA, Bonds 1.375% 15aug2050, USD
1.12%
USA, Notes 4% 31oct2029, USD (R-2029)
1.07%
USA, Bonds 4.75% 15aug2055, USD
0.98%
USA, Notes 0.5% 30jun2027, USD (M-2027)
0.96%
USA, Notes 1.25% 31may2028, USD (L-2028)
0.83%
USA, Bonds 3% 15nov2044, USD
0.82%
USA, Bonds 2% 15nov2041, USD
0.81%
USA, Bonds 3% 15feb2049, USD
0.79%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.77%
LTAX
New York Transitional Finance Authority, 5% 1feb2053, USD (2026)
2.46%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
2.33%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.09%
Puerto Rico, FRN 1nov2043, USD
1.90%
Massachusetts Development Finance Agency, 5% 15feb2034, USD (2026A)
1.83%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD (2024)
1.83%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.73%
US876443WT58
1.72%
Greater Orlando Aviation Authority, 5.25% 1nov2034, USD (2025)
1.72%
US43233KAW45
1.71%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
1.70%
US59335KFV44
1.69%
US63607YEY23
1.69%
New York Municipal Water Finance Authority, 5.25% 15jun2056, USD (2026)
1.69%
Colorado Bridge and Tunnel Enterprise, 5.25% 1dec2054, USD (2025A)
1.69%
Frequently asked questions about FLCB and LTAX
Which ETF is bigger: FLCB or LTAX?
As of October 16, 2026, FLCB holds $3.12 B in assets under management (AUM), while LTAX manages $7.07 M.
What sectors do the FLCB and LTAX ETFs invest in?
FLCB leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, LTAX focuses on Municipal.
What are the top holdings of the FLCB ETF and LTAX ETF?
FLCB top holdings include USA, Notes 3.25% 30jun2027, USD (AA-2027), USA, Notes 4.125% 15jul2029, USD (AQ-2029) and USA, Notes 1.375% 31dec2028, USD (T-2028). LTAX holds in its top three: New York Transitional Finance Authority, 5% 1feb2053, USD (2026), Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD and Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025).
Which ETF is more diversified: FLCB or LTAX?
FLCB holds 1037 securities with 19.26% of its assets in the top 15. LTAX has 86 securities and a top 15 weight of 27.79%.
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