Seeking AlphaT3·28mo ago
FLGV Franklin U.S. Treasury Bond ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FLGV
—
—
Key stats
About
Franklin U.S. Treasury Bond ETF (FLGV) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2020-06-09
- Has Options
- No
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.09% issuer, Oct 22, 2026
- Assets
- $1.2B issuer-reported, Oct 20, 2026
- Trailing yield
- 4.27% paid monthly
- Average daily volume
- $8.6M 30 sessions
- Holdings
- 65 top 10 are 45.0%
- Listed
- Jun 9, 2020 NYSE Arca
- Net asset value
- $19.61 issuer, Oct 21, 2026 · closed +0.00% to NAV
- Median bid/ask spread
- 0.05% 30 days, issuer-reported
- 30-day SEC yield
- 4.79% issuer, Sep 30, 2026
- Return on NAV, 1 year
- −1.9% issuer, through Sep 30, 2026 · 3 years +3.2% a year · 5 years −0.8%
- Distributions, 12 months
- $0.84 a share issuer, through Oct 1, 2026: 100% income
Cost83
Liquidity64
Scale77
Diversification62
Moves with. Long Treasuries (71% of its variance, beta 0.32); High yield over Treasuries (7% of its variance, beta -0.13). These factors explain 85% of its daily moves over the last year.
Stated objective. Income. (from the fund's prospectus)
All 65 holdingsFlow historyOverlap toolAll Treasury (Broad) ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings- Oct 20, 2026
- −$4.9M latest day
- Latest 5 trading days
- −$8.8M
- Year to date
- +$36M
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | −$4.9M |
| Oct 16, 2026 | −$2.0M |
| Oct 15, 2026 | −$2.0M |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | +$45M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$49M latest reported month
- Latest 3 months
- +$30M +2.9% of assets
- Latest 12 months
- +$40M +3.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$49M |
| May 2026 | −$7.1M |
| Apr 2026 | −$11M |
| Mar 2026 | −$56M |
| Feb 2026 | −$19M |
| Jan 2026 | +$8.2M |
| Dec 2025 | +$9.3M |
| Nov 2025 | +$7.2M |
| Oct 2025 | +$2K |
| Sep 2025 | +$18M |
| Aug 2025 | −$2.0M |
| Jul 2025 | +$44M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 73 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| GOVTiShares U.S. Treasury Bond ETF | — | 0.05% | $42.4B | −5.4% | compare |
| VWOBVanguard Emerging Markets Government Bond ETF | — | 0.15% | $6.1B | −5.9% | compare |
| GGOViShares Global Government Bond USD Hedged Active ETF | — | 0.39% | $4.2B | −0.9% | compare |
| XHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETF | — | 0.03% | $1.9B | −0.3% | compare |
| IGOViShares International Treasury Bond ETF | — | 0.35% | $1.3B | −6.0% | compare |
The largest other funds in the Treasury (Broad) category.
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 4 active of 19 with agreements; top 3 did 99%
- Created · redeemed
- $214M · $170M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
65
AUM
$1.2B
Provider
Franklin
Inception
2020-06-09
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.09%
Dividend Yield
4.27%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-06 | $0.0623 | CD |
| 2026-09-01 | 2026-09-04 | $0.0617 | CD |
| 2026-08-03 | 2026-08-06 | $0.0785 | CD |
| 2026-07-01 | 2026-07-07 | $0.0731 | CD |
| 2026-06-01 | 2026-06-04 | $0.0708 | CD |
| 2026-05-01 | 2026-05-06 | $0.0760 | CD |
Asset Allocation
Top Holdings
top 50 of 65 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | US TREASURY N/ 4.375 9/29 | 6.53% | Treasury | US |
| — | US TREASURY N/B 1.25 4/28 | 6.38% | Treasury | US |
| — | US TREASURY N/ 3.875 4/29 | 5.39% | Treasury | US |
| — | US TREASURY N/ 3.75 12/30 | 4.48% | Treasury | US |
| — | US TREASURY N/ 3.125 2/42 | 4.37% | Treasury | US |
| — | US TREASURY N/ 4.125 4/33 | 3.91% | Treasury | US |
| — | STRIPS 0 2/31 | 3.77% | Treasury | US |
| — | US TREASURY N 4.125 10/27 | 3.62% | Treasury | US |
| — | US TREASURY N/ 3.125 5/48 | 3.37% | Treasury | US |
| — | US TREASURY N/B 4.5 8/33 | 3.18% | Treasury | US |
| — | US TREASURY N/ 4.125 6/29 | 3.00% | Treasury | US |
| — | US TREASURY N 4.125 11/32 | 2.47% | Treasury | US |
| — | US TREASURY N/B 4.25 8/29 | 2.47% | Treasury | US |
| — | STRIPS 0 2/29 | 2.35% | Treasury | US |
| — | US TREASURY N/ 1.125 2/28 | 2.21% | Treasury | US |
| — | US TREASURY N/B 3.5 1/30 | 2.07% | Treasury | US |
| — | US TREASURY N/ 3.875 9/29 | 1.99% | Treasury | US |
| — | US TREASURY N/B 4 11/52 | 1.98% | Treasury | US |
| — | US TREASURY N/B 4 11/35 | 1.97% | Treasury | US |
| — | US TREASURY N/ 5.125 8/46 | 1.95% | Treasury | US |
| — | US TREASURY N 1.375 11/31 | 1.82% | Treasury | US |
| — | US TREASURY N/B 4.25 5/35 | 1.77% | Treasury | US |
| — | US TREASURY N/ 4.125 7/29 | 1.67% | Treasury | US |
| — | US TREASURY N/B 5 9/33 | 1.63% | Treasury | US |
| — | US TREASURY N/B 4 3/30 | 1.43% | Treasury | US |
| — | US TREASURY N/ 3.875 8/33 | 1.30% | Treasury | US |
| — | US TREASURY N/ 4.125 8/53 | 1.27% | Treasury | US |
| — | TSY INFL IX N/ 1.625 4/30 | 1.25% | Treasury | US |
| — | US TREASURY N/ 1.875 2/32 | 1.21% | Treasury | US |
| — | US TREASURY N/ 4.625 2/46 | 1.14% | Treasury | US |
| — | US TREASURY N/ 4.625 2/55 | 1.12% | Treasury | US |
| — | US TREASURY N/B 4.75 8/55 | 1.10% | Treasury | US |
| — | US TREASURY N/ 3.875 5/43 | 1.01% | Treasury | US |
| — | IFT - MONEY MARKET PORT | 1.00% | Cash/Money Market | — |
| — | Net Current Assets | 0.91% | Cash/Money Market | — |
| — | US TREASURY N/B 4.75 2/56 | 0.91% | Treasury | US |
| — | US TREASURY N/B 1.25 8/31 | 0.90% | Treasury | US |
| — | US TREASURY N/ 4.125 8/30 | 0.84% | Treasury | US |
| — | TSY INFL IX N/B 1.75 1/34 | 0.84% | Treasury | US |
| — | US TREASURY N/ 5.125 8/56 | 0.76% | Treasury | US |
| — | US TREASURY N/B 5 5/56 | 0.74% | Treasury | US |
| — | US TREASURY N/ 4.375 7/33 | 0.71% | Treasury | US |
| — | US TREASURY N/B 4 1/31 | 0.70% | Treasury | US |
| — | US TREASURY N/B 1.25 9/28 | 0.61% | Treasury | US |
| — | US TREASURY N/B 4.25 3/33 | 0.58% | Treasury | US |
| — | US TREASURY N/B 3.5 1/29 | 0.56% | Treasury | US |
| — | US TREASURY N/ 3.875 4/31 | 0.55% | Treasury | US |
| — | US TREASURY N/ 4.375 2/38 | 0.50% | Treasury | US |
| — | US TREASURY N/B 4.25 7/28 | 0.47% | Treasury | US |
| — | TSY INFL IX N/ 2.125 4/29 | 0.44% | Treasury | US |
Non-Equity Breakdown
Franklin U.S. Treasury Bond ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-27)
Net assets:
$1.04B
· 49 total positions
· equity 0.00%
· non-equity 99.30%
Non-equity holdings
— 49 positions,
99.30% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 98.40% | $1.02B | 48 |
| Short-term investment | 0.90% | $9.3M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.02% | -1.01% | 1.96% | 0.10% | 0.55% | 0.15% | 0.12% |
| Feb | -2.16% | -0.79% | -2.59% | -2.09% | 1.93% | 1.83% | -0.65% |
| Mar | -1.10% | -3.39% | 3.21% | 0.10% | 0.05% | -1.21% | -0.39% |
| Apr | 0.36% | -2.61% | 0.16% | -1.63% | 0.35% | 0.07% | -0.55% |
| May | 0.13% | 0.43% | -0.10% | 1.17% | -0.69% | -0.05% | 0.15% |
| Jun | 0.63% | -0.46% | -0.97% | 0.59% | 1.63% | 0.40% | 0.30% |
| Jul | 1.22% | 1.21% | -0.24% | 2.93% | -0.22% | -0.99% | 0.65% |
| Aug | -0.57% | -2.60% | 0.02% | 0.93% | 0.27% | 0.18% | -0.29% |
| Sep | -1.34% | -2.78% | -1.82% | 0.57% | 0.98% | -2.12% | -1.08% |
| Oct | -0.29% | -2.03% | -0.58% | -2.80% | 0.36% | 1.48%* | -0.64% |
| Nov | 0.67% | 2.34% | 2.58% | 1.24% | 0.75% | -- | 1.52% |
| Dec | -0.86% | -1.77% | 2.16% | -1.85% | -0.39% | -- | -0.54% |
| Total | -4.30% | -12.81% | 3.67% | -0.89% | 5.68% | -0.32% | -1.50% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $19.50
SMA 50: $19.71
SMA 200: $20.18
Current: $19.72
EMA 12: $19.57
EMA 26: $19.59
MACD: -0.0119 | Signal: 0.0417
BEARISH
ADX (14): 19.58
RANGE
+DI: 28.10
−DI: 23.37
Momentum Oscillators
RSI (14): 62.16
NEUTRAL
Stoch %K: 88.56
Stoch %D: 83.08
Williams %R: 0.00
Volume & Volatility
BB Upper: $19.69
BB Lower: $19.31
OVERBOUGHT
OBV: -7,652,938
Vol SMA 20: 538,578
Vol ROC: -90.51%
ATR: $0.08
True Range: $0.11
HV 20: 3.7%
HV 30: 4.4%
HV 60: 4.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: FLGV
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Low volatility, indicating a stable market environment
- Recent news headlines suggest no significant catalysts or sentiment shifts
Primary Risks:
- No earnings data available, making it difficult to assess future performance
- Options activity is also unavailable, limiting insight into institutional sentiment and positioning
Investment Thesis: FLGV's low volatility and neutral recent news sentiment make it an attractive option for traders seeking a stable portfolio addition. However, the lack of earnings data and options activity hinders confidence in this assessment.
Recent News Sentiment Impact: The aggregate sentiment from the last 10 news articles is NEUTRAL, with no single headline contributing significantly to FLGV's price action.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): RANGE-bound, Medium-term (1-3 months): BEARISH, Long-term (3-12 months): NEUTRAL
Support/Resistance Levels:
- Lower band: $19.84
- Middle band: $19.96
- Upper band: $20.08
Momentum Signals:
- RSI: 41.38 (neutral)
- MACD: -0.04 / Signal: -0.01 / Histogram: -0.03 (bearish)
Volume Analysis: Volume SMA 20 is 127890.92, indicating a relatively stable trading environment.
News & Sentiment Analysis
Recent Headlines Summary: No significant or bearish news headlines available within the last 10 articles.
Sentiment Assessment: Aggregate sentiment is NEUTRAL, with no single headline contributing significantly to FLGV's price action.
Catalyst Identification: No upcoming events, earnings, product launches, or regulatory changes identified that could impact FLGV's price.
Market Narrative: The market narrative is driven by FLGV's neutral recent news sentiment and low volatility, making it an attractive option for traders seeking a stable portfolio addition.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.06 (vs SPY)
- Alpha: -0.05
- Correlation: 0.21
- Stock Volatility: 0.04
Interpretation: FLGV's low volatility and beta indicate a stable market environment with limited risk.
Market Context & Positioning
Market Performance: FLGV is trading within its historical range, indicating no significant trends or momentum shifts.
Institutional Activity: No institutional activity data available to assess positioning or interest in FLGV.
Correlation Analysis: FLGV's correlation with the SPY index is 0.21, suggesting a relatively stable relationship between the two assets.
Key Levels & Action Items
Critical Price Levels:
- Lower band: $19.84
- Middle band: $19.96
- Upper band: $20.08
Breakout/Breakdown Levels: No significant breakout or breakdown levels identified due to FLGV's neutral recent news sentiment and low volatility.
Time-Sensitive Catalysts: No upcoming events, earnings, product launches, or regulatory changes identified that could impact FLGV's price.
Risk Management: Monitor volume trends and institutional interest signals for potential shifts in market dynamics. Adjust position sizing accordingly based on these developments.
Generated
News
All FLGV news →
Seeking AlphaT3·34mo ago
Seeking AlphaT3·36mo ago
Seeking AlphaT3·36mo ago
Seeking AlphaT3·38mo ago
Seeking AlphaT3·41mo ago
Seeking AlphaT3·42mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·47mo ago
Seeking AlphaT3·47mo ago
Showing 1–10 of 29
Page 1 of 3
FLGV Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.0875
Alpha: -6.88%
Correlation: 0.2823
R-Squared: 8.0%
Stock Volatility: 3.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
FLGV Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|