YLDEFranklin ClearBridge Enhanced Income ETF
Seeks to provide income and long-term capital appreciation.
By Franklin Templeton Investments · Launched 2017
0.48%
#2,335 of 5,562 · average
$158M
#2,507 of 5,562 · mid-size
6.86%
9 years
#1,561 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 31.6% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to provide income and long-term capital appreciation.
- Strategy
- Actively managed ETF pursuing an enhanced equity income strategy by investing primarily in U.S. large-cap dividend-paying common stocks (selected bottom-up by ClearBridge for quality dividends and dividend growth, may include REITs and foreign issuers via depositary receipts) and overlaying an uncovered index call-writing program managed by Franklin MOST that sells short-dated call options on U.S. large-cap equity indices such as the S&P 500. Targets a 6%-8% annual payout distributed monthly.
- Inception date
- May 22, 2017
- Fund family
- Franklin Templeton Investments
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20