ETF Research

MULT: Franklin Multisector Income ETF

Generated from StockValueFinder data · Updated Oct 12, 2026 2:04 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

What this ETF is trying to do

The Franklin Multisector Income ETF (MULT) is designed to provide income to investors. It does this by holding a variety of different assets. Based on its Top Holdings, the fund invests in things like United States Treasury Notes, money market funds, and government bonds from countries like Brazil, Turkey, and Peru.

What the numbers show

As of October 9, 2026, the share price was $24.39. To understand how the fund has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The one-year price return was -3.18%, and the year-to-date (YTD) price return was -3.68%.

• Total Return: This measures the overall return, including the cash distributions paid to investors. The one-year total return was 1.56%, and the YTD total return was -0.19%.

For example, if you had invested $10,000 based on the estimated price from roughly one year ago ($25.19), the price-only decline of -3.18% would mean the value of those shares alone would be approximately $9,682.

Income and distribution explanation

This ETF usually pays out distributions monthly. Over the last 12 months, it made 11 payouts. The distribution yield is 4.91%.

It is important for beginners to know that a high distribution yield alone can be misleading. While these payments provide cash income, they do not guarantee that the original money you invested (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can lead to a falling share price. StockValueFinder uses an erosion-risk score to measure this.

MULT has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. Additionally, the severe erosion-risk flag is false, meaning the fund's price trend and score did not trigger a severe warning.

Pros

• Income Generation: The fund provides regular monthly cash distributions.

• Stability: The erosion-risk score suggests the fund's price has been relatively stable or sideways.

• Diversification: The fund holds 183 different assets across various sectors and countries.

Cons

• Negative Price Return: The share price has declined both year-to-date and over the last year.

• Mixed Returns: While the one-year total return was positive, the YTD total return is slightly negative.

Beginner takeaway

The Franklin Multisector Income ETF is a tool for investors seeking regular income. While the share price has dropped slightly over the last year, the total return (which includes cash payouts) remained positive for that period. Always remember that receiving cash distributions is different from the share price going up.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

183 holdings available
# Holding Ticker Weight
1 UNITED STATES TREASURY NOTES 4.06667% n/a 27.83%
2 RECV IRSUSD3.58 27-09-1 n/a 14.23%
3 RECV IBXXLLTRSOFRINDX202 n/a 8.49%
4 FRANKLIN IFT MONEY MARKET INFXX 3.79%
5 n/a n/a 1.98%
6 ROCKFORD TOWER CLO 2021-2R FRN 0.20588% n/a 1.98%
7 TRINITAS CLO XVII LTD / TRINITAS CLO FRN n/a 1.98%
8 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION n/a 1.53%
9 BRAZIL (FEDERATIVE REPUBLIC) 8.25% n/a 1.15%
10 TURKEY (REPUBLIC OF) 11.875% n/a 1.15%
Show all 183 holdings
1. UNITED STATES TREASURY NOTES 4.06667% n/a 27.83%
2. RECV IRSUSD3.58 27-09-1 n/a 14.23%
3. RECV IBXXLLTRSOFRINDX202 n/a 8.49%
4. FRANKLIN IFT MONEY MARKET INFXX 3.79%
5. n/a n/a 1.98%
6. ROCKFORD TOWER CLO 2021-2R FRN 0.20588% n/a 1.98%
7. TRINITAS CLO XVII LTD / TRINITAS CLO FRN n/a 1.98%
8. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION n/a 1.53%
9. BRAZIL (FEDERATIVE REPUBLIC) 8.25% n/a 1.15%
10. TURKEY (REPUBLIC OF) 11.875% n/a 1.15%
11. RECV IRSUSD3.63 30-09-1 n/a 1.14%
12. PERU (REPUBLIC OF) 2.783% n/a 1.10%
13. ROMANIA (REPUBLIC OF) 7.125% n/a 1.06%
14. PHILIPPINES (REPUBLIC OF) 9.5% n/a 0.96%
15. ECOPETROL S.A. 6.875% n/a 0.95%
16. n/a n/a 0.93%
17. PANAMA (REPUBLIC OF) 9.375% n/a 0.90%
18. PETROLEOS MEXICANOS SA DE CV 6.7% n/a 0.86%
19. MEXICO (UNITED MEXICAN STATES) 6.75% n/a 0.79%
20. n/a n/a 0.78%
21. RCO VII MORTGAGE LLC 2025-3 0.16667% n/a 0.76%
22. PRET 2025-NPL4 LLC 0.07273% n/a 0.75%
23. FEDERAL NATIONAL MORTGAGE ASSOCIATION n/a 0.74%
24. THE BOEING COMPANY 6.298% n/a 0.74%
25. NABORS INDUSTRIES, INC. 8.875% n/a 0.45%
26. CLEAR CHANNEL OUTDOOR HOLDINGS INC. 7.5% n/a 0.44%
27. HILTON DOMESTIC OPERATING CO INC. 5.75% n/a 0.44%
28. SINCLAIR TELEVISION GROUP, INC. 8.125% n/a 0.44%
29. THE BOEING COMPANY 3.75% n/a 0.44%
30. CARNIVAL CORPORATION 5.75% n/a 0.43%
31. CRESCENT ENERGY FINANCE LLC 8.375% n/a 0.43%
32. ENERGY TRANSFER LP 6.625% n/a 0.43%
33. FRONERI U 08/31/32 n/a 0.43%
34. n/a n/a 0.43%
35. n/a n/a 0.43%
36. n/a n/a 0.43%
37. NEWELL BRANDS INC. 6.375% n/a 0.43%
38. NOVELIS CORPORATION 6.375% n/a 0.43%
39. VENTURE GLOBAL LNG INC. 9.875% n/a 0.43%
40. ATI INC 5.125% n/a 0.42%
41. BOMBARDIER INC. 7.25% n/a 0.42%
42. BUILDERS FIRSTSOURCE, INC. 6.75% n/a 0.42%
43. CONNECT FINCO 09/27/29 n/a 0.42%
44. ENDO FINANCE HOLDINGS INC. 8.5% n/a 0.42%
45. FORTRESS INTERMEDIATE 3 INC. 7.5% n/a 0.42%
46. JEFFERSON CAPITAL HOLDINGS LLC 8.25% n/a 0.42%
47. n/a n/a 0.42%
48. n/a n/a 0.42%
49. NEXSTAR MEDIA INC. 4.75% n/a 0.42%
50. ONESKY FLIGHT LLC 8.875% n/a 0.42%
51. PRA GROUP INC. 8.875% n/a 0.42%
52. RITCHIE BROS. HOLDINGS INC 7.75% n/a 0.42%
53. SIRIUS XM RADIO INC 3.875% n/a 0.42%
54. UNIVISION COMMUNICATIONS INC. 9.375% n/a 0.42%
55. ARCELORMITTAL S.A. n/a 0.41%
56. BATH & BODY WORKS INC 6.875% n/a 0.41%
57. CONCENTRA HEALTH SERVICES INC. 6.875% n/a 0.41%
58. DAVITA INC 6.875% n/a 0.41%
59. FIRSTCASH INC 6.875% n/a 0.41%
60. INSULET CORPORATION 6.5% n/a 0.41%
61. IRON MOUNTAIN INC. 6.25% n/a 0.41%
62. KODIAK GAS SERVICES LLC 7.25% n/a 0.41%
63. MCGRAW-HILL EDUCATION INC. 7.375% n/a 0.41%
64. n/a n/a 0.41%
65. n/a n/a 0.41%
66. n/a n/a 0.41%
67. n/a n/a 0.41%
68. n/a n/a 0.41%
69. n/a n/a 0.41%
70. n/a n/a 0.41%
71. n/a n/a 0.41%
72. n/a n/a 0.41%
73. n/a n/a 0.41%
74. NRG ENERGY, INC. 6.25% n/a 0.41%
75. ONEMAIN FINANCIAL CORPORATION 7.125% n/a 0.41%
76. OSAIC HOLDINGS INC. 6.75% n/a 0.41%
77. QNITY ELECTRONICS INC. 6.25% n/a 0.41%
78. QUIKRETE HOLDINGS INC 6.75% n/a 0.41%
79. QXO BUILDING PRODUCTS INC. 6.75% n/a 0.41%
80. STANDARD BUILDING SOLUTIONS INC. 6.25% n/a 0.41%
81. TRANSDIGM, INC. 6.75% n/a 0.41%
82. TRANSOCEAN TITAN FINANCING LTD. 8.375% n/a 0.41%
83. TTM TECHNOLOGIES INC 4.10345% n/a 0.41%
84. UKG INC. 6.875% n/a 0.41%
85. WASTE PRO USA INC 7.06061% n/a 0.41%
86. WAYFAIR LLC 7.75% n/a 0.41%
87. WESCO DISTRIBUTION, INC. 6.625% n/a 0.41%
88. WRANGLER HOLDCO CORP. 6.625% n/a 0.41%
89. AVIENT CORPORATION 6.25% n/a 0.40%
90. KINETIK HOLDINGS LP 5.875% n/a 0.40%
91. n/a n/a 0.40%
92. n/a n/a 0.40%
93. n/a n/a 0.40%
94. R.R. DONNELLEY & SONS CO. 9.5% n/a 0.40%
95. TENET HEALTHCARE CORPORATION 6.125% n/a 0.40%
96. BULGARIA (REPUBLIC OF) 5.08108% n/a 0.39%
97. GHANA (REPUBLIC OF) 0.2% n/a 0.39%
98. JPM CASH BAL USD n/a 0.37%
99. BROADCOM INC 4.75% n/a 0.26%
100. MACQUARIE AIRFINANCE HOLDINGS LTD 6.4% n/a 0.26%
101. 7-ELEVEN INC. 1.3% n/a 0.25%
102. ABBVIE INC. 4.8% n/a 0.25%
103. AMERICAN TOWER CORPORATION 3.55% n/a 0.25%
104. AMGEN INC. 5.15% n/a 0.25%
105. ATHENE GLOBAL FUNDING 5.349% n/a 0.25%
106. ATLASSIAN CORPORATION 5.25% n/a 0.25%
107. BANK OF AMERICA CORP. 3.194% n/a 0.25%
108. CARNIVAL CORPORATION 4.28571% n/a 0.25%
109. CITIGROUP INC. 4.542% n/a 0.25%
110. HOWMET AEROSPACE INC 3.03448% n/a 0.25%
111. JPMORGAN CHASE & CO. 4.603% n/a 0.25%
112. KELLANOVA 7.45% n/a 0.25%
113. MORGAN STANLEY 4.654% n/a 0.25%
114. n/a n/a 0.25%
115. PHILIP MORRIS INTERNATIONAL INC. 4.625% n/a 0.25%
116. REPUBLIC SERVICES, INC. n/a 0.25%
117. ROGERS COMMUNICATIONS INC. 5.06897% n/a 0.25%
118. ROYALTY PHARMA PLC 5.15% n/a 0.25%
119. SOUTHERN CO. 5.5% n/a 0.25%
120. SPRINT CAPITAL CORPORATION 6.875% n/a 0.25%
121. SYNOPSYS INC 4.85% n/a 0.25%
122. T-MOBILE USA, INC. 4.95% n/a 0.25%
123. THE BOEING COMPANY 2.95% n/a 0.25%
124. VERIZON COMMUNICATIONS INC. 2.1% n/a 0.25%
125. VICI PROPERTIES INC 3.75% n/a 0.25%
126. VISTRA OPERATIONS CO LLC 4.3% n/a 0.25%
127. WASTE MANAGEMENT, INC. 4.875% n/a 0.25%
128. WELLS FARGO & CO. 5.574% n/a 0.25%
129. ZOETIS INC. 3.33333% n/a 0.25%
130. ARES CAPITAL CORP. 7.03704% n/a 0.24%
131. AS MILEAGE PLAN IP LTD. 5.021% n/a 0.24%
132. AMERICAN EXPRESS COMPANY 5.098% n/a 0.13%
133. AT&T INC 4.1% n/a 0.13%
134. AVOLON HOLDINGS FUNDING LTD. 4.9% n/a 0.13%
135. BROWN & BROWN INC 4.7% n/a 0.13%
136. BROWN & BROWN INC 4.9% n/a 0.13%
137. CHENIERE ENERGY PARTNERS LP 4.5% n/a 0.13%
138. CVS HEALTH CORP 5.28125% n/a 0.13%
139. EQUINIX, INC. 3.2% n/a 0.13%
140. FAIRFAX FINANCIAL HOLDINGS LIMITED 4.85% n/a 0.13%
141. HEWLETT PACKARD ENTERPRISE CO. 4.55% n/a 0.13%
142. ILLUMINA INC 4.65% n/a 0.13%
143. INTERCONTINENTAL EXCHANGE INC 4.33333% n/a 0.13%
144. LPL HOLDINGS INC. 6.75% n/a 0.13%
145. MARS INC. 4.6% n/a 0.13%
146. MARVELL TECHNOLOGY INC 4.75% n/a 0.13%
147. MOTOROLA SOLUTIONS INC 2.3% n/a 0.13%
148. MSCI INC. 3.625% n/a 0.13%
149. n/a n/a 0.13%
150. PVH CORP. 5.5% n/a 0.13%
151. VIATRIS INC 2.3% n/a 0.13%
152. VIPER ENERGY PARTNERS LLC 4.9% n/a 0.13%
153. AES CORP. 5.45% n/a 0.12%
154. ALLY FINANCIAL INC. 2.2% n/a 0.12%
155. AVOLON HOLDINGS FUNDING LTD. 5.75% n/a 0.12%
156. BERRY GLOBAL INC 1.65% n/a 0.12%
157. BLACKSTONE PRIVATE CREDIT FUND 3.25% n/a 0.12%
158. BRISTOL-MYERS SQUIBB COMPANY 4.9% n/a 0.12%
159. BUNGE LIMITED FINANCE CORP. 3.2% n/a 0.12%
160. CASH n/a 0.12%
161. CONSTELLATION ENERGY GENERATION LLC 5.6% n/a 0.12%
162. CROWN CASTLE INC. 4.9% n/a 0.12%
163. ENERGY TRANSFER LP 5.5% n/a 0.12%
164. EVERSOURCE ENERGY 5.45% n/a 0.12%
165. GALLAGHER AJ &CO 4.85% n/a 0.12%
166. GLENCORE FUNDING LLC 4.11111% n/a 0.12%
167. GLOBAL PAYMENTS INC 2.15% n/a 0.12%
168. HCA INC. 4.125% n/a 0.12%
169. INTEL CORPORATION 2.45% n/a 0.12%
170. IPALCO ENTERPRISES INC. 4.25% n/a 0.12%
171. KINDER MORGAN, INC. 5.06897% n/a 0.12%
172. LPL HOLDINGS INC. 5.2% n/a 0.12%
173. n/a n/a 0.12%
174. NASDAQ INC 5.35% n/a 0.12%
175. NEWS CORPORATION 5.125% n/a 0.12%
176. OCCIDENTAL PETROLEUM CORP. 8.5% n/a 0.12%
177. PACIFIC GAS AND ELECTRIC COMPANY 6.1% n/a 0.12%
178. ROYAL CARIBBEAN GROUP 5.5% n/a 0.12%
179. S&P GLOBAL INC 4.75% n/a 0.12%
180. GUARDIAN INS & ANNUITY CO INC - n/a 0.00%
181. PAYB IBXXLLTRSOFRINDX202 n/a -0.08%
182. PAYB IRSUSD3.58 27-09-1 n/a -0.14%
183. PAYB IRSUSD3.63 30-09-1 n/a -1.13%
Holdings data last updated Oct 11, 2026 4:25 AM . Provider-reported weights may not sum exactly to 100%.
Scroll to Top