Franklin High Yield Corporate ETF (FLHYON) price

FLHYON tracks Franklin High Yield Corporate ETF, a fund that holds bonds, Treasury securities, or loans and pays out the income they generate. Its price moves with interest rates and, for corporate debt and loans, with the credit quality of the borrowers.

Funds holding short-dated debt tend to move little when rates change, while funds holding long-dated bonds can swing sharply. Distributions from the fund are usually reflected in the token rather than paid in cash.

FLHYon is the Ondo Tokenized version of the Franklin High Yield Corporate ETF, giving tokenholders economic exposure similar to holding FLHY and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.

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FLHYON contract address

CZ3FxxSto7tsjkSkqMek1C5p3RCFFmkwKqW57nbondo

Ticker

FLHYON

Issuer

Ondo Finance

Status

Verified

FLHYON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. FLHYON tracks the price of Franklin High Yield Corporate ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping FLHYON, and it does not issue, back, or custody the token.

The price of FLHYON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each FLHYON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

FLHYON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of FLHYON comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for FLHYON is 1.0372. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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