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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$39.97

$35.3 M

1.55%

$0.62

0.35%

Vitals

YTD Return

3.2%

1 yr return

12.3%

3 Yr Avg Return

3.4%

5 Yr Avg Return

9.0%

Net Assets

$35.3 M

Holdings in Top 10

11.0%

52 WEEK LOW AND HIGH

$39.6
$32.33
$40.61

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.64%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$39.97

$35.3 M

1.55%

$0.62

0.35%

FLQS - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 9.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Franklin U.S. Small Cap Multifactor Index ETF
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Apr 28, 2017
  • Shares Outstanding
    450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dina Ting

Fund Description

Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the U.S. Small Cap Underlying Index. The U.S. Small Cap Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by FTSE Russell. The U.S. Small Cap Underlying Index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton’s desired investment strategy. The Russell 2000® Index is a subset of the Russell 3000® Index and is designed to measure the performance of small capitalization stocks in the United States. It includes approximately 2000 of the smallest issuers in the Russell 3000® Index.

The U.S. Small Cap Underlying Index seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell 2000® Index over the long term by applying a multi-factor selection process, which is designed to select equity securities from the Russell 2000® Index that have favorable exposure to four investment style factors – quality, value, momentum and low volatility. Factors are common characteristics that relate to a group of issuers or securities that are important in explaining the returns and risks of those issuers’ securities. The “quality” factor incorporates measurements such as return on equity, gross profit over assets and gross margin sustainability. The “value” factor incorporates measurements such as forward earnings yield, EBITDA to enterprise value, price to book value and dividend yield. The “momentum” factor incorporates measurements such as 6-month risk adjusted price momentum and 12-month risk-adjusted price momentum. The “low volatility” factor incorporates measurements such as historical beta (i.e., a measure of the volatility of a security relative to the total market).

At the time of each semi-annual reconstitution of the U.S. Small Cap Underlying Index, no company shall comprise more than 1% of the U.S. Small Cap Underlying Index. The U.S. Small Cap Underlying Index is also constrained in its construction to limit turnover of constituent securities at each semi-annual reconstitution. As of May 31, 2023, the U.S. Small Cap Underlying Index was comprised of 480 securities with capitalizations ranging from $40 million to $7.85 billion.

The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the U.S. Small Cap Underlying Index. The Fund may use either a replication strategy or representative sampling strategy. Under a replication strategy, the Fund will replicate the component securities of the U.S. Small Cap Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the U.S. Small Cap Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the U.S. Small Cap Underlying Index. In these circumstances, the Fund may use a “representative sampling” strategy whereby the Fund would invest in what it believes to be a representative sample of the component securities of the U.S. Small Cap Underlying Index, but may not track the U.S. Small Cap Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire U.S. Small Cap Underlying Index. Under the representative sampling technique, the investment manager will select securities that collectively have an investment profile similar to that of the U.S. Small Cap Underlying Index, including securities that resemble those included in the U.S. Small Cap Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund’s portfolio is reconstituted semi-annually following the semi-annual reconstitution of the U.S. Small Cap Underlying Index.

The Fund may invest in equity futures (including equity index futures) and equity total return swaps to provide additional opportunities to add value and better track the performance of the Fund’s Underlying Index, such as to equitize cash and accrued income (i.e., gain equity market exposure and maintain liquidity until the Fund invests in individual securities), simulate investments in the Underlying Index, facilitate trading or minimize transaction costs.

The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the U.S. Small Cap Underlying Index is concentrated.

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FLQS - Performance

Return Ranking - Trailing

Period FLQS Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -7.4% 26.6% 79.96%
1 Yr 12.3% -13.6% 37.7% 34.51%
3 Yr 3.4%* -9.2% 42.1% 35.23%
5 Yr 9.0%* -13.6% 32.7% 39.80%
10 Yr N/A* -3.1% 17.2% 50.39%

* Annualized

Return Ranking - Calendar

Period FLQS Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% -19.9% 29.0% 9.87%
2022 -18.0% -59.3% 118.2% 29.03%
2021 25.4% -31.6% 39.3% 8.00%
2020 9.0% -51.0% 39.5% 59.10%
2019 16.6% -5.6% 37.8% 76.53%

Total Return Ranking - Trailing

Period FLQS Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -7.4% 26.6% 79.96%
1 Yr 12.3% -13.6% 37.7% 34.51%
3 Yr 3.4%* -9.2% 42.1% 35.23%
5 Yr 9.0%* -13.6% 32.7% 39.80%
10 Yr N/A* -3.1% 17.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FLQS Return Category Return Low Category Return High Rank in Category (%)
2023 20.9% -11.7% 31.8% 10.06%
2022 -16.9% -45.2% 123.7% 54.49%
2021 26.6% 0.0% 47.7% 27.24%
2020 10.5% -50.5% 46.9% 64.58%
2019 18.3% 2.1% 43.7% 93.27%

FLQS - Holdings

Concentration Analysis

FLQS Category Low Category High FLQS % Rank
Net Assets 35.3 M 529 K 145 B 93.52%
Number of Holdings 491 2 2433 25.37%
Net Assets in Top 10 4 M 120 K 10.3 B 97.04%
Weighting of Top 10 10.96% 3.5% 100.1% 73.79%

Top 10 Holdings

  1. MicroStrategy Inc 1.39%
  2. Comfort Systems USA Inc 1.36%
  3. elf Beauty Inc 1.34%
  4. Simpson Manufacturing Co Inc 1.08%
  5. Applied Industrial Technologies Inc 1.08%
  6. Sprouts Farmers Market Inc 0.96%
  7. Chord Energy Corp 0.95%
  8. BellRing Brands Inc 0.95%
  9. UFP Industries Inc 0.94%
  10. SPS Commerce Inc 0.91%

Asset Allocation

Weighting Return Low Return High FLQS % Rank
Stocks
100.18% 2.52% 106.73% 0.93%
Cash
0.46% 0.00% 42.16% 84.07%
Other
0.00% -0.24% 36.28% 38.33%
Preferred Stocks
0.00% 0.00% 8.35% 12.04%
Convertible Bonds
0.00% 0.00% 3.17% 11.50%
Bonds
0.00% -1.96% 82.35% 17.22%

Stock Sector Breakdown

Weighting Return Low Return High FLQS % Rank
Industrials
20.28% 2.46% 37.42% 23.22%
Consumer Cyclical
16.97% 0.99% 47.79% 5.62%
Technology
13.35% 0.00% 54.70% 61.80%
Financial Services
9.75% 0.00% 35.52% 94.76%
Healthcare
8.95% 0.00% 26.53% 81.27%
Consumer Defense
7.45% 0.00% 18.87% 7.87%
Real Estate
7.18% 0.00% 29.43% 51.31%
Utilities
5.98% 0.00% 18.58% 4.87%
Communication Services
4.68% 0.00% 14.85% 9.55%
Basic Materials
4.12% 0.00% 18.66% 62.36%
Energy
1.29% 0.00% 37.72% 88.20%

Stock Geographic Breakdown

Weighting Return Low Return High FLQS % Rank
US
100.18% 2.52% 106.73% 0.93%
Non US
0.00% 0.00% 91.59% 24.26%

FLQS - Expenses

Operational Fees

FLQS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 38.30% 88.66%
Management Fee 0.35% 0.00% 1.50% 16.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.45% 26.19%

Sales Fees

FLQS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FLQS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLQS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.64% 1.00% 314.00% 26.82%

FLQS - Distributions

Dividend Yield Analysis

FLQS Category Low Category High FLQS % Rank
Dividend Yield 1.55% 0.00% 42.47% 32.59%

Dividend Distribution Analysis

FLQS Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

FLQS Category Low Category High FLQS % Rank
Net Income Ratio 1.00% -2.40% 2.49% 12.73%

Capital Gain Distribution Analysis

FLQS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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FLQS - Fund Manager Analysis

Managers

Dina Ting


Start Date

Tenure

Tenure Rank

Apr 26, 2017

5.1

5.1%

Ms. Ting joined Franklin Templeton Investments in 2015. Prior to joining Franklin Templeton Investments, she was a senior portfolio manager at BlackRock.

Hailey Harris


Start Date

Tenure

Tenure Rank

Dec 02, 2019

2.5

2.5%

Ms. Harris joined Franklin Templeton in 2018. Hailey Harris joined the Global X Management Company in April 2015 as a Portfolio Management Associate. Previously, Ms. Harris was a Senior Analyst, Portfolio Management at ProShare Advisors, LLC from 2011 through 2015 and a Client Operations Associate at Cambridge Associates, LLC from 2010 through 2011. Ms. Harris received her Bachelor of Science from the University of Maryland in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.12 2.58