Franklin U.S. Small Cap Multifactor Index ETF
Name
As of 10/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.3%
1 yr return
29.9%
3 Yr Avg Return
3.5%
5 Yr Avg Return
9.6%
Net Assets
$35.3 M
Holdings in Top 10
11.6%
52 WEEK LOW AND HIGH
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 10/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLQS - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 9.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.00%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFranklin U.S. Small Cap Multifactor Index ETF
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateApr 28, 2017
-
Shares Outstanding450000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDina 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, cash return on 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, 2024, the U.S. Small Cap Underlying Index was comprised of 488 securities with capitalizations ranging from $45 million to $26.9 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.
FLQS - Performance
Return Ranking - Trailing
Period | FLQS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -16.4% | 33.0% | 90.77% |
1 Yr | 29.9% | -1.8% | 53.4% | 79.66% |
3 Yr | 3.5%* | -12.3% | 43.3% | 40.15% |
5 Yr | 9.6%* | -11.9% | 35.0% | 55.29% |
10 Yr | N/A* | -2.2% | 18.8% | 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% | 9.83% |
2022 | -18.0% | -59.3% | 118.2% | 29.47% |
2021 | 25.4% | -31.6% | 39.3% | 7.92% |
2020 | 9.0% | -51.0% | 39.5% | 58.81% |
2019 | 16.6% | -5.6% | 37.8% | 76.24% |
Total Return Ranking - Trailing
Period | FLQS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -16.4% | 33.0% | 90.77% |
1 Yr | 29.9% | -1.8% | 53.4% | 79.66% |
3 Yr | 3.5%* | -12.3% | 43.3% | 40.15% |
5 Yr | 9.6%* | -11.9% | 35.0% | 55.29% |
10 Yr | N/A* | -2.2% | 18.8% | 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% | 10.02% |
2022 | -16.9% | -45.2% | 123.7% | 54.75% |
2021 | 26.6% | 0.0% | 47.7% | 27.61% |
2020 | 10.5% | -50.5% | 46.9% | 64.36% |
2019 | 18.3% | 2.1% | 40.9% | 93.18% |
FLQS - Holdings
Concentration Analysis
FLQS | Category Low | Category High | FLQS % Rank | |
---|---|---|---|---|
Net Assets | 35.3 M | 529 K | 145 B | 93.98% |
Number of Holdings | 484 | 2 | 2445 | 29.32% |
Net Assets in Top 10 | 4.97 M | 120 K | 9.87 B | 96.05% |
Weighting of Top 10 | 11.62% | 3.5% | 100.1% | 72.64% |
Top 10 Holdings
- elf Beauty Inc 1.52%
- Comfort Systems USA Inc 1.36%
- Abercrombie Fitch Co 1.34%
- Sprouts Farmers Market Inc 1.31%
- MicroStrategy Inc 1.17%
- Applied Industrial Technologies Inc 1.12%
- SPS Commerce Inc 0.98%
- BellRing Brands Inc 0.96%
- Chord Energy Corp 0.93%
- Simpson Manufacturing Co Inc 0.93%
Asset Allocation
Weighting | Return Low | Return High | FLQS % Rank | |
---|---|---|---|---|
Stocks | 99.98% | 7.51% | 107.74% | 3.01% |
Cash | 0.70% | 0.00% | 42.24% | 71.99% |
Preferred Stocks | 0.00% | 0.00% | 6.06% | 52.82% |
Other | 0.00% | -0.07% | 49.08% | 70.49% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 52.73% |
Bonds | 0.00% | 0.00% | 87.66% | 56.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FLQS % Rank | |
---|---|---|---|---|
Industrials | 20.28% | 2.46% | 37.42% | 23.57% |
Consumer Cyclical | 16.97% | 0.99% | 47.79% | 5.51% |
Technology | 13.35% | 0.00% | 43.95% | 61.41% |
Financial Services | 9.75% | 0.00% | 35.52% | 94.87% |
Healthcare | 8.95% | 0.00% | 26.53% | 81.37% |
Consumer Defense | 7.45% | 0.00% | 18.87% | 7.98% |
Real Estate | 7.18% | 0.00% | 29.43% | 51.90% |
Utilities | 5.98% | 0.00% | 18.58% | 4.94% |
Communication Services | 4.68% | 0.00% | 14.85% | 9.13% |
Basic Materials | 4.12% | 0.00% | 18.66% | 62.36% |
Energy | 1.29% | 0.00% | 37.72% | 88.21% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FLQS % Rank | |
---|---|---|---|---|
US | 99.98% | 4.48% | 107.74% | 2.26% |
Non US | 0.00% | 0.00% | 94.62% | 60.15% |
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% | 88.68% |
Management Fee | 0.35% | 0.00% | 1.50% | 16.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 0.45% | 30.95% |
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% | 27.23% |
FLQS - Distributions
Dividend Yield Analysis
FLQS | Category Low | Category High | FLQS % Rank | |
---|---|---|---|---|
Dividend Yield | 1.54% | 0.00% | 42.47% | 32.33% |
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% | 12.93% |
Capital Gain Distribution Analysis
FLQS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 20, 2024 | $0.161 | OrdinaryDividend |
Jun 21, 2024 | $0.155 | OrdinaryDividend |
Mar 15, 2024 | $0.037 | OrdinaryDividend |
Dec 15, 2023 | $0.248 | OrdinaryDividend |
Sep 15, 2023 | $0.087 | OrdinaryDividend |
Jun 23, 2023 | $0.123 | OrdinaryDividend |
Mar 17, 2023 | $0.100 | OrdinaryDividend |
Dec 16, 2022 | $0.199 | OrdinaryDividend |
Sep 16, 2022 | $0.153 | OrdinaryDividend |
Jun 17, 2022 | $0.052 | OrdinaryDividend |
Mar 10, 2022 | $0.055 | OrdinaryDividend |
Dec 30, 2021 | $0.029 | OrdinaryDividend |
Dec 13, 2021 | $0.182 | OrdinaryDividend |
Sep 13, 2021 | $0.093 | OrdinaryDividend |
Jun 10, 2021 | $0.037 | OrdinaryDividend |
Mar 11, 2021 | $0.038 | OrdinaryDividend |
Dec 14, 2020 | $0.135 | OrdinaryDividend |
Sep 14, 2020 | $0.170 | OrdinaryDividend |
Jun 11, 2020 | $0.033 | OrdinaryDividend |
Mar 11, 2020 | $0.044 | OrdinaryDividend |
Dec 11, 2019 | $0.164 | OrdinaryDividend |
Sep 11, 2019 | $0.166 | OrdinaryDividend |
Jun 11, 2019 | $0.042 | OrdinaryDividend |
Mar 20, 2019 | $0.040 | OrdinaryDividend |
Dec 20, 2018 | $0.154 | OrdinaryDividend |
Sep 20, 2018 | $0.107 | OrdinaryDividend |
Jun 20, 2018 | $0.036 | OrdinaryDividend |
Mar 20, 2018 | $0.021 | OrdinaryDividend |
Dec 20, 2017 | $0.135 | OrdinaryDividend |
Sep 20, 2017 | $0.097 | OrdinaryDividend |
Jun 20, 2017 | $0.042 | OrdinaryDividend |
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 | 7.18 | 2.58 |