Franklin U.S. Low Volatility ETF
Name
As of 05/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
15.0%
3 Yr Avg Return
6.4%
5 Yr Avg Return
11.2%
Net Assets
$120 M
Holdings in Top 10
17.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLLV - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.47%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFranklin U.S. Low Volatility ETF
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateSep 22, 2016
-
Shares Outstanding2750000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd Brighton
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities, and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities. Equity securities include common stocks, preferred stocks, and securities convertible into common stocks, as well as equity-related instruments and other investments with similar economic characteristics. The Fund seeks income by investing in equity securities and equity-related instruments, including common stocks with dividend yields that the investment manager believes are attractive, while seeking capital appreciation and a lower level of volatility than the broader equity market as measured by the S&P 500® Index. “Volatility” is a statistical measurement of the frequency and level of up and down fluctuations of a fund’s returns over time. Therefore, in this context, seeking to provide a lower level of volatility than the broader equity market means that the Fund seeks returns that fluctuate less than the returns of the S&P 500® Index.
The Fund may invest up to 50% of its assets in equity-linked notes (ELNs). ELNs are hybrid instruments that are specially designed to combine the characteristics of one or more reference securities (usually a common stock or broad market equity index) and a related equity derivative, such as a put or call option, in a single note form. The Fund may also invest up to 25% of its assets in foreign securities, either directly or through depositary receipts.
The Fund maintains the flexibility to invest in securities of companies from a variety of sectors, but from time to time, based on economic conditions, the Fund may have significant investments in particular sectors.
The Fund may, from time to time, use a variety of equity-related derivatives and complex equity securities, which may include purchasing or selling call and put options on equity securities and equity security indices, futures on equity securities and equity indices, and options on equity index futures and equity volatility futures for various purposes including enhancing Fund returns, increasing liquidity, gaining exposure to particular instruments in more efficient or less expensive ways and/or hedging risks relating to changes in certain equity markets. The Fund also may, from time to time, use currency-related derivatives, such as forward foreign currency exchange contracts and currency futures contracts to hedge currency risks. The use of such derivative transactions may allow the Fund to obtain net long or net short exposures to selected markets. The investment manager considers various factors, such as availability and cost, in deciding whether to use a particular
derivative instrument or strategy. Moreover, investors should bear in mind that the Fund is not obligated to actively engage in any derivative transactions.
The Fund’s investment manager searches for undervalued or out-of-favor securities it believes offer opportunities for current income and significant growth potential. In analyzing equity securities, the investment manager considers a variety of factors, including:
·a security’s relative value based on such factors as anticipated cash flow, interest or dividend coverage, asset coverage, and earnings prospects;
·the experience and strength of the company’s management;
·the company’s changing financial condition and market recognition of the change;
·the company’s sensitivity to changes in interest rates and business conditions; and
·the company’s debt maturity schedules and borrowing requirements.
When choosing investments for the Fund, the investment manager applies a fundamental, income-oriented approach, focusing on the market price of a company’s securities relative to the investment manager’s evaluation of the company’s long-term earnings, asset value and cash flow potential. The investment manager also considers a company’s price/earnings ratio, profit margins and liquidation value.
FLLV - Performance
Return Ranking - Trailing
Period | FLLV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.1% | 20.7% | 96.95% |
1 Yr | 15.0% | 4.1% | 48.3% | 94.77% |
3 Yr | 6.4%* | -13.2% | 15.4% | 75.45% |
5 Yr | 11.2%* | -0.7% | 110.3% | 85.18% |
10 Yr | N/A* | 2.2% | 20.7% | 78.07% |
* Annualized
Return Ranking - Calendar
Period | FLLV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -42.6% | 47.4% | 77.96% |
2022 | -10.1% | -56.3% | -4.2% | 1.78% |
2021 | 21.5% | -27.2% | 537.8% | 28.89% |
2020 | 10.6% | -22.5% | 2181.7% | 56.80% |
2019 | 30.9% | -13.5% | 40.4% | 6.10% |
Total Return Ranking - Trailing
Period | FLLV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.1% | 20.7% | 96.95% |
1 Yr | 15.0% | 4.1% | 48.3% | 94.77% |
3 Yr | 6.4%* | -13.2% | 15.4% | 75.45% |
5 Yr | 11.2%* | -0.7% | 110.3% | 85.18% |
10 Yr | N/A* | 2.2% | 20.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FLLV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.9% | -5.0% | 47.4% | 90.51% |
2022 | -8.5% | -36.8% | -2.2% | 6.15% |
2021 | 23.4% | 3.0% | 537.8% | 83.79% |
2020 | 12.4% | -15.8% | 2266.0% | 79.30% |
2019 | 32.7% | -0.4% | 241.3% | 11.75% |
FLLV - Holdings
Concentration Analysis
FLLV | Category Low | Category High | FLLV % Rank | |
---|---|---|---|---|
Net Assets | 120 M | 2.34 M | 1.55 T | 86.29% |
Number of Holdings | 84 | 2 | 4048 | 57.26% |
Net Assets in Top 10 | 20.7 M | 848 K | 387 B | 92.30% |
Weighting of Top 10 | 17.23% | 0.3% | 111.9% | 97.83% |
Top 10 Holdings
- Vontier Corp 1.97%
- Oracle Corp 1.80%
- International Business Machines Corp 1.80%
- Amphenol Corp 1.78%
- ANSYS Inc 1.77%
- Microsoft Corp 1.71%
- PTC Inc 1.67%
- Intuit Inc 1.59%
- Roper Technologies Inc 1.57%
- Texas Instruments Inc 1.57%
Asset Allocation
Weighting | Return Low | Return High | FLLV % Rank | |
---|---|---|---|---|
Stocks | 99.13% | 0.00% | 124.03% | 41.78% |
Bonds | 0.76% | -0.37% | 93.78% | 3.29% |
Cash | 0.11% | 0.00% | 99.06% | 87.49% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 96.95% |
Other | 0.00% | -13.91% | 100.00% | 96.31% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 96.62% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FLLV % Rank | |
---|---|---|---|---|
Technology | 22.09% | 0.00% | 48.94% | 66.69% |
Financial Services | 14.56% | 0.00% | 55.59% | 33.47% |
Healthcare | 14.15% | 0.00% | 60.70% | 61.14% |
Industrials | 10.32% | 0.00% | 29.90% | 32.98% |
Consumer Cyclical | 9.09% | 0.00% | 30.33% | 72.33% |
Communication Services | 8.56% | 0.00% | 27.94% | 48.08% |
Consumer Defense | 7.89% | 0.00% | 47.71% | 25.88% |
Energy | 4.50% | 0.00% | 41.64% | 38.69% |
Real Estate | 3.37% | 0.00% | 31.91% | 26.69% |
Utilities | 2.85% | 0.00% | 20.91% | 42.37% |
Basic Materials | 2.63% | 0.00% | 25.70% | 46.86% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FLLV % Rank | |
---|---|---|---|---|
US | 99.13% | 0.00% | 124.03% | 34.56% |
Non US | 0.00% | 0.00% | 62.81% | 96.87% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FLLV % Rank | |
---|---|---|---|---|
Derivative | 0.00% | -2.05% | 21.76% | 95.82% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 99.68% |
Securitized | 0.00% | 0.00% | 52.16% | 96.89% |
Corporate | 0.00% | 0.00% | 100.00% | 97.39% |
Municipal | 0.00% | 0.00% | 2.10% | 96.89% |
Government | 0.00% | 0.00% | 100.00% | 96.89% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FLLV % Rank | |
---|---|---|---|---|
US | 0.76% | -0.37% | 93.78% | 3.29% |
Non US | 0.00% | 0.00% | 10.46% | 96.47% |
FLLV - Expenses
Operational Fees
FLLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.29% | 0.01% | 19.75% | 85.15% |
Management Fee | 0.29% | 0.00% | 1.90% | 28.93% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | 38.46% |
Sales Fees
FLLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FLLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
FLLV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 21.90% | 0.00% | 268.00% | 43.28% |
FLLV - Distributions
Dividend Yield Analysis
FLLV | Category Low | Category High | FLLV % Rank | |
---|---|---|---|---|
Dividend Yield | 1.19% | 0.00% | 25.47% | 39.63% |
Dividend Distribution Analysis
FLLV | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annual |
Net Income Ratio Analysis
FLLV | Category Low | Category High | FLLV % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.47% | -54.00% | 2.44% | 6.55% |
Capital Gain Distribution Analysis
FLLV | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 15, 2024 | $0.157 | OrdinaryDividend |
Dec 15, 2023 | $0.398 | OrdinaryDividend |
Sep 15, 2023 | $0.239 | OrdinaryDividend |
Jun 16, 2023 | $0.145 | OrdinaryDividend |
Mar 17, 2023 | $0.123 | OrdinaryDividend |
Dec 12, 2022 | $0.269 | OrdinaryDividend |
Sep 08, 2022 | $0.211 | OrdinaryDividend |
Jun 17, 2022 | $0.181 | OrdinaryDividend |
Mar 10, 2022 | $0.116 | OrdinaryDividend |
Dec 13, 2021 | $0.252 | OrdinaryDividend |
Sep 13, 2021 | $0.193 | OrdinaryDividend |
Jun 10, 2021 | $0.150 | OrdinaryDividend |
Mar 11, 2021 | $0.129 | OrdinaryDividend |
Dec 14, 2020 | $0.218 | OrdinaryDividend |
Sep 14, 2020 | $0.206 | OrdinaryDividend |
Jun 11, 2020 | $0.082 | OrdinaryDividend |
Mar 11, 2020 | $0.086 | OrdinaryDividend |
Dec 11, 2019 | $0.180 | OrdinaryDividend |
Sep 11, 2019 | $0.168 | OrdinaryDividend |
Jun 11, 2019 | $0.050 | OrdinaryDividend |
Mar 20, 2019 | $0.102 | OrdinaryDividend |
Dec 20, 2018 | $0.149 | OrdinaryDividend |
Dec 20, 2018 | $0.016 | CapitalGainShortTerm |
Dec 20, 2018 | $0.335 | CapitalGainLongTerm |
Sep 20, 2018 | $0.164 | OrdinaryDividend |
Jun 20, 2018 | $0.057 | OrdinaryDividend |
Mar 20, 2018 | $0.067 | OrdinaryDividend |
Dec 20, 2017 | $0.150 | OrdinaryDividend |
Sep 20, 2017 | $0.171 | OrdinaryDividend |
Jun 20, 2017 | $0.065 | OrdinaryDividend |
Mar 20, 2017 | $0.049 | OrdinaryDividend |
Dec 20, 2016 | $0.129 | OrdinaryDividend |
FLLV - Fund Manager Analysis
Managers
Todd Brighton
Start Date
Tenure
Tenure Rank
Sep 20, 2016
5.7
5.7%
Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies. Mr. Brighton joined Franklin Templeton in 2000. He is a Chartered Financial Analyst (CFA) charterholder and a member of the CFA Institute and the CFA Society of San Francisco.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.26 | 2.42 |