Franklin U.S. Large Cap Multifactor Index ETF
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
25.5%
1 yr return
25.8%
3 Yr Avg Return
10.6%
5 Yr Avg Return
13.1%
Net Assets
$1.49 B
Holdings in Top 10
33.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.37%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLQL - Profile
Distributions
- YTD Total Return 25.5%
- 3 Yr Annualized Total Return 10.6%
- 5 Yr Annualized Total Return 13.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.77%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameFranklin U.S. Large Cap Multifactor Index ETF
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateApr 28, 2017
-
Shares Outstanding24550000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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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. Large Cap Underlying Index. The U.S. Large Cap Underlying Index is a systematic, rules-based proprietary index maintained and calculated by FTSE Russell. The U.S. Large Cap Underlying Index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton’s desired investment strategy. The Russell 1000® Index is a subset of the Russell 3000® Index and is designed to measure the performance of large capitalization stocks in the United States. It includes approximately 1,000 of the largest issuers based on a combination of their market cap and current index membership. As of May 31, 2024, the Russell 1000® Index represented approximately 105% of the total market capitalization of the Russell 3000® Index.
The U.S. Large Cap Underlying Index seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell 1000® Index over the long term by applying a multi-factor selection process, which is designed to select equity securities from the Russell 1000® Index that have favorable exposure to three investment style factors – quality, value and momentum. The “quality” factor incorporates measurements such as return on equity, earnings variability, cash return on assets, return on assets, operating cash flow to sales, and leverage. The “value” factor incorporates measurements such as price to book value, dividend yield, earnings yield, and forward earnings yield. The “momentum” factor incorporates measurements such as 6-month risk adjusted price momentum and 12-month risk adjusted price momentum. 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. In constructing the U.S. Large Cap Underlying Index, each security in the Russell 1000® Index with a weight of 1% or greater is selected for inclusion. The aggregate weight of these securities in the U.S. Large Cap Underlying Index will represent the same total weight as the sum of their benchmark weights. The remaining constituents of the Russell 1000® Index (i.e., securities with a weight of less than 1% of the benchmark) are assigned a composite factor score and the top 20% of such securities with the highest factor
scores are also selected for inclusion. The final weighting of all securities selected for inclusion in the U.S. Large Cap Underlying Index is determined based upon their benchmark weight multiplied by their composite factor score, subject to preestablished minimum and maximum weight constraints.
At the time of each quarterly reconstitution of the U.S. Large Cap Underlying Index, the maximum and minimum weight of each security included in the U.S. Large Cap Underlying Index will be capped at a limit based on the weight of the particular security in the Russell 1000® Index. The U.S. Large Cap Underlying Index is also constrained in its construction to limit turnover of constituent securities at each quarterly reconstitution. As of May 31, 2024, the U.S. Large Cap Underlying Index was comprised of 215 securities with capitalizations ranging from $351 million to $3.09 trillion.
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. Large 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. Large Cap Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the U.S. Large Cap Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the U.S. Large 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. Large Cap Underlying Index, but may not track the U.S. Large Cap Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire U.S. Large 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. Large Cap Underlying Index, including securities that resemble those included in the U.S. Large 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 quarterly following the quarterly reconstitution of the U.S. Large 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. Large Cap Underlying Index is concentrated. As of May 31, 2024, the U.S. Large Cap Underlying Index was concentrated in the information technology sector.
FLQL - Performance
Return Ranking - Trailing
Period | FLQL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.5% | -53.4% | 45.5% | 26.74% |
1 Yr | 25.8% | -15.0% | 52.9% | 30.53% |
3 Yr | 10.6%* | -24.5% | 24.4% | 12.25% |
5 Yr | 13.1%* | -10.2% | 109.0% | 52.39% |
10 Yr | N/A* | -0.6% | 52.5% | 81.00% |
* Annualized
Return Ranking - Calendar
Period | FLQL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.6% | -42.6% | 47.4% | 35.49% |
2022 | -16.6% | -56.3% | -4.2% | 14.14% |
2021 | 24.1% | -27.2% | 537.8% | 19.05% |
2020 | 8.3% | -22.5% | 2181.7% | 71.93% |
2019 | 26.7% | -13.5% | 40.4% | 30.68% |
Total Return Ranking - Trailing
Period | FLQL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.5% | -53.4% | 45.5% | 26.74% |
1 Yr | 25.8% | -15.0% | 52.9% | 30.53% |
3 Yr | 10.6%* | -24.5% | 24.4% | 12.25% |
5 Yr | 13.1%* | -10.2% | 109.0% | 52.39% |
10 Yr | N/A* | -0.6% | 52.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FLQL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.6% | -5.0% | 47.4% | 53.45% |
2022 | -14.8% | -36.8% | -2.2% | 25.27% |
2021 | 26.6% | 3.0% | 537.8% | 51.79% |
2020 | 10.7% | -15.8% | 2266.0% | 85.79% |
2019 | 29.1% | -0.4% | 241.3% | 58.67% |
FLQL - Holdings
Concentration Analysis
FLQL | Category Low | Category High | FLQL % Rank | |
---|---|---|---|---|
Net Assets | 1.49 B | 2.34 M | 1.84 T | 49.09% |
Number of Holdings | 215 | 2 | 3963 | 31.46% |
Net Assets in Top 10 | 455 M | 880 K | 525 B | 52.48% |
Weighting of Top 10 | 33.47% | 0.3% | 111.6% | 66.08% |
Top 10 Holdings
- Apple Inc 7.22%
- Microsoft Corp 6.23%
- NVIDIA Corp 5.87%
- Amazon.com Inc 2.73%
- Meta Platforms Inc 2.60%
- Alphabet Inc 1.94%
- Broadcom Inc 1.86%
- Mastercard Inc 1.71%
- Alphabet Inc 1.66%
- Costco Wholesale Corp 1.65%
Asset Allocation
Weighting | Return Low | Return High | FLQL % Rank | |
---|---|---|---|---|
Stocks | 99.94% | 0.00% | 105.79% | 4.72% |
Cash | 0.05% | 0.00% | 99.07% | 89.98% |
Other | 0.00% | -13.91% | 100.00% | 33.77% |
Preferred Stocks | 0.00% | 0.00% | 2.15% | 99.01% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 98.75% |
Bonds | 0.00% | 0.00% | 93.85% | 98.76% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FLQL % Rank | |
---|---|---|---|---|
Technology | 29.36% | 0.00% | 48.94% | 7.00% |
Healthcare | 20.28% | 0.00% | 52.29% | 6.58% |
Consumer Cyclical | 11.69% | 0.00% | 30.33% | 25.97% |
Consumer Defense | 8.12% | 0.00% | 47.71% | 23.10% |
Industrials | 7.63% | 0.00% | 29.90% | 83.81% |
Energy | 7.50% | 0.00% | 41.64% | 7.34% |
Communication Services | 6.17% | 0.00% | 27.94% | 77.40% |
Financial Services | 4.51% | 0.00% | 55.59% | 97.98% |
Real Estate | 2.54% | 0.00% | 31.91% | 57.25% |
Basic Materials | 1.24% | 0.00% | 25.70% | 87.52% |
Utilities | 0.96% | 0.00% | 20.91% | 76.90% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FLQL % Rank | |
---|---|---|---|---|
US | 99.94% | 0.00% | 105.79% | 4.22% |
Non US | 0.00% | 0.00% | 63.83% | 98.92% |
FLQL - Expenses
Operational Fees
FLQL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.15% | 0.01% | 19.75% | 91.75% |
Management Fee | 0.15% | 0.00% | 1.90% | 17.97% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.00% | 0.85% | 51.23% |
Sales Fees
FLQL 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
FLQL 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.
FLQL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 68.37% | 0.00% | 268.00% | 85.55% |
FLQL - Distributions
Dividend Yield Analysis
FLQL | Category Low | Category High | FLQL % Rank | |
---|---|---|---|---|
Dividend Yield | 1.59% | 0.00% | 25.47% | 49.21% |
Dividend Distribution Analysis
FLQL | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
FLQL | Category Low | Category High | FLQL % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.77% | -54.00% | 2.44% | 1.69% |
Capital Gain Distribution Analysis
FLQL | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2024 | $0.236 | OrdinaryDividend |
Sep 20, 2024 | $0.167 | OrdinaryDividend |
Jun 21, 2024 | $0.153 | OrdinaryDividend |
Mar 15, 2024 | $0.106 | OrdinaryDividend |
Dec 15, 2023 | $0.224 | OrdinaryDividend |
Sep 15, 2023 | $0.155 | OrdinaryDividend |
Jun 23, 2023 | $0.194 | OrdinaryDividend |
Mar 17, 2023 | $0.142 | OrdinaryDividend |
Dec 16, 2022 | $0.294 | OrdinaryDividend |
Sep 16, 2022 | $0.212 | OrdinaryDividend |
Jun 17, 2022 | $0.186 | OrdinaryDividend |
Mar 10, 2022 | $0.120 | OrdinaryDividend |
Dec 13, 2021 | $0.320 | OrdinaryDividend |
Sep 13, 2021 | $0.218 | OrdinaryDividend |
Jun 10, 2021 | $0.183 | OrdinaryDividend |
Mar 11, 2021 | $0.131 | OrdinaryDividend |
Dec 14, 2020 | $0.235 | OrdinaryDividend |
Sep 14, 2020 | $0.304 | OrdinaryDividend |
Jun 11, 2020 | $0.107 | OrdinaryDividend |
Mar 11, 2020 | $0.108 | OrdinaryDividend |
Dec 30, 2019 | $0.007 | OrdinaryDividend |
Dec 11, 2019 | $0.248 | OrdinaryDividend |
Sep 11, 2019 | $0.219 | OrdinaryDividend |
Jun 11, 2019 | $0.093 | OrdinaryDividend |
Mar 20, 2019 | $0.056 | OrdinaryDividend |
Dec 20, 2018 | $0.209 | OrdinaryDividend |
Sep 20, 2018 | $0.099 | OrdinaryDividend |
Jun 20, 2018 | $0.106 | OrdinaryDividend |
Mar 20, 2018 | $0.089 | OrdinaryDividend |
Dec 20, 2017 | $0.187 | OrdinaryDividend |
Sep 20, 2017 | $0.158 | OrdinaryDividend |
Jun 20, 2017 | $0.007 | OrdinaryDividend |
FLQL - 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 |
---|---|---|---|
0.04 | 39.02 | 7.29 | 2.42 |