FLQL
Franklin LibertyQ U.S. Equity ETF
The Franklin LibertyQ U.S. Equity ETF tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors.
Fund Basics
| Fund sponsor | Franklin ETF Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 26, 2017 |
| Assets (mns) | $908 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.0 % |
| MICROSOFT CORP | 7.1 % |
| ELI LILLY & CO | 2.2 % |
| NVIDIA CORP | 2.1 % |
| BROADCOM INC. | 2.0 % |
| ALPHABET INC. CLASS A | 1.8 % |
| MASTERCARD INC-CLASS A | 1.7 % |
| MERCK & CO. INC. | 1.7 % |
| AMAZON.COM INC | 1.6 % |
| ALPHABET INC. CLASS C | 1.6 % |
Constituent Breakdown
| Number of holdings | 213 |
| Herfindahl-Hirschman Index | 195 |
| Wgt avg mkt cap (mns) | $640,649 |
| Large cap (>$10bn) | 94.7% |
| Mid cap ($2-10bn) | 5.1% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 98.9 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.5% | 8.2% | 4.9% | 13.7% | 11.0% | -- | 11.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 91% |
| MSCI EAFE | 0.75 | 72% |
| MSCI Emg Mkts | 0.46 | 27% |
Liquidity Measures
| Avg. volume (000) | 57 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $87,081 |
Technical Indicators
| Recent close | $43.14 |
| 30d moving avg. | $41.90 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 65 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLQL |
Expenses vs. FLQL |
ALTAR Score™ vs. FLQL |
|---|---|---|---|---|
| GSPY | Gotham Enhanced 500 ETF | 55.6% | +35 bp | -1.3% |
| PLRG | Principal US Large-Cap Adaptive Multi-Factor ETF | 54.8% | 0 bp | -1.5% |
| IVW | iShares S&P 500 Growth ETF | 54.0% | +3 bp | -1.8% |
| VOOG | Vanguard S&P 500 Growth ETF | 54.0% | -5 bp | -1.8% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 53.9% | -11 bp | -1.7% |
| IUSG | iShares Core S&P US Growth ETF | 53.8% | -11 bp | -1.6% |
| QLC | FlexShares US Quality Large Cap Index Fund | 53.6% | +10 bp | -0.7% |
| VSLU | Applied Finance Valuation Large Cap ETF | 53.4% | +34 bp | -1.1% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 53.1% | -6 bp | -0.9% |
| GPAL | Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Ca | 52.8% | +5 bp | -1.0% |
Risk and Returns: FLQL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/8/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FLQL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FLQL
7.1%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.1% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. FLQL's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FLQL in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FLQL
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLQL | 15.0 | 11.4 | 26.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .