FLQS

Franklin U.S. Small Cap Multifactor Index ETF

The Franklin LibertyQ U.S. Small-Cap Equity ETF tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility.


US Equities

EQUITY

Rules-Based

MANAGEMENT STYLE

35 bp

EXPENSES

$37.3 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFranklin ETF Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateApr 26, 2017
Assets (mns)$37
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
E.L.F. BEAUTY, INC. 1.5 %
COMFORT SYSTEMS USA INC 1.4 %
SIMPSON MANUFACTURING CO INC 1.1 %
APPLIED INDUSTRIAL TECH INC 1.1 %
BELLRING BRANDS, INC. CLASS A 1.0 %
SPROUTS FARMERS MARKET INC 1.0 %
ABERCROMBIE & FITCH CO-CL A 1.0 %
SPS COMMERCE INC 0.9 %
UNIVERSAL FOREST PRODUCTS 0.9 %
MICROSTRATEGY INC-CL A 0.9 %
Constituent Breakdown
Number of holdings490
Herfindahl-Hirschman Index 45
Wgt avg mkt cap (mns)$3,923
Large cap (>$10bn)5.0%
Mid cap ($2-10bn)70.8%
Small cap (<$2bn)24.2%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
UNITED STATES 95.2 %
BERMUDA 1.9 %
IRELAND 0.9 %
Historical Performance


Standardized Annual Returns (as of 05/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
2.4% 22.8% 10.8% 3.2% 10.1% -- 8.0%
Market Correlations
versus...BetaR-squared
S&P 5000.9680%
MSCI EAFE0.9471%
MSCI Emg Mkts0.6434%
Liquidity Measures
Avg. volume (000)5
Turnover0.5%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$10,743
Technical Indicators
Recent close$39.29
30d moving avg.$39.50
Annualized volatility19.3%
Relative strength (RSI)72
Short interest (ETF)1.6%
Short interest (underlying)8.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FLQS vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.1 13.6 2.1 6.5% --
Based on closing prices from 6/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FLQS



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™

FLQS

7.4%

Cat. Avg

5.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.4%
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 892 funds in the US Equities category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. FLQS's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places FLQS in the 73rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FLQS
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
FLQS 35.0 14.6 49.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .