Net Asset Value 1
$56.16
Market Price
$56.27
YTD Total Return At NAV
—
YTD Total Return At Market Price
16.16%
Morningstar Overall Rating™ 2
Overall Morningstar Rating
Morningstar Category™: US Equity
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. The vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 1041 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 915 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category |
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Overview
- Fund description
- Reasons to invest
Fund description
Seeks to deliver investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index. The underlying index seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell 1000® Index over the long term.
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Reasons to invest
- Strategic style factor diversification offers the potential for strong risk-adjusted performance.
- Developed and monitored by seasoned and quantitative ETF specialists.
- Offers traditional ETF benefits including daily transparency, tax efficiency and no minimum investment.
Portfolio Managers
Performance
- Annualised Performance
- Calendar Year Performance
- Cumulative Performance
- Risk Measures
Annualised Performance
Calendar Year Performance
Cumulative Performance
Risk Measures
Portfolio
Portfolio Allocations
- Geography
- Sector
- Market Capitalization
Geography
Sector
Market Capitalization
Portfolio Holdings
Distribution
Pricing
- Pricing
Pricing
Premium/Discount Analysis
Documents
Fund Literature
Factsheet - Franklin U.S. Large Cap Multifactor Index ETF
Product Commentary - Franklin U.S. Large Cap Multifactor Index ETF
Regulatory Documents
Annual Report - Franklin ETFs
Semiannual Report - Franklin ETFs
Prospectus - Franklin ETFs
Quarterly Product Disclosure - Franklin U.S. Large Cap Multifactor Index ETF
Semiannual Management Report of Fund Performance - Franklin U.S. Large Cap Multifactor Index ETF
Annual Management Report of Fund Performance - Franklin U.S. Large Cap Multifactor Index ETF
Point of Sale Fund Facts – Franklin U.S. Large Cap Multifactor Index ETF ETF
Important Legal Information
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your units.
Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the prospectus and fund fact/ETF facts document before investing. ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses, and other factors. Indicated rates of return are historical annual compounded total returns for the period indicated, including changes in unit value and reinvestment distributions, and do not take into account any charges or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.
Franklin U.S. Large Cap Multifactor Index ETF was formerly known as the Franklin LibertyQT U.S. Equity Index ETF.
ETF units may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for ETF units will develop or be maintained, or that their listing will continue or remain unchanged. While the units of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
The trading prices of the ETF’s units in the secondary market generally differ from the ETF’s daily NAV and are affected by market forces such as supply and demand, economic conditions and other factors. Information regarding the intraday value of units of the ETF, also known as the “indicative optimized portfolio value” (“IOPV”), is disseminated every 15 seconds throughout the trading day by the national securities exchange on which the ETF’s units are listed or by market data vendors or other information providers. Therefore, the IOPV should not be viewed as a “real-time” update of the ETF’s NAV, which is computed only once a day.
Prior to trading in the secondary market, units of the ETF are “created” at NAV by market makers, large investors and institutions only in block-size Creation Units of 100,000 units or multiples thereof. Each “Authorized Participant” enters into an authorized participant agreement with Franklin Templeton Distributors, Inc, an affiliate of Franklin Advisers, Inc. Only an Authorized Participant may create or redeem Creation Units directly with the ETF.
Net Asset Value is the market value of one unit of the ETF. This amount is derived by dividing the total value of all the securities in the ETF’s portfolio, less any liabilities, by the number of ETF units outstanding.
The NAV used in the Total Return calculation assumes all management fees and operating expenses incurred by the ETF. Market Price returns are based upon the midpoint of the bid/ask spread (last trade) at 4:00pm EST and do not reflect the returns you would receive if you traded units at other times. The first trading date is typically several days after the ETF inception date, therefore Market Price returns are measured as of this date.
Daily data source: Calculated by FactSet. Important data provider notices and terms available at www.franklintempletondatasources.com
Diversification does not protect an investor from market risk and does not ensure a profit. We note that Smart Beta ETFs are not riskless investments, so investors can lose money. For additional risk considerations, please see the fund's prospectus.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.
Frank Russell Company is the source of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
U.S. securities laws generally limit a non-U.S. fund's purchase of a U.S. registered mutual fund or ETF (a “U.S. Fund”) to no more than 3% of the U.S. Fund's voting securities. There are exceptions to those laws that apply to fund-on-fund structures such as the investment by Franklin FTSE Japan Index ETF in Franklin FTSE Japan ETF. A non-U.S. fund should consult with its advisor(s) prior to investing, directly or indirectly, in a U.S. Fund.
Footnotes
Net Asset Value (NAV) represents an ETF’s per-unit-value. The NAV per unit is determined by dividing the total NAV of the ETF by the number of ETF units outstanding. The ETF calculates the NAV per unit each business day as of 4 p.m. Eastern time which normally coincides with the close of trading on the Toronto Stock Exchange (TSX). The ETF does not calculate the NAV on days the TSX is closed for trading. If the TSX has a scheduled early close or unscheduled early close, the ETF’s unit price would still be determined as of 4 p.m. Eastern time.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics.
The LibertyQ U.S. Large Cap Equity Index is a systematic, rules-based proprietary index that is calculated by Frank Russell Company based on the Russell 1000® Index that aims to reflect the performance of Franklin Templeton's desired investment strategy. The Franklin LibertyQT U.S. Equity ETF is not sponsored, endorsed, issued, sold or promoted by, or affiliated with Frank Russell Company. Frank Russell Company does not make any representation regarding the advisability of investing in the Franklin LibertyQT U.S. Equity ETF. The index includes stocks from the U.S. market that have favorable exposure to multiple investment style factors, subject to a maximum 1% per company weighting. The LibertyQ U.S. Large Cap Equity Index utilizes a multi-factor selection process that is designed to select equity securities from the Russell 1000® Index that have exposure to four investment style-factors: quality, value, momentum and low volatility-while seeking a lower level of risk and higher risk-adjusted performance than the Russell 1000® Index over the long term.
The distribution yield is the indicated yield, which estimates the annual distribution yield based on its most recent distribution. It is calculated by multiplying the last distributions by the number of expected distributions per year divided by the fund's net asset value (NAV) at the end of the month.
Price to Earnings (12-mo Trailing) measures the current price to earnings ratio (P/E) relative to the trailing 12 months of reported earnings.
All data is subject to change.