Franklin U.S. Large Cap Multifactor Index ETF

Frequently Asked Questions About FLQL

What does FLQL invest in?

FLQL is a multi-factor approach to the US equity market. The fund`s index starts with a Russell 1000 universe, an expansive definition of the large-cap space that includes many firms we consider midcaps. Then it scores each stock on four fundamental and technical factors: quality (50% weight), value (30%), momentum (10%), and low volatility (10%). Finally, the index selects stocks with the highest four-factor composite scores. Holdings are weighted by the composite score, scaled by market cap. FLQL may appeal to investors seeking diversified core US exposure with comprehensive factor tilts. The index undergoes semi-annual rebalance and reconstitution with issuer weights capped at 1% each. Prior to Aug. 1, 2022, the fund traded under the name Franklin LibertyQ U.S. Equity ETF.

What is the expense ratio of FLQL?

Franklin U.S. Large Cap Multifactor Index ETF (FLQL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLQL?

Franklin U.S. Large Cap Multifactor Index ETF (FLQL) manages $2.07B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FLQL actively managed or an index fund?

FLQL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FLQL's is 0.15%) because there's no security selection cost.

When was FLQL launched?

Franklin U.S. Large Cap Multifactor Index ETF (FLQL) launched in April 2017 and is managed by Franklin Templeton.

How has FLQL performed?

FLQL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.