Franklin Small Cap Enhanced ETF

Frequently Asked Questions About FSML

What does FSML invest in?

FSML provides exposure to US small capitalization equities through a portfolio constructed using fundamental and quantitative inputs. The fund invests primarily in small cap companies that are selected based on valuation, quality, and other company specific characteristics, with the aim of capturing long term capital growth. Portfolio positioning reflects an assessment of relative opportunities across the small cap universe rather than tracking a market capitalization weighted index. Holdings and weights may shift over time as company fundamentals and market conditions evolve, resulting in a portfolio that can differ meaningfully from broad small cap benchmarks.

What is the expense ratio of FSML?

Franklin Small Cap Enhanced ETF (FSML) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSML?

Franklin Small Cap Enhanced ETF (FSML) manages $150.6M 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 FSML actively managed or an index fund?

FSML's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FSML launched?

Franklin Small Cap Enhanced ETF (FSML) launched in December 2025 and is managed by Franklin Templeton.

How has FSML performed?

FSML'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.