# Franklin Small Cap Enhanced ETF (FSML): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fsml for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Thematic · Inception: 2025-12-09 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... ## Key Facts | Metric | Value | |---|---| | Price | $28.81 | | Expense Ratio | 0.45% | | Assets Under Management | $150.6M | | NAV | $28.97 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.46% | | Annual Distribution (TTM) | $0.13 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $23.90 – $31.18 | | Beta | 1.05 | ## Latest Distribution - Amount: $0.0289 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-25 ## Frequently Asked Questions ### 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. ### Does FSML pay a dividend? Franklin Small Cap Enhanced ETF (FSML) currently distributes little or no income. Trailing-twelve-month yield is 0.46%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FSML pay dividends? Franklin Small Cap Enhanced ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FSML's dividend yield? FSML's trailing-twelve-month yield is 0.46%, calculated from the sum of dividends over the past year divided by the current price. ### When is FSML's next ex-dividend date? The most recently announced ex-dividend date for FSML was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FSML's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FSML charge its expense ratio? The expense ratio is deducted in tiny daily slices from FSML's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FSML cost more than a fund like VOO? FSML's strategy (current expense ratio 0.45%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FSML sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FSML? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FSML (0.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fsml - Distribution history: https://www.dividenddata.com/funds/fsml/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fsml/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fsml/expenses - Peer comparison: https://www.dividenddata.com/funds/fsml/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.