Equity Indexed

FLQS Franklin U.S. Small Cap Multifactor Index ETF

A smoother investor experience. Aims to participate in up-markets while minimizing drawdowns during downturns.
Rules-based approach. Tracks an underlying index with a weighted methodology anchored around four diversifying factors: 50% quality, 30% value, 10% momentum and 10% volatility.
Core US equity exposure. Seeks low tracking error relative to the Russell 2000 Index.

Overview

See the risks and other important information.

Fund Facts

Fund description

The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its corresponding underlying index, LibertyQ U.S. Small Cap Equity Index.

Fund Inception Date: 04/26/2017
Listing Exchange: Cboe
Underlying Index: LibertyQ U.S. Small Cap Equity Index
Investment Universe: Russell 2000 Index
30-Day SEC Yield—With Waiver^4,5,6As of 11/30/2025 (Updated Monthly): 1.35%
30-Day SEC Yield—Without Waiver^5,6As of 11/30/2025 (Updated Monthly): 1.35%
Dividend Frequency, if any: Quarterly
Distribution Rate at NAV⁷As of 01/09/2026 (Updated Daily): 1.68%

Expenses & Fees

As of 08/01/2025

Gross Expense Ratio⁸: 0.35%
Net Expense Ratio^8,9: 0.35%

Identifiers

Underlying Index Ticker: FLQS1TR
Ticker: FLQS
CUSIP Code: 35473P876
ISIN Code: US35473P8766
Bloomberg Code: FLQS US

Average Annual Total Returns As of 11/30/2025

View performance section for additional info As of 11/30/2025

Market Price Return

NAV Return

-4.22%1 Year
8.85%3 Years
8.95%5 Years
—10 Years
7.75%Since Inception
04/26/2017

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.

Top Sectors

View portfolio section for additional info

As of 01/08/2026 % of Total (Updated Daily)

Top Sectors
Industrials18.83%
Consumer Discretionary16.42%
Financials15.13%
Information Technology14.24%
Health Care10.91%

Additional Fund Info

Morningstar Category¹⁰: Small Blend
Fiscal Year End: March 31
ETF Type: Indexed
Frequency of Index Reconstitution: Semi-Annually

Trading Characteristics

As of 01/09/2026 (Updated Daily)

Shares Outstanding: 1,550,000
Daily Volume: 4,739
20-Day Average Volume: 3106.30

Manager and Commentary

About the Team

Franklin ETF and Index Investments

At Franklin ETF and Index Investments, we believe that tracking global indices is a blend of art and science. Our Portfolio Managers collaborate for a rigorous assessment of the returns, risks, costs and tax implications of each transaction, all with the goal of delivering the highest tax-adjusted returns. Drawing on decades of deep expertise in global markets, our team is dedicated to providing world-class indexing solutions that offer cost-effective, competitive and consistent investment performance.

Franklin ETF and Index Investments

Managed Fund Since 2017

Managed Fund Since 2019

Managed Fund Since 2022

Performance

Average Annual Total Returns

¹³

As of 11/30/2025

Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.

Month End

Quarter End

As of

Franklin U.S. Small Cap Multifactor Index ETF - Market Price Return (%)

Month End

As of 11/30/2025

Franklin U.S. Small Cap Multifactor Index ETF - NAV Return (%)

Month End

As of 11/30/2025

Russell 2000 Index (%)

Month End

As of 11/30/2025

LibertyQ U.S. Small Cap Equity Index (%)

Month End

As of 11/30/2025

Overall Morningstar Rating: Overall Morningstar Rating: 3 out of 5 stars
As of 12/31/2025

3 Years: 3 Years: 3 out of 5 stars
588 Funds in category

5 Years: 5 Years: 3 out of 5 stars
569 Funds in category

10 Years: —

Rating Category: Small Blend

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

As of 12/31/2025

Current Historical
			Large
			Medium
			Small
Value	Blend	Growth
Style

Size

Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. 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.

©2025 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.

Portfolio

Assets

As of01/11/2026 (Updated Daily)

Total Net Assets: $69.30 Million

Positions

As of 01/08/2026 (Updated Daily)

Number of Holdings

Fund: 487

Portfolio Statistics

As of 01/08/2026 (Updated Daily)

Weighted Average Market Capitalization (USD)

Fund: $3.72 Billion
Benchmark: —

Price to Earnings (12-Month Forward)

Fund: 16.24x
Benchmark: 17.84x

Price to Earnings (12-Month Trailing)

Fund: 19.73x
Benchmark: 21.46x

Return on Equity

Fund: 16.70%
Benchmark: 1.67%

Price to Book

Fund: 2.33x
Benchmark: 2.34x

Return on Assets

Fund: 8.02%
Benchmark: -1.47%

Sector Allocation

As of 01/08/2026 % of Total (Updated Daily)

Sector Allocation
Sector	% of Total	Benchmark
Industrials	18.83%	18.04%
Consumer Discretionary	16.42%	9.06%
Financials	15.13%	17.59%
Information Technology	14.24%	14.71%
Health Care	10.91%	18.18%
Consumer Staples	5.61%	1.78%
Real Estate	5.53%	5.53%
Utilities	5.45%	3.00%
Energy	3.34%	4.88%
Communication Services	2.56%	2.67%
Materials	1.98%	4.56%
Cash & Cash Equivalents	0.02%	—

Holdings
As of 01/09/2026 (Updated Daily)

JACKSON FINANCIAL INC-A

MOOG INC-CLASS A

WATTS WATER TECHNOLOGIES-

ESSENT GROUP LTD

CARETRUST REIT INC

RAMBUS INC

ABERCROMBIE & FITCH CO-CL

INSTALLED BUILDING PRODUC

FIRSTCASH HOLDINGS INC

INTERDIGITAL INC

Distributions & Tax

Federal ID Number 81-5225381

For information on tax years prior to 2008, please contact us

2025 tax information will be available in early February

These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.

Distributions per Share ($)

Year

Data not currently available.

Pricing

Pricing History

As of 01/09/2026 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 01/09/2026

Share Prices

As of 01/09/2026

NAV ¹(Net Asset Value): $44.71
NAV Change ¹: $0.09
NAV Change (%) ¹: 0.20%
Market Price ¹: $44.64
Market Price Change ¹: $-0.07
Market Price Change (%) ¹: -0.16%

52-Week Range

Highest NAV As of 09/18/2025: $44.85
Lowest NAV As of 04/08/2025: $35.14
Highest Market Price As of 09/18/2025: $44.91
Lowest Market Price As of 04/08/2025: $35.07

Premium / Discount

As of 01/09/2026

30-Day Median Bid/Ask Spread: 0.16%
Bid / Ask Spread: $0.03
Avg. of Market Price vs. NAV since Inception: 0.00%
Avg. of Market Price vs. NAV at Close ¹¹: -0.16%

Documents

Fund Literature

Fund Literature
Checkbox	Name	Download	Add to Cart
Checkbox	Factsheet - Franklin U.S. Small Cap Multifactor Index ETF	Download Document

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Annual Report - Franklin U.S. Small Cap Multifactor Index ETF - Single Class	Download Document
Checkbox	Annual Financial Statements and Other Information - Franklin Templeton ETF Trust	Download Document
Checkbox	Semi-Annual Report - Franklin U.S. Small Cap Multifactor Index ETF - Single Class	Download Document
Checkbox	Semi-Annual Financial Statements and Other Information - Franklin U.S. Large Cap Multifactor Index ETF	Download Document
Checkbox	Prospectus - Franklin Templeton ETF Trust Smart Beta Funds	Download Document
Checkbox	Summary Prospectus - Franklin U.S. Small Cap Multifactor Index ETF	Download Document
Checkbox	Statement of Additional Information - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q3 Holdings - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.	Download Document

View Proxy Voting Records and Proxy Voting Policies

Risks

All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. There can be no assurance that the fund's multi-factor stock selection process will enhance performance. Exposure to such investment factors may detract from performance in some market environments, perhaps for extended periods. Performance of the fund may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. When the fund’s size is small, the fund may experience low trading volume and wide bid/ask spreads. These and other risks are discussed in the fund’s prospectus.

Important Information

Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

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Important data provider notices and terms available at www.franklintempletondatasources.com.

Performance data quoted represents past performance, which does not guarantee future results.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.

Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

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. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.

Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.

Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. For more information, please see the ETF’s statement of additional information (SAI) which can be found on the fund’s webpage.

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe.
Source: FTSE.

The LibertyQ U.S. Small Cap Equity Index is based on the Russell 2000 Index, its parent index, which measures the performance of the small-cap segment of the U.S. equity universe. The LibertyQ U.S. Small Cap Equity Index is designed to reflect the performance of a Franklin Templeton strategy that seeks exposure to four factors: Quality, Value, Momentum and Low Volatility.
Source: FTSE Russell. The LibertyQ U.S. Small Cap Equity Index is calculated and maintained by FTSE Russell, which aims to reflect the performance of a Franklin Templeton strategy. The Franklin U.S. Small Cap Multifactor Index ETF is not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the Franklin U.S. Small Cap Multifactor Index ETF is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the Franklin U.S. Small Cap Multifactor Index ETF. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Franklin Templeton or to its clients. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein. Russell® is a trademark of FTSE Russell.
Source: FTSE Russell. The LibertyQ U.S. Small Cap Equity Index is calculated and maintained by FTSE Russell, which aims to reflect the performance of a Franklin Templeton strategy. The Franklin U.S. Small Cap Multifactor Index ETF not in any way sponsored, endorsed, sold or promoted by FTSE Russell.

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.

Russell is a trademark of FTSE Russell.

Daily data source: Calculated by FactSet. Important data provider notices and terms available at www.franklintempletondatasources.com

Footnotes

Net Asset Value (NAV) returns are based on the NAV of the ETF/ETP. The fund’s NAV represents the per-share-value and is determined by dividing the total NAV of the fund by the number of shares outstanding; Market Price returns are based upon the official closing price of the ETF’s/ETP's shares. The fund calculates the NAV per share each business day and normally coincides with the close of trading on the exchange on which they are listed, typically 4 pm ET. The fund does not calculate the NAV on days the exchange is closed for trading. These returns do not represent investors’ returns had they traded shares at other times.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
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.
With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.
During periods of rising inflation, fund yields can vary significantly from month-to-month and may not be repeated.
30-Day SEC Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund’s share price at the end of that period. It may not equal the fund’s actual income distribution rate, which reflects the fund’s past dividends paid to shareholders.
Distribution Rate is calculated by annualizing the most recent distribution amount paid, divided by the closing market price or NAV as of the date indicated. The Distribution Rate calculation includes income and return of capital, and excludes special distributions. The Distribution Rate is not guaranteed, subject to change, and is not a quotation of fund performance.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
©2025 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.
Premiums or discounts are the differences between the NAV and the Market Price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below the reported NAV, expressed as a percentage of the NAV. The since inception premium/discount average is calculated by averaging the daily premium/discount since the inception of the fund. The daily premium/discount is the difference between the daily market price for shares of the Fund and the Fund's net asset value. The Market Price is determined using the closing price as of 4 pm ET on each trading day (when NAV is normally determined for most funds).
Premium / Discount reflects the difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV.
Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market Price returns are calculated using the closing price as of 4 pm ET on each trading day (when NAV is normally determined for most funds), and do not represent the returns you would receive if you traded shares at other times. Since shares of the Fund did not trade in the secondary market until after the Fund's inception, for the period from inception to the first day of secondary trading (4/28/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Performance for the ETF/ETP and its benchmark index are as of the ETF's/ETP's last trading day before the end of the period.
Capitalization Rate is calculated without the deduction of fees and expenses.

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FLQS Franklin U.S. Small Cap Multifactor Index ETF

Popular Documents

Overview

Fund description

Expenses & Fees

Identifiers

Top Sectors

Additional Fund Info

Trading Characteristics

Manager and Commentary

About the Team

Performance

Average Annual Total Returns

Ratings 3

Portfolio

Sector Allocation

Distributions & Tax

Federal ID Number 81-5225381

Pricing

Chart

Daily Fund Prices

Documents

Risks

Important Information

Footnotes

Ratings ³