Equity Indexed

FLQM Franklin U.S. Mid 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 Midcap Index.

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NAV 1 $0.13(0.24%)
$54.87
As of 10/31/2025
YTD Total Returns At NAV 2
2.17%
As of 10/31/2025
Total Net Assets
$1.71B
As of 11/02/2025 (Updated Daily)
Morningstar Overall Rating™ 3
As of 09/30/2025

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Overview

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. Mid Cap Equity Index.

Fund Inception Date
04/26/2017
Listing Exchange
Cboe
Underlying Index
LibertyQ U.S. Mid Cap Equity Index
Investment Universe
Russell Midcap Index
Dividend Frequency, if any
Quarterly
Distribution Rate at NAV 4As of 10/31/2025 (Updated Daily)
1.38%

Expenses & Fees

As of 08/01/2025
Gross Expense Ratio5
0.30%
Net Expense Ratio5,6
0.30%

Identifiers

Underlying Index Ticker
FLQM1TR
Ticker
FLQM
CUSIP Code
35473P884
ISIN Code
US35473P8840
Bloomberg Code
FLQM US

Average Annual Total Returns

View performance section for additional info As of 09/30/2025
  • 2.77%1 Year
  • 16.25%3 Years
  • 12.74%5 Years
  • —10 Years
  • 11.37%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 10/29/2025 % of Total (Updated Daily)

Industrials19.68%
Consumer Discretionary19.22%
Financials14.26%
Health Care13.93%
Information Technology10.67%

Additional Fund Info

Morningstar Category
Mid-Cap Blend
Fiscal Year End
March 31
ETF Type
Indexed
Frequency of Index Reconstitution
Semi-Annually

Trading Characteristics

As of 10/31/2025 (Updated Daily)
Shares Outstanding
31,250,000
Daily Volume
148,312
20-Day Average Volume
109465.95

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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.

Commentary Highlights

June 30, 2025
  • Markets: US stocks advanced during the second quarter of 2025. After rebounding from April’s lows, equity markets continued to rally through June despite bouts of volatility. The S&P 500 Index and Nasdaq Composite Index closed the period with solid gains after hitting new record highs at the end of June, while the Dow Jones Industrial Average hovered near its all-time high. Temporary delays in tariff hikes, reduced fears of a recession, growing expectations of interest-rate cuts later in the year and easing geopolitical tensions helped drive US stocks higher. Large-capitalization equities gained the most, followed by mid- and small-cap stocks, and growth stocks outperformed value by a wide margin in all three market-cap tiers.
  • Contributors: None
  • Detractors: Low volatility and quality factors
Franklin ETF and Index Investments
[Dina Tings avatar]

Managed Fund Since 2017

[Hailey Harriss avatar]

Managed Fund Since 2019

[Joe Diederichs avatar]

Managed Fund Since 2022

[Basit Amins avatar]

Managed Fund Since 2022

Portfolio Manager Profile
Years of Experience
Manager Location

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Performance

Risk Measures

As of 09/30/2025

Franklin U.S. Mid Cap Multifactor Index ETF - NAV Return
Measured against: Russell Midcap Index
Statistics
Alpha (%)
Beta
R-Squared
Historical Tracking Error
Information Ratio
Upside Capture Ratio
Downside Capture Ratio
Standard Deviation (%)
Franklin U.S. Mid Cap Multifactor Index ETF
Russell Midcap Index
Sharpe Ratio (%)
Franklin U.S. Mid Cap Multifactor Index ETF

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.

Ratings 3

Morningstar logo
Overall Morningstar Rating
Overall Morningstar Rating: 4 out of 5 stars  
As of 09/30/2025
3 Years
3 Years: 3 out of 5 stars  
373 Funds in category
5 Years
5 Years: 4 out of 5 stars  
348 Funds in category
10 Years
—
Rating Category
Mid-Cap 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 09/30/2025
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.

Skipped to Portfolio Section Content

Portfolio

Assets

As of11/02/2025 (Updated Daily)

Total Net Assets
$1.71 Billion

Positions

As of 10/30/2025 (Updated Daily)

Number of Holdings
Fund
203

Portfolio Statistics

As of 10/30/2025 (Updated Daily)

Price to Earnings (12-Month Forward)
Fund
16.03x
Benchmark
19.16x
Return on Equity
Fund
28.60%
Benchmark
15.42%
Weighted Average Market Capitalization (USD)
Fund
$24.43 Billion
Benchmark
—
Price to Book
Fund
3.83x
Benchmark
3.06x
Price to Earnings (12-Month Trailing)
Fund
17.91x
Benchmark
22.59x
Return on Assets
Fund
12.88%
Benchmark
6.54%

Market Capitalization Allocation

As of 10/30/2025 % of Equity (Updated Daily)

Market Capitalization Fund
<2.0 Billion 0.35%
2.0-5.0 Billion 2.38%
5.0-10.0 Billion 13.04%
10.0-25.0 Billion 45.91%
25.0-50.0 Billion 30.25%
>50.0 Billion 8.02%
N/A 0.06%

Chart

Bar chart with 7 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.0568 to 45.9099.
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Holdings

As of 10/31/2025 (Updated Daily)

ELECTRONIC ARTS INC
CUMMINS INC
FERGUSON ENTERPRISES INC
IDEXX LABORATORIES INC
SYNCHRONY FINANCIAL
METTLER-TOLEDO INTERNATIO
DELTA AIR LINES INC
CENCORA INC
WILLIAMS-SONOMA INC
ALNYLAM PHARMACEUTICALS I
Skipped to Distributions Section Content

Distributions & Tax

Distribution Frequency
QuarterlyThis fund is an ex-Dividend fund
Capital Gain Distributions
December

Rates and Yields Read important information about results and other investment disclosures

Distribution Rate 4

As of 10/31/2025 (Updated Daily)
At Net Asset Value (NAV) 1.38%
At Market Price 1.38%

30-Day SEC Yield 7,8,9

As of 09/30/2025 (Updated Monthly)
w/ Waiver  1.36%
w/o Waiver 1.36%

Distributions are not guaranteed and are subject to change.

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share
Distribution amounts may be estimates

09/22/2025
06/27/2025
03/21/2025

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Skipped to Pricing Section Content

Pricing

Premium/Discount Analysis 10

As of 09/30/2025 (Updated Quarterly)

Premium / Discount

Total Days in Period
64
Days at NAV
2
Days at Premium
43
Days at Discount
19
Greatest Premium
On 07/02/2025
$0.25
Greatest Discount
On 09/15/2025
$-0.02
Premium/Discount Analysis Breakdown
0% to 0.5% 43 days
0.0% 2 days
-0.5% to 0% 19 days

 

Bar chart with 3 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Days. Data ranges from 2 to 43.
End of interactive chart.

Historical Premium/Discount 11

As of 10/31/2025 (Updated Daily)

Chart

Line chart with 24 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-09-30 00:00:00 to 2025-10-31 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from -0.11 to 0.14.
End of interactive chart.
Skipped to Documents Section Content

Documents

Fund Literature
 Name Download Add to Cart
Factsheet - Franklin U.S. Mid Cap Multifactor Index ETFDownload Document
Product Commentary - Franklin U.S. Mid Cap Multifactor Index ETFDownload Document
Regulatory Documents
 Name Download Add to Cart
Annual Report - Franklin U.S. Mid Cap Multifactor Index ETF - Single ClassDownload Document
Annual Financial Statements and Other Information - Franklin Templeton ETF TrustDownload Document
Semi-Annual Report - Franklin U.S. Mid Cap Multifactor Index ETF - Single ClassDownload Document
Semi-Annual Financial Statements and Other Information - Franklin U.S. Large Cap Multifactor Index ETFDownload Document
Prospectus - Franklin Templeton ETF Trust Smart Beta FundsDownload Document
Summary Prospectus - Franklin U.S. Mid Cap Multifactor Index ETF FundDownload Document
Statement of Additional Information - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.Download Document
Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.Download Document

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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. These and other risks are discussed in the fund’s prospectus.

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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.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

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 Mid Cap Index measures the performance of the mid-cap segment of the U.S. equity universe.
Source: FTSE.

The LibertyQ U.S. Mid Cap Equity Index is based on the Russell Midcap Index, its parent index, which measures the performance of the mid-cap segment of the U.S. equity universe. The LibertyQ U.S. Mid 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. Mid 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. Mid 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. Mid 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. Mid 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. Mid 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. Mid 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

  1. 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. 

  2. Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.

  3. 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. 
    ©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.

  4. 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. 

  5. 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.

  6. Net Expense Ratio represents the expense ratio applicable to investors. 

  7. During periods of rising inflation, fund yields can vary significantly from month-to-month and may not be repeated.

  8. With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.

  9. 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.

  10. 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).

  11. 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. 

  12. 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.