Equity Indexed

UDIV Franklin U.S. Core Dividend Tilt Index ETF

Broad US equity. Targets large- and mid-cap stocks representing the top 85% of the U.S. equity markets.
Equity income. Tracks an underlying index that aims to maximize yield per unit of active risk relative to the broad market.
Cost effective. Available for 6 basis points.

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 the Morningstar® US Dividend Enhanced Select IndexSM (Underlying Index).

Fund Inception Date: 06/01/2016
Listing Exchange: NYSE Arca
Underlying Index⁴: Linked Morningstar US Dividend Enhanced Select Index
Investment Universe⁵: Linked Morningstar US Target Market Exposure Index
30-Day SEC Yield—With Waiver^6,7,8As of 05/31/2026 (Updated Monthly): 1.54%
30-Day SEC Yield—Without Waiver^7,8As of 05/31/2026 (Updated Monthly): 1.54%
Dividend Frequency, if any: Quarterly
Distribution Rate at NAV⁹As of 06/12/2026 (Updated Daily): 1.29%

Expenses & Fees

As of 08/01/2025

Gross Expense Ratio¹⁰: 0.06%
Net Expense Ratio^10,11: 0.06%

Identifiers

Underlying Index Ticker: N/A
Ticker: UDIV
CUSIP Code: 35473P306
ISIN Code: US35473P3064
Bloomberg Code: UDIV US

Average Annual Total Returns As of 05/31/2026

View performance section for additional info As of 05/31/2026

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.

Market Price Return

NAV Return

35.23%1 Year
25.68%3 Years
14.35%5 Years
—10 Years
12.22%Since Inception
06/01/2016

Top Sectors

View portfolio section for additional info

As of 06/11/2026 % of Total (Updated Daily)

Top Sectors
Information Technology38.14%
Financials12.36%
Communication Services10.03%
Consumer Discretionary8.07%
Health Care7.74%

Additional Fund Info

Morningstar Category¹²: Large Blend
Fiscal Year End: March 31
ETF Type: Indexed
Frequency of Index Reconstitution: Quarterly

Trading Characteristics

(Updated Daily)

Shares Outstanding: 2,000,000
Daily Volume: N/A
20-Day Average Volume: N/A

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 Templeton Investment Solutions

Managed Fund Since 2016

Managed Fund Since 2019

Managed Fund Since 2022

Performance

Risk Measures

As of 05/31/2026

Franklin U.S. Core Dividend Tilt Index ETF - NAV Return

Measured against: Linked Morningstar US Target Market Exposure Index

Statistics

Beta

Standard Deviation (%)

Franklin U.S. Core Dividend Tilt Index ETF

Linked Morningstar US Target Market Exposure Index

Overall Morningstar Rating: Overall Morningstar Rating: 4 out of 5 stars
As of 05/31/2026

3 Years: 3 Years: 5 out of 5 stars
1201 Funds in category

5 Years: 5 Years: 4 out of 5 stars
1117 Funds in category

10 Years: —

Rating Category: Large 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.

The number of funds in the category for the Overall Morningstar Rating are listed in the funds in category for the 3-year rating.

Morningstar Style Box

As of 05/31/2026

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.

©2026 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 of06/14/2026 (Updated Daily)

Total Net Assets: $119.94 Million

Positions

As of 06/11/2026 (Updated Daily)

Number of Holdings

Fund: 288

Portfolio Statistics

As of 06/11/2026 (Updated Daily)

Price to Earnings (12-Month Forward)

Fund: 20.94x

Price to Earnings (12-Month Trailing)

Fund: 26.47x

Price to Book

Fund: 5.02x

Weighted Average Market Capitalization (USD)

Fund: $1,378.26 Billion

Geographic Allocation

As of 06/11/2026 % of Total (Updated Daily)

Geographic Allocation
Geography	Fund
North America	99.18%
United States	99.18%
Europe	0.68%
Netherlands	0.38%
Ireland	0.30%
Latin America/Caribbean	0.07%
Brazil	0.07%
Cash & Cash Equivalents	0.07%
Cash & Cash Equivalents	0.07%

Holdings
As of 06/11/2026 (Updated Daily)

NVIDIA CORP

APPLE INC

MICROSOFT CORP

AMAZON.COM INC

ALPHABET INC-CL A

ALPHABET INC-CL C

BROADCOM INC

MICRON TECHNOLOGY INC

META PLATFORMS INC-CLASS

TESLA INC

Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.

Distributions & Tax

Federal ID Number 81-1236972

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

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

Tax Information
Record Date	Ordinary Dividends Dividends paid by a fund that are derived from interest, dividends, net short-term capital gains and other types of ordinary income earned by the fund. For a fund that elects to pass through its foreign taxes paid (a non-cash item), a shareholder's allotted share of foreign taxes has been added to the “Ordinary Dividends” cash distributions received by the shareholder. If the fund passed through foreign taxes paid and later is refunded any portion of those taxes by a foreign tax authority, any interest paid to the fund on that refund is also required to be included in “Ordinary Dividends”.	Qualified Dividends The portion of a fund’s “Ordinary Dividends” that may be eligible for a reduced capital gain tax rate. To be eligible for the lower tax rates, certain holding periods apply and shareholders should consult their tax advisor to determine the amount eligible for the reduced rate. This amount represents both cash distributions and non-cash amounts, such as foreign taxes paid, that have been allocated to shareholders.	Capital Gain Distributions	Unrecaptured Section 1250 Gain	Non-Taxable Return Of Capital	Section 199a Dividends The portion of a fund’s “Ordinary Dividends” generated by a real estate investment trust or earned by a fund from its investments in real estate investment trusts, subject to limitations. Individual (non-corporate) shareholders may be entitled to a special deduction from gross income for “Section 199A Dividends” received from a fund. To qualify for this deduction certain holding periods apply and shareholders should consult their tax advisor.	Foreign Tax Paid	Exempt Interest Dividends	Interest on Tax Reclaim Refunds
Mar 21	0.151239	0.136826	—	—	—	0.009407	—	—	—
Jun 20	0.190069	0.171955	—	—	—	0.011822	—	—	—
Sep 19	0.20567	0.18607	—	—	—	0.012793	—	—	—
Dec 19	0.26604	0.240686	—	—	—	0.016548	—	—	—
	0.813018	0.735537	—	—	—	0.05057	—	—	—

Mar 21

Jun 20

Sep 19

Dec 19

Supplemental Tax Information

Foreign Source Income: —
Foreign Source Qualified Dividends: —
Direct U.S. Government Obligations The portion of “Ordinary Dividends” attributable to earnings from US Treasury and certain other government securities may be categorized as a fund containing US government obligations. This income may be exempt from state personal income taxes. The percentage for direct US government obligation interests available for tax-exempt treatment may be limited in states that require the fund to meet certain minimum thresholds. Shareholders should consult their tax advisor to determine the availability of exemptions in their state.: —
Specified Private Activity Bond Interest: —
Dividends Received Deduction: 87.51%
Section 163(j): —
Indiana Resident Taxable Income: —
Utah Resident Taxable Income The portion of “Exempt-Interest Dividends” subject to Utah income tax. Subject to certain exceptions, the state of Utah provides that income earned from non-federal government entities outside of Utah (non-Utah municipal bonds) is taxable to Utah resident shareholders. Income earned from states that do not tax Utah obligations are also exempt. Shareholders should consult their tax advisor about applicability.: —

Franklin Templeton and its specialized investment managers 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. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

Pricing History

As of 06/12/2026 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 06/12/2026

Share Prices

As of 06/12/2026

NAV ¹(Net Asset Value): $59.97
NAV Change ¹: $0.37
NAV Change (%) ¹: 0.62%
Market Price ¹: $59.97
Market Price Change ¹: $0.35
Market Price Change (%) ¹: 0.59%

52-Week Range

Highest NAV As of 06/02/2026: $61.28
Lowest NAV As of 06/20/2025: $46.41
Highest Market Price As of 06/02/2026: $61.32
Lowest Market Price As of 06/20/2025: $46.42

Premium / Discount

As of 06/12/2026

30-Day Median Bid/Ask Spread: 0.15%
Bid / Ask Spread: $0.07
Avg. of Market Price vs. NAV since Inception: 0.05%
Avg. of Market Price vs. NAV at Close ¹³: 0.00%

Documents

Fund Literature

Fund Literature
Checkbox	Name	Download	Add to Cart
Checkbox	Factsheet - Franklin U.S. Core Dividend Tilt Index ETF	Download Document

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Annual Report - Franklin U.S. Core Dividend Tilt 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. Core Dividend Tilt 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 3 Smart Beta Funds	Download Document
Checkbox	Summary Prospectus - Franklin U.S. Core Dividend Tilt Index ETF	Download Document
Checkbox	Statement of Additional Information - Franklin Templeton ETF Trust 3 Smart Beta FundsMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta FundsMailed hardcopies unavailable.	Download Document
Checkbox	Q3 Portfolio Holdings - Franklin Templeton ETF TrustMailed 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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. In seeking to track its underlying index, the fund may become non‑diversified as a result of a change in relative market capitalization or index weighting of one or more constituents of the underlying index. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Performance of the fund may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. There can be no assurance that the underlying index's calculation methodology or sources of information will provide an accurate assessment of included issuers or that the included issuers will provide the fund with the market exposure it seeks. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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 Linked Morningstar US Target Market Exposure Index measures the performance of large- and mid-cap U.S. stocks.
The Linked Morningstar US Target Market Exposure Index reflects the performance of MSCI AC World ex-REITS Index-NR from fund inception through 7/31/2022 and Morningstar US Target Market Exposure Index thereafter.
The Franklin U.S. Core Dividend Tilt Index ETF is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates.

The Linked Morningstar US Dividend Enhanced Select Index is designed to deliver a higher dividend yield than its parent benchmark, the Morningstar US Target Market Exposure Index, while limiting the expected tracking error, using an optimizer to drive portfolio construction.
The Linked Morningstar US Dividend Enhanced Select Index reflects the performance of LibertyQ Global Dividend Index-NR from fund inception through 7/31/2022 and Morningstar US Dividend Enhanced Select Index thereafter.

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.

The Franklin U.S. Core Dividend Tilt Index ETF (the “Fund”) is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in index-based ETFs generally or in the Fund in particular or the ability of the Morningstar® US Dividend Enhanced Select IndexSM to track general market performance.
THE MORNINGSTAR ENTITIES EXPRESSLY DISCLAIM ANY WARRANTY AROUND THE ACCURACY, COMPLETENESS AND/OR TIMELINESS OF THE FUND OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

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. ©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.
On August 1, 2022, the Fund's underlying index was changed from the LibertyQ Global Dividend Index-NR to the Morningstar® US Dividend Enhanced Select IndexSM. Fund performance prior to that date reflects the Fund seeking to track the performance of the LibertyQ Global Dividend Index.
The Linked Morningstar US Target Market Exposure Index reflects the performance of MSCI AC World ex-REITS Index-NR from fund inception through 7/31/2022 and Morningstar US Target Market Exposure Index thereafter.
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 excludes special distributions. The Distribution Rate is subject to change and is not guaranteed nor 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.
©2026 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.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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 (6/3/16), 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.

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

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UDIV Franklin U.S. Core Dividend Tilt Index ETF

Popular Documents

Overview

Fund description

Expenses & Fees

Identifiers

Top Sectors

Additional Fund Info

Trading Characteristics

Manager and Commentary

About the Team

Performance

Risk Measures

Ratings 3

Portfolio

Geographic Allocation

Distributions & Tax

Federal ID Number 81-1236972

Pricing

Daily Fund Prices

Documents

Risks

Important Information

Footnotes

Ratings ³