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Managed Fund Since 2023
Alternatives Active
FLSP Franklin Systematic Style Premia ETF
- Multi-asset diversification source. Aims to maintain low correlation to traditional asset classes and positive returns in rising or falling markets.
- Active and quant-driven. Seeks to keep risk within pre-determined bounds and invests portfolio across four style factors: quality, value, momentum and carry.
- Efficient. Access a long/short strategy in a transparent and liquid ETF.
Popular Documents
Total Net Assets
$906.02M
As of 05/26/2026 (Updated Daily)
Overview
Fund Facts
Fund description
The fund seeks to provide absolute return by employing a multi-asset long/short strategy across four factors: Quality, Value, Momentum, Carry.
- Benchmark
- ICE BofA US 3-Month Treasury Bill Index
- Fund Inception Date
- 12/18/2019
- Listing Exchange
- NYSE Arca
Identifiers
- Ticker
- FLSP
- CUSIP Code
- 35473P546
- ISIN Code
- US35473P5465
- Bloomberg Code
- FLSP US
Average Annual Total Returns As of 04/30/2026
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.
- 15.25%1 Year
- 9.81%3 Years
- 8.24%5 Years
- —10 Years
- 3.89%Since Inception
12/18/2019
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
6 - Multistrategy
Trading Characteristics
- Shares Outstanding
- 33,400,000
- Daily Volume
- 70,071
- 20-Day Average Volume
- 39067.55
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Commentary Highlights
March 31, 2026- Markets: Global equities declined during the first quarter of 2026, as the escalating conflict in the Middle East weighed heavily on investor sentiment. Foreign exchange (FX) volatility was also notable in the period, driven largely by the current geopolitical environment. Oil prices surged in March, exacerbating concerns about inflation and reducing confidence that central banks would be able to ease policy quickly. During the quarter, investors rotated away from some mega-cap technology names toward more cyclical and defensive areas of the market. US stocks broadly underperformed global, developed and emerging markets (EM) gauges, as EM equities declined only modestly. Fixed income returns were generally negative as global government bond markets sold off in March amid rising stagflationary concerns. Global commodities markets rose sharply, largely in March, boosted by supply shocks concentrated in energy and agriculture, with oil futures trading above US$100 per barrel.
- Contributors: The top-down risk premia and the bottom-up long/short equity strategies aided performance led by equity index futures and commodities.
- Detractors: Currency and interest rate positioning weighed on absolute returns, with positioning within the Quality factor detracting modestly.
Franklin Templeton Investment Solutions
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Managed Fund Since 2024
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Managed Fund Since 2019
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Managed Fund Since 2019
Latest Insights
May 8, 2026
April 7, 2026
March 26, 2026
March 25, 2026
Performance
Average Annual Total Returns
As of 04/30/2026
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.
Selected Month April 2026
Franklin Systematic Style Premia ETF - Market Price Return (%)
Month End
As of 04/30/2026
Franklin Systematic Style Premia ETF - NAV Return (%)
Month End
As of 04/30/2026
ICE BofA US 3-Month Treasury Bill Index (%)
Month End
As of 04/30/2026
Ratings 3
©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 of05/26/2026 (Updated Daily)
- Total Net Assets
- $906.02 Million
Positions
As of 04/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 331
Holdings
As of 05/26/2026 (Updated Daily)
RECV TRSPAYMSFTLSSPRCV07/
IFT - MONEY MARKET PORT
CURRENCY CONTRACT - USD
CURRENCY CONTRACT - USD
CURRENCY CONTRACT - GBP
CURRENCY CONTRACT - USD
CURRENCY CONTRACT - USD
MS CASH BAL USD
CURRENCY CONTRACT - HUF
CURRENCY CONTRACT - MXN
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
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
12/22/2025
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.
Pricing
Pricing History
As of 05/26/2026 (Updated Daily)
Daily Fund Prices
As of 05/26/2026
Share Prices
As of 05/26/2026
- NAV
(Net Asset Value) - $27.13
- NAV Change
- $0.06
- NAV Change (%)
- 0.22%
- Market Price
- $27.12
- Market Price Change
- $-0.16
- Market Price Change (%)
- -0.59%
52-Week Range
- Highest NAV
As of 03/02/2026 - $27.54
- Lowest NAV
As of 07/11/2025 - $23.98
- Highest Market Price
As of 03/03/2026 - $27.79
- Lowest Market Price
As of 07/11/2025 - $23.90
Premium / Discount
As of 05/26/2026
- 30-Day Median Bid/Ask Spread
- 0.63%
- Bid / Ask Spread
- $0.13
- Avg. of Market Price vs. NAV since Inception
- 0.10%
- Avg. of Market Price vs. NAV at Close
7 - -0.04%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Systematic Style Premia ETF | |||
| Product Commentary - Franklin Systematic Style Premia ETF | |||
| Flyer - Why Franklin's Systematic Style Premia ETF (FLSP) |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Systematic Style Premia ETF - Single Class | |||
| Annual Financial Statements and Other Information - Franklin Templeton ETF Trust 2 | |||
| Semi-Annual Report - Franklin Systematic Style Premia ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Franklin Income Equity Focus ETF | |||
| Prospectus - Franklin Templeton ETF Trust 2 Active Funds | |||
| Summary Prospectus - Franklin Systematic Style Premia ETF | |||
| Statement of Additional Information - Franklin Templeton ETF Trust 2 Active Funds | |||
| Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta Funds | |||
| Q3 Portfolio Holdings - Franklin Templeton ETF Trust |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. The fund is actively managed and could experience losses if the manager's judgment about particular investments, or its evaluation of the risks, potential returns and correlation properties of the various risk premia in which the fund invests, prove to be incorrect. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. There is no assurance that the quantitative methodology used will achieve its intended results. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Currency management strategies could result in losses to the fund if currencies do not perform as expected. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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 ICE BofA 3-Month U.S. Treasury Bill Index is an unmanaged index that comprises a single U.S. Treasury issue with approximately three months to final maturity, purchased at the beginning of each month and held for one full month.
Source: The index data referenced herein is the property of Intercontinental Exchange ("ICE") and/or its licensors and has been licensed for use by Franklin Templeton. ICE and its licensors accept no liability in connection with this use.