FLQM
Franklin U.S. Mid Cap Multifactor Index ETF
The Franklin LibertyQ U.S. Mid Cap Equity ETF tracks a US-listed midcap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.5 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin ETF Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 26, 2017 |
| Assets (mns) | $1,487 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| YUM! BRANDS INC | 1.3 % |
| EBAY INC | 1.2 % |
| KROGER CO | 1.2 % |
| PAYCHEX INC | 1.1 % |
| WILLIAMS-SONOMA INC | 1.1 % |
| GARMIN LTD | 1.1 % |
| VERISK ANALYTICS INC-CLASS A | 1.1 % |
| IDEXX LABORATORIES INC | 1.1 % |
| OTIS WORLDWIDE CORPORATION | 1.1 % |
| CENCORA INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 205 |
| Herfindahl-Hirschman Index | 72 |
| Wgt avg mkt cap (mns) | $24,188 |
| Large cap (>$10bn) | 85.0% |
| Mid cap ($2-10bn) | 13.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.8 % |
 |
BERMUDA | 2.1 % |
 |
SWITZERLAND | 1.1 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.5% | 9.5% | 13.8% | 9.3% | 14.4% | -- | 11.7% | Volatility | 11.4% | 12.9% | 13.3% | 16.8% | 21.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 86% |
| MSCI EAFE | 0.93 | 75% |
| MSCI Emg Mkts | 0.65 | 37% |
Liquidity Measures
| Avg. volume (000) | 201 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $16,432 |
Technical Indicators
| Recent close | $53.79 |
| 30d moving avg. | $53.77 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLQM |
Expenses vs. FLQM |
ALTAR Score™ vs. FLQM |
|---|---|---|---|---|
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 37.7% | -10 bp | -0.5% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 33.2% | -10 bp | +1.2% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 32.4% | -6 bp | -0.3% |
| DEUS | Xtrackers Russell US Multifactor ETF | 31.4% | -13 bp | -0.6% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 30.6% | -10 bp | -0.7% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 29.4% | +12 bp | -1.5% |
| IWP | iShares Russell Mid-Cap Growth ETF | 28.6% | -7 bp | -4.3% |
| ROUS | Hartford Multifactor US Equity ETF | 28.2% | -11 bp | -0.2% |
| IWR | iShares Russell Midcap ETF | 26.4% | -11 bp | -2.2% |
| FMDE | Fidelity Enhanced Mid Cap ETF | 25.7% | -7 bp | -2.1% |
Risk and Returns: FLQM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FLQM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FLQM
7.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.8%. FLQM's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places FLQM in the 79th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLQMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FLQM (30 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLQM | 30.0 | 9.3 | 39.3 |
| Peer Avg. | 32.0 | 15.0 | 47.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .