FLQS
Franklin U.S. Small Cap Multifactor Index ETF
The Franklin LibertyQ U.S. Small-Cap Equity ETF tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
45.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin ETF Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 26, 2017 |
| Assets (mns) | $46 |
| Expense ratio | 35 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HIMS & HERS HEALTH, INC. CLASS A | 1.2 % |
| SPROUTS FARMERS MARKET INC | 1.2 % |
| COMMVAULT SYSTEMS INC | 1.1 % |
| MUELLER INDUSTRIES INC | 1.1 % |
| APPLIED INDUSTRIAL TECH INC | 1.0 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 1.0 % |
| BADGER METER INC | 1.0 % |
| RAMBUS INC | 0.9 % |
| ALKERMES PLC | 0.9 % |
| CORCEPT THERAPEUTICS INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 493 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $3,399 |
| Large cap (>$10bn) | 0.9% |
| Mid cap ($2-10bn) | 71.7% |
| Small cap (<$2bn) | 26.8% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
BERMUDA | 1.6 % |
 |
IRELAND | 1.0 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.1% | 15.1% | 11.6% | 7.2% | 9.9% | -- | 8.5% | Volatility | 14.3% | 18.6% | 17.9% | 20.0% | 26.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 70% |
| MSCI EAFE | 0.93 | 60% |
| MSCI Emg Mkts | 0.61 | 27% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $5,983 |
Technical Indicators
| Recent close | $41.42 |
| 30d moving avg. | $42.55 |
| Annualized volatility | 20.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 8.0% |
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. FLQS |
Expenses vs. FLQS |
ALTAR Score™ vs. FLQS |
|---|---|---|---|---|
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 38.9% | +4 bp | -0.7% |
| PSC | Principal U.S. Small-Cap ETF | 38.9% | +3 bp | -0.6% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 38.4% | -15 bp | -1.6% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 36.8% | -17 bp | -1.2% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 36.0% | -6 bp | +1.2% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 35.9% | -20 bp | -1.2% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 35.8% | -20 bp | -0.1% |
| IJR | iShares Core S&P Small Cap ETF | 35.1% | -29 bp | +0.8% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 34.6% | -23 bp | +0.5% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 34.2% | -20 bp | +1.9% |
Risk and Returns: FLQS 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 2/21/2025
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
FLQS
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FLQS
6.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 957 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FLQS's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FLQS in the 60th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLQSSELL
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 |
| FLQS (35 bp) Percentile rank | 36 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLQS | 35.0 | 14.6 | 49.6 |
| Peer Avg. | 32.0 | 15.0 | 47.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .