Franklin U.S. Large Cap Multifactor Index ETF (FLQL)
Franklin U.S. Large Cap Multifactor Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $79.64, up 0.71% on the session, giving a market capitalisation of $2.14B. Its beta of 0.97 implies it has historically moved less than the broad market.
FLQL is a multi-factor approach to the US equity market. The fund`s index starts with a Russell 1000 universe, an expansive definition of the large-cap space that includes many firms we consider midcaps. Then it scores each stock on four fundamental and technical factors: quality (50% weight), value (30%), momentum (10%), and low volatility (10%). Finally, the index selects stocks with the highest four-factor composite scores. Holdings are weighted by the composite score, scaled by market cap. FLQL may appeal to investors seeking diversified core US exposure with comprehensive factor tilts. The index undergoes semi-annual rebalance and reconstitution with issuer weights capped at 1% each. Prior to Aug. 1, 2022, the fund traded under the name Franklin LibertyQ U.S. Equity ETF.
Franklin U.S. Large Cap Multifactor Index ETF is most often compared with the following Financial Services names: