Franklin U.S. Small Cap Multifactor Index ETF
$47.87+0.06 (+0.13%)
- 0.35%
- $50M
- +15.4%
- 1.53%
- 0M sh
- $47.78
- low $40.76high $50.86
The ETF.net FLQS Grade
C
Score 52 out of 100
- 58 of 99
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 56 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 39 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 65 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F20 out of 100Rank 95 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 19 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 66 of 99
Our read on FLQS
CFour screens (value, quality, momentum, low volatility) run across about 500 small U.S. companies. Franklin's LibertyQ recipe, live since 2017: small-cap breadth with a rules-based tilt instead of a plain size index.
The Fund seeks to track, before fees and expenses, the LibertyQ U.S. Small Cap Equity Index. It normally invests at least 80% of assets in the index's component securities.
Why people hold it
- Four factors in one ticket: value, quality, momentum and low volatility, blended by index rule rather than by a manager's mood.
- Roughly 500 names spread single-stock accidents thin, which counts for more in small caps than anywhere else on the risk spectrum.
- Sticks close to its LibertyQ benchmark, so the index rulebook is a fair description of what actually sits in the portfolio.
- Same mandate since its 2017 launch, with income paid out quarterly.
Worth knowing
- 0.35% a year sits a shade above the typical multifactor peer, and above cheaper rules-based options such as FNDX at 0.25%.
- One of the lighter-traded funds in its category, so bid-ask spreads can add cost beyond the headline fee.
- Small caps swing harder than large caps. The low-volatility screen softens that ride, it does not remove it.
FLQS Holdings
- Stocks
- 495
- 10%
- QLYS
Sectors
- Technology17.3%
- Consumer Discretionary16.1%
- Health Care13.4%
- Financials13.0%
- Industrials12.5%
- Consumer Staples7.8%
- Utilities5.5%
- Real Estate5.5%
- Energy5.1%
- Materials2.0%
- Communication1.7%
Geography
- United States92.59%
- Bermuda2.93%
- Ireland1.25%
- Monaco0.65%
- United Kingdom0.53%
- Cayman Islands0.44%
- Guernsey0.24%
- France0.22%
- 1.14%
FLQS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FLQS$11,537
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLQS |
|---|---|
| Year to date | +12.0% |
| 1 month | −0.9% |
| 3 months | −2.2% |
| 1 year | +15.4% |
| 3 years | +13.9% |
| 5 years | +6.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLQS |
|---|---|---|
| 2026 YTD | +12.0% | |
| 2025 | +5.0% | |
| 2024 | +8.3% | |
| 2023 | +21.3% | |
| 2022 | −16.9% | |
| 2021 | +26.6% | |
| 2020 | +10.5% |
FLQS in the news
FLQS Dividends
- 1.53%
- $0.73
- $0.20 per share
- Quarterly
Distribution history
FLQS Risk
- 17.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLQS Cost
0.35%
FLQS0.35%
- The middle half of US Multifactor funds
- Median 0.30%
55 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- CXSVMInvesco S&P SmallCap Value with Momentum ETFExpense ratio 0.36%1 year return +24.2%
- CAFLGFirst Trust Active Factor Large Cap ETFExpense ratio 0.55%1 year return +20.3%
- CFNXFirst Trust Mid Cap Core AlphaDEX FundExpense ratio 0.62%1 year return +13.6%
- CBFORALPS ETF Trust - Barron's 400 ETFExpense ratio 0.65%1 year return +20.7%
- CGRPMInvesco S&P MidCap 400 GARP ETFExpense ratio 0.35%1 year return +21.4%