Skip to content
etf.net

FLSP

GradeANew York Stock Exchange Arca

Franklin Systematic Style Premia ETF

Multi-Asset & Alternatives · Franklin Templeton · Inception 2019-12-18 · SEC filings

$28.61−0.07 (−0.23%)

As of Sep 23, 2026, 2:10 PM EDT

Intraday session: down, 45 prints from 28.68 to 28.61. Range 28.59 to 28.79. Use the arrow keys to read each point.$28.65$28.70$28.75$28.8010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$1.1B
1Y return
+12.5%
Yield · Last 12 months
2.49%
Holdings
330
Volume · 30D
0.1M sh
NAV per share
$28.57
52W range
low $26.02high $30.00

The ETF.net FLSP Grade

A

71/ 100

Rank 4 of 30 in Alternative Strategies⁠

Confidence Medium

Six-pillar profile for FLSP. Scores out of 100: Cost 86, Risk 62, Mission not scored, Tradability 50, Holdings not scored, Durability 83. Strongest: Cost (86). Weakest: Tradability (50). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank5/30 · top 17%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank12/30 · top 40%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank17/30 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 83
    Category rank3/30 · top 10%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on FLSP

ETF.net Research

AA hedge-fund style trade in an ETF wrapper. FLSP goes long and short across value, momentum and carry rather than just owning cheap stocks, which makes it the odd one out in a cohort of long-only factor funds.

Stated mandate

The fund uses a top-down risk-premia strategy focused on value, momentum, and carry factors, taking both long and short positions.

Why people hold it

  1. 01Runs both long and short positions, so the outcome hinges on the gap between the stocks it likes and the ones it doesn't, not purely on the market's direction.
  2. 02Three return sources under one ticker: value, momentum and carry, blended top-down instead of stacked onto a single stock screen.
  3. 03Spreads the bet across roughly 300 positions, so no single name carries the fund.
  4. 04Live since 2019 and now a multi-billion-dollar fund, with the daily liquidity and transparency of an ETF wrapper around a strategy usually sold in private vehicles.

Worth knowing

  1. 01At 0.65% a year it costs multiples of plain-vanilla factor peers like VONV (0.06%) and FNDX (0.25%). That is the price tag on the long/short machinery.
  2. 02No public index sits behind it, so there is no external yardstick to check it against, and results can look nothing like a US stock index in either direction.
  3. 03Distributions land once or twice a year, not on a monthly rhythm.

FLSP Holdings

As of Sep 22, 2026, 9:33 PM
Asset class
Other
Holdings
330
Top-10 weight
96%
Largest holding
RECV TRSPAYMSFTLSSPRCV07/52.5%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 19.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—RECV TRSPAYMSFTLSSPRCV07/52.55%583,720,754$584M1
002—IFT - MONEY MARKET PORT27.83%309,125,357$309M39
003—MS CASH BAL USD6.06%67,287,541$67M3
004MSFTMICROSOFT CORP1.60%35,469$18M792
005GOOGALPHABET INC-CL C1.56%49,549$17M471
006MUMICRON TECHNOLOGY INC1.46%15,576$16M655
007—RBC BLUEBAY US GOVT MM-IN1.39%15,405,800$15M1
008CSCOCISCO SYSTEMS INC1.21%120,716$13M567
009ANETARISTA NETWORKS INC1.13%61,360$13M490
010LRCXLAM RESEARCH CORP1.12%41,231$12M591
011—CURRENCY CONTRACT - USD1.05%-1,438,635,975$12M14
012MSMORGAN STANLEY1.04%56,041$12M423
013CRMSALESFORCE INC0.98%46,066$11M457
014GEGENERAL ELECTRIC0.97%33,747$11M404
015CCITIGROUP INC0.97%79,700$11M407

Showing 1–15 of 283 holdings

FLSP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FLSP$11,246
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FLSP $11,246. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for FLSP. Periods over one year show the average yearly return.
PeriodFLSP
Year to date+6.6%
1 month+1.5%
3 months+4.1%
1 year+12.5%
3 years+10.0%per year
5 years+8.6%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLSP
YearReturn barFLSP
2026 YTD+6.6%
2025+15.5%
2024+11.7%
2023+3.1%
2022+0.3%
2021+11.4%
2020−15.2%

FLSP in the news

ETF.net Research hasn’t filed on FLSP yet — coverage lands here as it’s written.

FLSP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.49%Last 12 months
Payout per share
$0.71Last 12 months
Last payment
$0.71 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 9 payments from 2019 to 2026 YTD. Dec 30, 2019 $0.005; Jun 11, 2020 $0.05; Dec 14, 2020 $1.54; Jun 10, 2021 $0.24; Dec 13, 2021 $0.02; Dec 12, 2022 $0.46; Dec 15, 2023 $0.26; Dec 20, 2024 $0.28; Dec 19, 2025 $0.71. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 29, 2025$0.71
Dec 20, 2024Dec 30, 2024$0.28
Dec 15, 2023Dec 26, 2023$0.26
Dec 12, 2022Dec 20, 2022$0.46
Dec 13, 2021Dec 21, 2021$0.02
Jun 10, 2021Jun 18, 2021$0.24
Dec 14, 2020Dec 23, 2020$1.54
Jun 11, 2020Jun 22, 2020$0.05
Dec 30, 2019Jan 8, 2020$0.005

FLSP Risk

How much the fund’s monthly returns vary, scaled to a year.
6.9%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−9.5%
Trough Nov 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FLSP Cost

Expense ratio0.65%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

4 of the 29 Alternative Strategies funds charge less.

FLSP costs $65.00 a year on $10,000. The median Alternative Strategies fund costs $100.00.