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Launched · SEC filings

Franklin Systematic Style Premia ETF

FLSPNYSE ArcaA

$28.95+0.17 (+0.59%)

At close: Oct 13, 2026, 4:00 PM

A73/ 100

Rank 5 of 30 in Alternative Strategies

A73/100Rank 5 of 30inAlternative Strategies
Intraday session: up, 53 prints from 28.78 to 28.95. Range 28.71 to 28.95. Use the arrow keys to read each point.28.7028.7528.8528.9010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$1.1B
1Y total return
+12.8%
Yield · Last 12 months
2.48%
Holdings
293
Avg volume · 30D
0.1M sh
NAV per share
$28.84
52W range
low $26.03high $30.00
Launched
Filings
SEC EDGAR

The ETF.net FLSP Grade

Based on 4 of 6 pillars

A

Score 73 out of 100

Category
Alternative Strategies⁠
Rank
5 of 30
Six-pillar profile for FLSP. Scores out of 100: Cost 90, Risk 61, Mission not scored, Tradability 52, Holdings not scored, Durability 84. Strongest: Cost (90). Weakest: Tradability (52). Based on 4 of 6 pillars.

Score 73 of 100 falls in the A 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.
    A90 out of 100
    Rank 4 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 14 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 16 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 2 of 30

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 Oct 13, 2026
Asset class
Other
Holdings
293
Top-10 weight
97%
Largest holding
Recv TRSPAYMSFTLSSPRCV07/54.3%

Sectors

  • Technology23.0%
  • Financials20.2%
  • Industrials10.7%
  • Health Care10.3%
  • Consumer Discretionary7.5%
  • Communication6.4%
  • Materials6.2%
  • Energy6.2%
  • Consumer Staples4.8%
  • Utilities3.5%
  • Real Estate1.0%

Geography

  • United States74.40%
  • Japan11.95%
  • France3.08%
  • Ireland3.03%
  • Switzerland1.69%
  • Spain1.54%
  • Hong Kong1.34%
  • Uruguay1.04%
  • Other countries (5)1.93%
The fund’s holdings, weight-ordered — page 1 of 20.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Recv TRSPAYMSFTLSSPRCV07/54.29%593,321,741$593M1
002—Ift - Money Market Port24.50%267,741,239$268M41
003—Ms Cash Bal USD6.80%74,327,120$74M3
004—Currency Contract - USD2.33%-8,941,523,533$25M24
005MSFTMicrosoft Corp1.74%35,639$19M815
006GOOGAlphabet Inc-Cl C1.58%49,786$17M478
007MUMicron Technology Inc1.47%15,650$16M679
008—Rbc Bluebay Us Govt Mm-In1.33%14,588,934$15M1
009CSCOCisco Systems Inc1.30%120,187$14M592
010GEGeneral Electric1.18%41,791$13M405
011ANETArista Networks Inc1.17%59,095$13M509
012GSGoldman Sachs Group Inc1.14%13,966$13M398
013LRCXLam Research Corp1.14%39,001$12M606
014MSMorgan Stanley1.12%64,375$12M425
015GILDGilead Sciences Inc1.03%74,123$11M492

Showing 1–15 of 293 holdings

FLSP Performance

Launched Dec 18, 2019

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.
FLSP$11,277
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FLSP $11,277. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for FLSP. Periods over one year show the average yearly return.
PeriodFLSP
Year to date+6.9%
1 month+0.3%
3 months+4.2%
1 year+12.8%
3 yearsper year+10.1%
5 yearsper year+8.5%
10 yearsFund is under 10 years oldper 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+6.9%
2025+15.5%
2024+11.7%
2023+3.1%
2022+0.3%
2021+11.4%
2020−15.2%

FLSP in the news

Filtered to FLSP · Alternative Strategies

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 Oct 12, 2026.
2.48%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.
6.8%
Annualised · 36 months to Sep 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.
0.79
vs 3-month T-bills · to Sep 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%

3 of the 30 Alternative Strategies funds charge less.

FLSP costs $65.00 a year on $10,000. The median Alternative Strategies fund costs $100.50.

Other funds in Alternative Strategies

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