Skip to content
etf.net

Launched · SEC filings

Franklin Systematic Style Premia ETF

FLSPNYSE ArcaFranklin TempletonA

$28.99+0.06 (+0.21%)

As of Nov 4, 2026, 12:45 PM ET

A77/ 100

Rank 1 of 30 in Alternative Strategies

A77/100Rank 1 of 30inAlternative Strategies
Intraday session: up, 40 prints from 28.93 to 28.99. Range 28.90 to 29.05. Use the arrow keys to read each point.28.9028.9529.0229.0510 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$1.11B
1Y total return
+10.7%
Yield · Last 12 months
2.47%
Holdings
293
Avg volume · 30D
163K sh
52W range
low $26.46high $30.08
Launched
Filings
SEC EDGAR

The ETF.net FLSP Grade

Based on 5 of 6 pillars

A

Score 77 out of 100

Category
Alternative Strategies⁠
Rank
1 of 30
Six-pillar profile for FLSP. Scores out of 100: Cost 93, Risk 65, Mission not scored, Tradability 53, Holdings 84, Durability 85. Strongest: Cost (93). Weakest: Tradability (53). Based on 5 of 6 pillars.

Score 77 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.
    A93 out of 100
    Rank 3 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.
    B65 out of 100
    Rank 11 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 12 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A84 out of 100
    Rank 3 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 2 of 30

Our read on FLSP

ETF.net Research

In short

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

  • Runs 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.
  • Three return sources under one ticker: value, momentum and carry, blended top-down instead of stacked onto a single stock screen.
  • Spreads the bet across roughly 300 positions, so no single name carries the fund.
  • Live 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

  • At 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.
  • No 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.
  • Distributions land once or twice a year, not on a monthly rhythm.

FLSP Holdings

Holdings pillarA84 out of 100Rank 3 of 17 in Alternative Strategies
Asset class
Other
Holdings
293
Top-10 weight
94%
Largest holding
Recv TRSPAYMSFTLSSPRCV07/50.4%

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 States52.21%
  • Canada13.47%
  • United Kingdom12.99%
  • Japan6.11%
  • South Africa3.34%
  • Switzerland2.62%
  • France1.71%
  • Germany1.52%
  • Other countries (18)6.02%

Developed 92% · Emerging 8% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 20.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataRecv TRSPAYMSFTLSSPRCV07/50.42%596,851,013$597M1
2No dataIft - Money Market Port23.18%274,338,557$274M43
3No dataCash7.20%85,174,151$85.2M402
4No dataMs Cash Bal USD5.07%60,025,027$60M3
5No dataRbc Bluebay Us Govt Mm-In1.74%20,579,791$20.6M1
6No dataCurrency Contract - USD1.70%-8,941,643,071$20.1M15
7MSFTMicrosoft Corp1.53%35,639$18.1M821
8GOOGAlphabet Inc-Cl C1.17%49,786$13.8M475
9GEGeneral Electric1.11%41,791$13.2M405
10MUMicron Technology Inc1.10%15,650$13M685
11GILDGilead Sciences Inc1.07%74,123$12.6M492
12GSGoldman Sachs Group Inc1.06%13,966$12.6M399
13CSCOCisco Systems Inc1.03%120,187$12.2M584
14MSMorgan Stanley1.01%64,375$12M421
15DISWalt Disney Co/The0.94%98,592$11.2M382

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$11,065
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. FLSP $11,065. SPY $11,158. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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+7.5%
1 month+0.8%
3 months+3.1%
1 year+10.7%
3 yearsper year+10.7%
5 yearsper year+8.5%
10 yearsFund is under 10 years oldper yearNo data

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+7.5%
2025+15.5%
2024+11.7%
2023+3.1%
2022+0.3%
2021+11.4%
2020−15.2%

FLSP in the news

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 Nov 3, 2026.
2.47%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

$10,000 in FLSP 5 years ago paid $840 in dividends.

FLSP Risk

Risk pillarB65 out of 100Rank 11 of 30 in Alternative Strategies
How much the fund’s monthly returns vary, scaled to a year.
6.8%
Annualised · 36 months to Oct 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.
0.87
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

FLSP Cost

Compare FLSP and HBDC

Overpaying vs HBDC, cheapest in Alternative Strategies

$4,819

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLSP 0.65%

    $12,717

  • HBDC 0.39% Cheapest

    $7,898

$10,000
30 years

Cost over time

  • FLSP 0.65%
  • HBDC 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FLSP $12,717HBDC $7,898

Year by year

YearFLSPHBDCOverpaying
10$1,163$705$458
20$4,440$2,725$1,715
30$12,717$7,898$4,819

Other funds in Alternative Strategies

See others