Key stats
About Franklin Systematic Style Premia ETF
Expense ratio
0.65%
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Inception date
Dec 18, 2019
FLSP is a first for Franklin Templeton in the Alternatives space. The funds portfolio allocates assets across two underlying alternative investment strategies. The first is a top-down risk premia strategy focusing on four style factors: quality, value, momentum and carry assuming both long and short positions across equity, fixed income, commodity and currencies using derivatives. The second strategy is a bottom-up long/short equity strategy focused on quality, value and momentum. FLSP will primarily hold equity securities and total return swaps for short exposure. The fund is actively risk-managed, seeking a target annualized volatility of 8%. Investors should anticipate a higher portfolio turnover rate which may indicate higher transaction costs and taxes if shares are held in a taxable account. Prior to Aug. 1, 2022, the fund traded under the name Franklin Liberty Systematic Style Premia ETF.
Classification
What's in the fund
Exposure type
Cash
Stocks78.36%
Technology Services9.48%
Finance7.04%
Health Technology5.73%
Retail Trade3.11%
Electronic Technology3.04%
Energy Minerals2.93%
Consumer Non-Durables2.56%
Consumer Services2.43%
Commercial Services2.41%
Producer Manufacturing2.23%
Process Industries2.22%
Health Services2.05%
Utilities1.65%
Communications1.51%
Distribution Services1.51%
Consumer Durables1.45%
Non-Energy Minerals1.27%
Transportation1.21%
Industrial Services0.36%
Bonds, Cash & Other21.64%
Cash66.25%
Miscellaneous−44.61%