Key stats
About Franklin U.S. Mid Cap Multifactor Index ETF Trust Units
Home page
Inception date
Jan 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Franklin Templeton Investments Corp.
ISIN
CA3551401043
FMID tracks an index of US-listed mid-cap stocks selected and weighted based on four different factors: quality, value, momentum, and low volatility. The index attempts to achieve a lower level of risk and higher risk-adjusted performance than the broader mid-cap equity market. Quality and value are assessed using fundamental metrics: ROE, earnings variability, and leverage ratios for quality, and earnings yield, dividend yield, and book-to-price ratios for value. Meanwhile, momentum uses 6- and 12-month risk-adjusted price movements and volatility (beta) embraces technical attributes. Although FLQM incorporates all four factors, the portfolio emphasizes fundamental rather than technical components, with quality and value given 50% and 30% weight, respectively, while momentum and volatility claim only 10% each. The index undergoes semi-annual rebalance and reconstitution.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Retail Trade
Stocks100.17%
Finance16.57%
Technology Services13.01%
Retail Trade11.92%
Health Technology9.82%
Distribution Services6.69%
Consumer Non-Durables6.00%
Transportation5.53%
Producer Manufacturing4.39%
Consumer Durables4.20%
Consumer Services4.16%
Electronic Technology3.85%
Commercial Services3.59%
Industrial Services2.49%
Health Services2.40%
Energy Minerals2.00%
Process Industries1.47%
Utilities1.06%
Miscellaneous0.77%
Communications0.09%
Bonds, Cash & Other−0.17%
Cash−0.17%
Stock breakdown by region
North America97.52%
Europe2.48%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMID invests in stocks. The fund's major sectors are Finance, with 16.60% stocks, and Technology Services, with 13.03% of the basket. The assets are mostly located in the North America region.
FMID top holdings are Cummins Inc. and Synchrony Financial, occupying 1.27% and 1.21% of the portfolio correspondingly.
FMID assets under management is 11.22 M CAD. It's risen 2.41% over the last month.
FMID fund flows account for 966.00 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, FMID doesn't pay dividends to its holders.
FMID shares are issued by Franklin Resources, Inc. under the brand Franklin. The ETF was launched on Jan 30, 2025, and its management style is Passive.
FMID follows the LibertyQ U.S. Mid Cap Equity Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMID invests in stocks.
FMID trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.