Summary: FLQL is a smart beta ETF focusing on Large Cap Blend category, with solid performance.

From Nasdaq: 2024-07-30 06:20:06

The Franklin U.S. Large Cap Multifactor Index ETF (FLQL) debuted on 04/26/2017. It is a smart beta ETF providing exposure to the Large Cap Blend category. Smart beta ETFs offer an alternative to market cap weighted indexes, aiming to beat the market through stock selection based on specific characteristics. FLQL is managed by Franklin Templeton Investments, with $1.30 billion in assets, and seeks to match the performance of the LibertyQ US Large Cap Equity Index.

The LibertyQ US Large Cap Equity Index selects stocks with favorable exposure to quality, value, momentum, and low volatility factors. With an expense ratio of 0.15%, FLQL aims for risk-adjusted outperformance. The ETF has a 12-month trailing dividend yield of 1.15% and is the Information Technology sector’s heaviest allocation at 32.70% with top holdings in Microsoft Corp., Apple Inc., and Nvidia Corp.

FLQL has posted a return of 16.45% and is up by 22.53% year-to-date. It has a beta of 0.94 and a standard deviation of 15.73%, diversifying company-specific risk across around 215 holdings. Investors seeking similar options can explore iShares Core S&P 500 ETF (IVV) and SPDR S&P 500 ETF (SPY) with expense ratios of 0.03% and 0.09% respectively, offering exposure to the Large Cap Blend segment.

For more information on FLQL and other ETFs, visit Zacks ETF Center. Subscribe to Zacks’ free Fund Newsletter for top news, analysis, and top-performing ETF insights. Explore other investment recommendations from Zacks Investment Research for the next 30 days.



Read more at Nasdaq: Is Franklin U.S. Large Cap Multifactor Index ETF (FLQL) a Strong ETF Right Now?