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FLSP
Franklin Liberty Systematic Style Premia ETF

Price: $20.37
Change: $0.35 (0.02%)
Category: Long-Short
Last Updated:

Vitals

Investment Themes

Analyst Report

The Franklin Liberty Systematic Style Premia ETF (FLSP) is an actively managed fund that allocates its assets across two strategies. In the first, the portfolio managers focus on factors like value, momentum, and carry, and consider those factors in making bullish and bearish bets across stocks, bonds, commodities, and currencies. In the second strategy, the team uses factors like quality, momentum, and value in determining whether to hold long or short positions in individual stocks and stock indices. The fund is reasonably priced for what it offers but offers little liquidity and often trades at wide spreads.

Ultimately any actively managed fund is a bet on the manager’s ability to outperform the market. FLSP is reasonably priced for what it offers but is not a tool for buy-and-hold investors who want low-cost, diversified asset allocation.

There are other hedge-fund imitators in the ETF marketplace. Given the consistent under-performance of active management, investors might wonder if there’s any point in trying to mimic them, but that hasn’t stopped issuers from trying. Other variations include the SPDR SSga Multi-Asset Real Return ETF (RLY), the RPAR Risk Parity ETF (RPAR), and the First Trust Long/Short Equity ETF (FTLS).

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.30
  • 52 Week Hi $21.34
  • AUM $50.8 M
  • Shares 2.5 M

Historical Trading Data

  • 1 Month Avg. Volume 5,335
  • 3 Month Avg. Volume 2,230

Alternative ETFs in the Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest QMJ 0.37% $7.8 M 1,225 8.67%
Largest (AUM) QAI 0.78% $798.6 M 108,306 -0.25%
Most Liquid (Volume) BTAL 2.19% $98.6 M 108,817 -11.74%
Top YTD Performer ESNG 0.42% $8.3 M 694 14.96%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

355
Number of Holdings
40.63%
% Assets in Top 10
45.33%
% Assets in Top 15
62.22%
% Assets in Top 50
Number of Holdings
355

% Assets in Top 10
40.63%

% Assets in Top 15
45.33%

% Assets in Top 50
62.22%

FLSP Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
21.16

FLSP Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$1.54
Dividend Date
2020-12-14
Annual Dividend Rate
$1.59

$1.54
Dividend
2020-12-14
Dividend Date
$1.59
Annual Dividend Rate
Annual Dividend Yield
7.80%

FLSP Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 1.96 M 6 Month Net Flows: 1.96 M 1 Year Net Flows: 6.49 M 3 Year Net Flows: 52.18 M 5 Year Net Flows: 52.18 M 10 Year Net Flows: 52.18 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FLSP on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Long-Short with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FLSP Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.538%
ETF Wtd. Average
0.19%
Category Average
0.99%
Expense Ratio
0.65%
ESG Themes and Scores

FLSP does not have an ESG score. There are no ESG themes that map to this ETF.

FLSP Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.35%
1 Week Return
2.82%
4 Week Return
3.40%
13 Week Return
2.00%
26 Week Return
3.61%
Year to Date Return
-3.59%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
-0.35%

4 Week Return
2.82%

13 Week Return
3.40%

26 Week Return
2.00%

Year to Date Return
3.61%

1 Year Return
-3.59%

3 Year Return
No Ranking Available

5 Year Return
No Ranking Available

FLSP Price and Volume Chart

Sector Breakdown

FLSP Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
15.50%
Rank
19 of 21

20 Day Volatility
9.65%
Rank
13 of 21

50 Day Volatility
19.80%
Rank
2 of 21

200 Day Volatility
18.81%
Rank
3 of 21

Beta
0.04
Rank
18 of 21

Standard Deviation
0.70%
Rank
18 of 20

Technicals

  • 20 Day MA $19.99
  • 60 Day MA $19.65
  • MACD 15 Period 0.27
  • MACD 100 Period 0.67
  • Williams % Range 10 Day 16.84
  • Williams % Range 20 Day 5.28
  • RSI 10 Day 64
  • RSI 20 Day 61
  • RSI 30 Day 58
  • Ultimate Oscillator 61

Bollinger Brands

  • Lower Bollinger (10 Day) $19.88
  • Upper Bollinger (10 Day) $20.54
  • Lower Bollinger (20 Day) $19.43
  • Upper Bollinger (20 Day) $20.53
  • Lower Bollinger (30 Day) $19.35
  • Upper Bollinger (30 Day) $20.41

Support & Resistance

  • Support Level 1 $20.35
  • Support Level 2 $20.33
  • Resistance Level 1 $20.38
  • Resistance Level 2 $20.39

Stochastic

  • Stochastic Oscillator %D (1 Day) 49.86
  • Stochastic Oscillator %D (5 Day) 46.79
  • Stochastic Oscillator %K (1 Day) 45.24
  • Stochastic Oscillator %K (5 Day) 53.81

Fact Sheet

A fact sheet is not available for this ETF. Please visit the FLSP ETF home page for more information.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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