FLSP
Franklin Liberty Systematic Style Premia ETF

Price: $20.66
Change: $0.06 (0.0%)
Category: Long-Short
Last Updated:

Vitals

Brand Franklin
Structure ETF
Expense Ratio 0.65%
ETF Home Page Home page
Inception Dec 18, 2019
Index Tracked ACTIVE - No Index

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).

ETF Database Themes

Category Long-Short
Asset Class Alternatives
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Alternatives: Absolute Returns
  • Category Absolute Returns
  • Focus Global Macro
  • Niche Tactical Asset Allocation
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.08
  • 52 Week Hi $20.78
  • AUM $55.3 M
  • Shares 2.7 M

Historical Trading Data

  • 1 Month Avg. Volume 752
  • 3 Month Avg. Volume 1,344

Alternative ETFs in the ETF Database Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CSM 0.46% $488.3 M 7,274 23.88%
Largest (AUM) QAI 0.79% $814.3 M 68,868 0.44%
Most Liquid (Volume) XYLD 0.60% $605.1 M 173,486 16.60%
Top YTD Performer CSM 0.46% $488.3 M 7,274 23.88%

Alternative ETFs in the FactSet Alternatives: Absolute Returns Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CPI 0.38% $55.1 M 4,826 0.16%
Largest (AUM) RPAR 0.51% $1.5 B 153,177 5.60%
Most Liquid (Volume) RPAR 0.51% $1.5 B 153,177 5.60%
Top YTD Performer RLY 0.50% $159.1 M 25,395 24.08%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FLSP ETF Database Category Average FactSet Segment Average
Number of Holdings 328 251 117
% of Assets in Top 10 30.76% 67.27% 71.15%
% of Assets in Top 15 37.24% 74.27% 79.07%
% of Assets in Top 50 63.57% 88.38% 94.84%

Size Comparison

FLSP ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 14.62% 2.27%
Mid (>2.7B) N/A 2.71% 0.11%
Small (>600M) N/A 1.61% 0.00%
Micro (<600M) N/A 0.11% 0.00%

FLSP Valuation

This section compares the P/E ratio of this ETF to its peers.

FLSP
P/E Ratio
20.59
ETF Database Category Average
P/E Ratio
15.78
FactSet Segment Average
P/E Ratio
15.16

FLSP Dividend

This section compares the dividend yield of this ETF to its peers.

FLSP ETF Database Category Average FactSet Segment Average
Dividend $ 0.24 $ 0.24 $ 0.37
Dividend Date 2021-06-10 N/A N/A
Annual Dividend Rate $ 1.77 $ 0.70 $ 0.55
Annual Dividend Yield 8.59% 2.01% 1.95%

FLSP Price and Volume Chart

FLSP Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 4.07 M 1 Year Net Flows: 6.04 M 3 Year Net Flows: 56.25 M 5 Year Net Flows: 56.25 M 10 Year Net Flows: 56.25 M

FLSP Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database 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 its peers.

Expenses Ratio Analysis

FLSP
Expense Ratio
0.65%
ETF Database Category Average
Expense Ratio
1.06%
FactSet Segment Average
Expense Ratio
1.01%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
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 peers.

FLSP ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.47% 0.69% 1.17%
3 Month Return 2.66% 1.05% 1.74%
YTD Return 6.30% 6.65% 7.24%
1 Year Return 1.30% 7.66% 10.34%
3 Year Return N/A 14.87% 11.08%
5 Year Return N/A 19.79% 12.64%

Geographic Exposure

The following charts reflect the geographic spread of FLSP's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of FLSP's underlying holdings.

FLSP Technicals

Volatility Analysis

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

5 Day Volatility
25.28%
Rank
13 of 21

20 Day Volatility
12.34%
Rank
5 of 21

50 Day Volatility
9.88%
Rank
9 of 21

200 Day Volatility
9.21%
Rank
11 of 21

Beta
0.05
Rank
16 of 21

Standard Deviation
0.48%
Rank
15 of 18

Technicals

  • 20 Day MA $20.41
  • 60 Day MA $20.46
  • MACD 15 Period 0.21
  • MACD 100 Period 0.38
  • Williams % Range 10 Day 1.12
  • Williams % Range 20 Day 0.48
  • RSI 10 Day 59
  • RSI 20 Day 55
  • RSI 30 Day 55
  • Ultimate Oscillator 62

Bollinger Bands

  • Lower Bollinger (10 Day) $20.28
  • Upper Bollinger (10 Day) $20.76
  • Lower Bollinger (20 Day) $20.09
  • Upper Bollinger (20 Day) $20.72
  • Lower Bollinger (30 Day) $20.13
  • Upper Bollinger (30 Day) $20.77

Support & Resistance

  • Support Level 1 $20.66
  • Support Level 2 $20.66
  • Resistance Level 1 $20.66
  • Resistance Level 2 $20.66

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.95
  • Stochastic Oscillator %D (5 Day) 83.26
  • Stochastic Oscillator %K (1 Day) 57.73
  • Stochastic Oscillator %K (5 Day) 71.94

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

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

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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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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