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).
| Segment | Alternatives: Hedge Fund Strategies |
| Category | Hedge Fund Strategies |
| Focus | Global Macro |
| Niche | Risk Premia |
| Strategy | Active |
| Weighting Scheme | Proprietary |
This section compares how balanced and deep this ETF is relative to its peers.
| FLSP | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 278 | 201 | 106 |
| % of Assets in Top 10 | 103.62% | 80.56% | 82.26% |
| % of Assets in Top 15 | 109.57% | 87.02% | 87.86% |
| % of Assets in Top 50 | 135.62% | 100.95% | 101.05% |
| FLSP | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 13.81% | 4.46% |
| Mid (>2.7B) | N/A | 1.74% | 0.54% |
| Small (>600M) | N/A | 1.23% | 0.41% |
| Micro (<600M) | N/A | 0.25% | 0.03% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| FLSP | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.26 | $ 0.56 | $ 0.37 |
| Dividend Date | 2023-12-15 | N/A | N/A |
| Annual Dividend Rate | $ 0.26 | $ 0.72 | $ 0.72 |
| Annual Dividend Yield | 1.07% | 2.42% | 2.71% |
View charts featuring FLSP price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 13.01 M 6 Month Net Flows: 20.07 M 1 Year Net Flows: 88.04 M 3 Year Net Flows: 132.46 M 5 Year Net Flows: 188.71 M 10 Year Net Flows: 188.71 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -171 KThe 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.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
FLSP does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| FLSP |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 0.11% | 2.41% | 1.14% |
| 3 Month Return | 1.80% | 2.05% | 0.06% |
| YTD Return | 10.97% | 11.39% | 6.42% |
| 1 Year Return | 9.89% | 15.84% | 8.26% |
| 3 Year Return | 6.62% | 3.08% | 1.20% |
| 5 Year Return | N/A | 2.50% | 1.08% |
The following charts reflect the geographic spread of FLSP's underlying holdings.
The following charts reflect the allocation of FLSP's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 27.04% |
| 20 Day Volatility | 10.15% |
| 50 Day Volatility | 9.68% |
| 200 Day Volatility | 13.69% |
| Beta | 0.02 |
| Standard Deviation | 0.75% |
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.
A fact sheet is not available for this ETF. Please visit the FLSP ETF home page for more information.
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