Franklin Emerging Market Core Dividend Tilt Index ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About DIEM
Under normal marketconditions, the Fund invests at least 80% of its assets in the component securities of the UnderlyingIndex and in depositary receipts representing such securities. The Underlying Index is a systematic,rules-based proprietary index that is maintained and calculated by Morningstar, Inc. (Morningstar orIndex Provider). The Underlying Index is based on the Morningstar®Emerging Markets Target Market Exposure Index (Parent Index) and is constructed by applying an optimizationprocess to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, whilelimiting expected tracking error to the Parent Index (i.e., to provide a “dividend tilt” throughthe selection and weighting of securities from the Parent Index), as described in greater detail below.The Parent Index includes large- and mid-capitalization stocks representing the top 85% of the investableuniverse (i.e., emerging markets equity markets) by float-adjusted market capitalization (“float-adjusted”means that only shares that are estimated to be publicly available to investors are included in the calculationof market capitalization). The Underlying Index is governed by published, objective rules for securityselection, exclusion, rebalancing and adjustments for corporate actions. The Underlying Index is reconstitutedquarterly.In particular, the construction process for the Underlying Index includes a securityselection and weighting process that aims to deliver a higher dividend yield than the Parent Index (with“dividend yield” calculated based on trailing twelve-month dividend yield) while limiting expectedtracking error to the Parent Index through an optimization process that is applied at each quarterlyreconstitution of the Underlying Index. Eligible stocks (i.e., those included in the Parent Index) arefed into an “optimizer” that selects and weights stocks in a manner that seeks to maximize the portfolio’sdividend yield (calculated as described above), subject to several constraints, such as those for individualstock, sector and country weightings, to try to limit expected tracking error relative to the ParentIndex, and portfolio turnover. At each quarterly reconstitution of the Underlying Index: (i) individualstock weightings are capped at the lesser of (a) three times their weighting in the Parent Index or (b)their weighting in the Parent Index plus 0.5%; (ii) after the optimization process is applied, stocksmust have a minimum weighting of0.005% to be included in the Underlying Index; (iii) sector weightings are kept within 5% of their weightingsin the Parent Index; (iv) country weightings are kept within 5% of their weightings in the Parent Indexand are capped at 3 times the country weight of the Parent Index; and (v) the one-way turnover of theUnderlying Index is capped at 20% (this portfolio turnover constraint may be relaxed if an optimal portfoliosolution is not feasible). As the Underlying Index is a “Core Dividend Tilt Index”that is designed to provide a “dividend tilt” by seeking to deliver a higher dividend yield thanthe Parent Index while at the same time providing “core” exposure to the emerging markets equitymarkets through the tracking error and other constraints described above, the Underlying Index includescertain stocks that do not currently pay dividends (in other words, the application of the tracking errorand other constraints as part of the index methodology security selection process results in certainnon-dividend paying stocks being included in the Underlying Index). The Underlying Index may includelarge- and mid-capitalization companies. As of May 31, 2025, the Underlying Index was comprised of 589securities with capitalizations ranging from $1.45 billion to $1.61 trillion. As of May 31, 2025, theUnderlying Index included issuers from the following countries: Brazil, Chile, China, Colombia, CzechRepublic, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Peru, Philippines, Saudi Arabia,South Africa, South Korea, Taiwan, Thailand, Turkey, and United Arab Emirates.The Fund, using a “passive”or indexing investment approach, seeks investment results that closely correspond, before fees and expenses,to the performance of the Underlying Index. The Fund may use either a replication strategy or representativesampling strategy. Under a replication strategy, the Fund will replicate the component securities ofthe Underlying Index as closely as possible (i.e., invest in all of the component securities in theirrespective weightings in the Underlying Index). However, it may not be possible or practicable to replicatethe Underlying Index. In these circumstances, the Fund may use a representative sampling strategy wherebythe Fund will invest in what it believes to be a representative sample of the component securities ofthe Underlying Index, but may not track the Underlying Index with the same degree of accuracy as wouldan investment vehicle replicating the entire Underlying Index. Under the representative sampling technique,the investment manager will select securities that collectively have an investment profile similar tothat of the Underlying Index, including securities that resemble those included in the Underlying Indexin terms of risk factors, performance attributes and other characteristics, such as market capitalizationand industry weightings. The Fund’s portfolio is generally reconstituted quarterly following the quarterlyreconstitution of the Underlying Index. TheFund may invest in equity futures (including equity index futures) and equity total return swaps to provideadditional opportunities to add value and better track the performance of the Fund’s Underlying index,such as to equitize cash and accrued income (i.e., gain equity market exposure and maintain liquidityuntil the Fund invests in individual securities), simulate investments in the Underlying Index, facilitatetrading or minimize transaction costs.The Fund may enter into foreign currency forward contractsand/or currency futures contracts to provide the Fund with additional opportunities to add value andbetter track the performance of the Fund’s Underlying Index, such as by facilitating local securitiessettlements or protecting against currency exposure in connection with distributions to Fund shareholders.TheFund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industryor group of industries to approximately the same extent that the Underlying Index is concentrated. Asof May 31, 2025, the Underlying Index was concentrated in the financial services and information technologysectors.
DIEM News
- 39,991 Shares in Franklin Emerging Market Core Dividend Tilt Index ETF $DIEM Purchased by Royal Bank of Canada
- (DIEM) Movement Within Algorithmic Entry Frameworks
- How (DIEM) Movements Inform Risk Allocation Models
- Trading Systems Reacting to (DIEM) Volatility
- Trading Systems Reacting to (DIEM) Volatility
- How Franklin Emerging Market Core Dividend Tilt Index Etf (DIEM) Affects Rotational Strategy Timing
- (DIEM) and the Role of Price-Sensitive Allocations
Data for DIEM is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.