Franklin Systematic Style Premia 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 FLSP
TheFund seeks to achieve its investment goal by allocating its assets across two underlying “alternative”investment strategies, which represent top-down and bottom-up approaches to capturing factor-based riskpremia. A “risk premium” is the economic concept that an investor should receive a premium(that is, a higher expected return) for bearing risk. In other words, risk premium refers to the returnthat is expected for assuming a particular market risk. The strategies consist of a top-down risk premiastrategy and a bottom-up long/short equity strategy, each of which is described below.Top-down risk premiastrategy. The top-down risk premia strategy focuses on value, momentum and carry factorsin taking both long and short positions across equity, fixed income, commodity and currency asset classes.The exposure to the commodity and currency asset classes is obtained indirectly through the use of derivatives,while the exposure to the equity and fixed income asset classes is primarily obtained indirectly throughthe use of derivatives. Under normal market conditions, the top-down risk premia strategy invests primarilyin equity, interest rate/bond and commodity index futures; equity and commodity-linked total return swaps;and currency forwards.· Value – Value strategies favor investmentsthat appear cheap over those that appear expensive based on fundamental measures related to price, seekingto capture the tendency for relatively cheap assets to outperform relatively expensive assets. The investmentmanager seeks to buy assets that are “cheap” and sell or short those that are “expensive.”For purposes of the top-down risk premia strategy, examples of value measures include using price toearnings, price to forward earnings, price to book value and dividend yield.· Momentum– Momentum strategies favor investments that have performed relatively well over those that haveunderperformed over the medium-term (i.e., one year or less), seeking to capture the tendency that anasset’s recent relative performance will continue in the near future. The investment manager seeksto buy assets that recently outperformed their peers and sell or short those that recently underperformed.For purposes of the top-down risk premia strategy, examples of momentum measures include simple pricemomentum (measured over the prior twelve months with the most recent month removed) for selecting stocksand price- and yield-based momentum for selecting bonds.· Carry – An asset’s “carry”is its expected return assuming market conditions, including its price, stay the same. Carry strategiesfavor investments with higher yields over those with lower yields, seeking to capture the tendency forhigher-yielding assets to provide higher returns than lower-yieldingassets. The investment manager seeks to take long positions in high-yielding assets and sell or takeshort positions in low-yielding assets. An example of carry measures includes selecting currencies andbonds based on interest rates.Bottom-up long/short equity strategy. The bottom-up long/short equity strategyfocuses on quality, value and momentum factors in determining whether to hold long or short positionsin individual equity securities. Under normal market conditions, the bottom-up long/short equity strategyinvests primarily in equity securities and derivative instruments, including equity index futures andequity total return swaps, with equity index futures and equity total return swaps being used to obtainshort exposures. Long/short equity strategies generally seek to produce returns from investments in theequity markets by taking long and short positions in stocks and stock indices (through the use of derivativesor through a short position in an exchange-traded fund (ETF)). Long positions benefit from an increasein the price of the underlying instrument, while short positions benefit from a decrease in that price.· Quality– Quality strategies favor investments that exhibit relatively higher quality characteristics.Examples of quality measures include return on equity, earnings variability, cash return on assets andleverage.· Value– For the bottom-up long/short equity strategy, the value factor is used to identify cheapnessby using earnings, book value, sales and cash flow ratios relative to market capitalization, and enterprisevalue compared against a peer group. For purposes of the bottom-up long/short equity strategy, examplesof value measures include earnings yield; earnings before interest, tax, depreciation and amortization(EBITDA) to enterprise value; and dividend yield.· Momentum – For the bottom-up long/short equitystrategy, the momentum factor is used to identify investment trends by looking at historical price movementsthat are believed to persist and forward-looking information from analyst estimates. For purposes ofthe bottom-up long/short equity strategy, examples of momentum measures include 12-month return withthe most recent month removed (simple price momentum) and analyst earnings-per-share forecasts for growthacceleration.Under normal market conditions, the investment manager seeks to allocate assetsbetween the two factor-based risk premia alternative investment strategies described above accordingto each strategy’s estimated risk, as measured by historical returns based risk models. The allocationto each strategy is driven by the estimated risk contribution of each individual strategy to the Fund'soverall investment strategy, which the investment manager seeks to keep within certain pre-determinedbounds.Through the two strategies, the investment manager invests the Fund’s assetsbased on a systematic investment process for securities selection and asset allocationby utilizing quantitative models. Quantitative models are proprietary systems that rely on mathematicalcomputations to evaluate investment opportunities. By employing these two approaches, the investmentmanager seeks to provide positive absolute return over time while maintaining a relatively low correlationwith traditional markets. The exposure to individual factors may vary based on the market opportunityof the individual factors.Through the two strategies, the Fund may invest in or obtainexposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debtsecurities (which may include bonds, notes, debentures, banker’s acceptances and commercial paper),(iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments. The Fundmay invest in or obtain exposure to securities of U.S. and foreign companies of any capitalization size,including those located in emerging markets. The debt securities may include securities of the U.S. government,its agencies and instrumentalities and sovereign, quasi-sovereign and corporate bonds. In addition, thedebt securities in which the Fund may invest or obtain exposure to may be of any maturity or duration.The Fund also may, from time to time, hold significant amounts of cash or cash equivalents, includingmoney market instruments and affiliated or unaffiliated money market funds, due to its investments inderivative instruments. The Fund may engage in active and frequent trading as part of its investmentstrategies.TheFund may use derivatives for both hedging and non-hedging (investment) purposes. The Fund’s derivativeinvestments may include, among other instruments: (i) futures contracts, including futures on equity,interest rate/bond and commodity indices; (ii) swaps, including equity and commodity-linked total returnswaps; and (iii) currency forward contracts. These derivatives may be used to enhance Fund returns, increaseliquidity, gain long or short exposure to certain instruments, markets or factors in a more efficientor less expensive way and/or hedge risks associated with its other portfolio investments. The resultsof such transactions are expected to represent a material component of the Fund’s investment returns.As a result of the Fund’s use of derivatives, the Fund may have economic leverage, which meansthe sum of the Fund’s investment exposures through its use of derivatives may significantly exceedthe amount of assets invested in the Fund, although these exposures may vary over time.The Fund will hold itscommodity-linked derivative instruments indirectly through a wholly-owned subsidiary established in theCayman Islands (Subsidiary).
FLSP News
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- Dynamic Advisor Solutions LLC Purchases 27,958 Shares of Franklin Systematic Style Premia ETF $FLSP
- How Franklin Systematic Style Premia Etf (FLSP) Affects Rotational Strategy Timing
- (FLSP) and the Role of Price-Sensitive Allocations
- (FLSP) and the Role of Price-Sensitive Allocations
- Peak Financial Advisors LLC Buys New Position in Franklin Systematic Style Premia ETF $FLSP
- Responsive Playbooks and the FLSP Inflection
- Understanding the Setup: (FLSP) and Scalable Risk
- Short Interest in Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Declines By 37.6%
- Tredje AP fonden Boosts Stake in Franklin Systematic Style Premia ETF $FLSP
Data for FLSP 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.