Franklin U.S. 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 UDIV
Under normal marketconditions, the Fund invests at least 80% of its assets in the component securities of the UnderlyingIndex. The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculatedby Morningstar, Inc. (Morningstar or Index Provider). The Underlying Index is based on the Morningstar® USTarget Market Exposure Index (Parent Index) and is constructed by applying an optimization process tothe Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expectedtracking error to the Parent Index (i.e., to provide a “dividend tilt” through the selection andweighting of securities from the Parent Index), as described in greater detail below. The Parent Indexincludes large- and mid-capitalization stocks representing the top 85% of the investable universe (i.e.,U.S. equity market) by float-adjusted market capitalization (“float-adjusted” means that only sharesthat are estimated to be publicly available to investors are included in the calculation of market capitalization).The Underlying Index is governed by published, objective rules for security selection, exclusion, rebalancingand adjustments for corporate actions. The Underlying Index is reconstituted quarterly.Inparticular, the construction process for the Underlying Index includes a security selection and weightingprocess 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 expected tracking error to theParent Index through an optimization process that is applied at each quarterly reconstitution of theUnderlying Index. Eligible stocks (i.e., those included in the Parent Index) are fed into an “optimizer”that selects and weights stocks in a manner that seeks to maximize the portfolio’s dividend yield (calculatedas described above), subject to several constraints, such as those for individual stock and sector weightings,to try to limit expected tracking error relative to the Parent Index, and portfolio turnover. At eachquarterly reconstitution of the Underlying Index: (i) individual stock weightings are capped at the lesserof (a) three times their weighting in the Parent Index or (b) their weighting in the Parent Index plus0.5%; (ii) after the optimization process is applied, stocks must have a minimum weighting of 0.005%to be included in the Underlying Index; (iii) sector weightings are kept within 5% of their weightingsin the Parent Index; and (iv) the one-way turnover of the Underlying Index is capped at 10% (this portfolioturnover constraint may be relaxed if an optimal portfolio solution is not feasible).As the Underlying Indexis a “Core Dividend Tilt Index” that is designed to provide a “dividend tilt” by seeking to delivera higher dividend yield than the Parent Index while at the same time providing “core” exposure tothe U.S. equity market through the tracking error and other constraints described above, the UnderlyingIndex includes certain stocks that do not currently pay dividends (in other words, the application ofthe tracking error and other constraints as part of the index methodology security selection processresults in certain non-dividend paying stocks being included in the Underlying Index). The UnderlyingIndex may include large- and mid-capitalization companies. As of May 31, 2025, the Underlying Index wascomprised of 284 securities with capitalizations ranging from $5.78 billion to $3.42 trillion.TheFund, 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 replicationstrategy or representative sampling strategy. Under a replication strategy, the Fund will replicate thecomponent securities of the Underlying Index as closely as possible (i.e., invest in all of the componentsecurities in their respective weightings in the Underlying Index). However, it may not be possible orpracticable to replicate the Underlying Index. In these circumstances, the Fund may use a representativesampling strategy whereby the Fund will invest in what it believes to be a representative sample of thecomponent securities of the Underlying Index, but may not track the Underlying Index with the same degreeof accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representativesampling technique, the investment manager will select securities that collectively have an investmentprofile similar to that of the Underlying Index, including securities that resemble those included inthe Underlying Index in terms of risk factors, performance attributes and other characteristics, suchas market capitalization and industry weightings. The Fund’s portfolio is generally reconstituted quarterlyfollowing the quarterly reconstitution of the Underlying Index. The Fund may invest in equity futures (includingequity index futures) and equity total return swaps to provide additional opportunities to add valueand better track the performance of the Fund’s Underlying index, such as to equitize cash and accruedincome (i.e., gain equity market exposure and maintain liquidity until the Fund invests in individualsecurities), simulate investments in the Underlying Index, facilitate trading or minimize transactioncosts.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 theUnderlying Index is concentrated. As of May 31, 2025, the Underlying Index was concentrated in the informationtechnology sector.
UDIV News
- Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) Short Interest Down 56.5% in August
- (UDIV) Movement Within Algorithmic Entry Frameworks
- How (UDIV) Movements Inform Risk Allocation Models
- Trading Systems Reacting to (UDIV) Volatility
- Trading Systems Reacting to (UDIV) Volatility
- How Franklin U.s. Core Dividend Tilt Index Etf (UDIV) Affects Rotational Strategy Timing
- (UDIV) and the Role of Price-Sensitive Allocations
Data for UDIV 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.