ETF Evaluator:
Franklin Systematic Style Premia ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Multistrategy Over the Last Year
| 16.9% | Franklin Systematic Style Premia ETF (FLSP) |
| 16.3% | First Trust Multi-Strat Alt ETF (LALT) |
| 14.6% | Unlimited HFND Multi-Strgy Ret Trckr ETF (HFND) |
| 14.5% | SEI DBi Multi-Strategy Alternative ETF (QALT) |
| 12.4% | NYLI Hedge Multi-Strategy Tracker ETF (QAI) |
Risk
Index
Risk
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ETF Details
Franklin Systematic Style Premia ETF Overview
Franklin Systematic Style Premia ETF (FLSP) is an actively managed Alternative Multistrategy exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2019.
The investment seeks absolute return.
The fund 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 risk premia. 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 through the use of derivatives, but may also be achieved through direct investment.
About Franklin Systematic Style Premia ETF (FLSP)
There are 3 members of the management team with an average tenure of 3.87 years: Christopher Floyd (2023), Robert Christian (2024) and Vaneet Chadha (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Franklin Systematic Style Premia ETF has 343 securities in its portfolio. The top 10 holdings constitute 265.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Franklin Systematic Style Premia ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. Franklin Systematic Style Premia ETF has 37.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.9% There is 16.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -6.6% (-27.4% domestic bond, 20.8% foreign bond and 0.0% convertible bond). Franklin Systematic Style Premia ETF has 30.4% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $664 million average for the Multistrategy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLSP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin Systematic Style Premia ETF expense ratio is above average compared to funds in the Multistrategy category. Franklin Systematic Style Premia ETF has an expense ratio of 0.65%, which is 11% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin Systematic Style Premia ETF has a portfolio turnover rate of 68%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Multistrategy category.
Recently, in the month of July 2026, Franklin Systematic Style Premia ETF returned 3.0%, which earned it a grade of A, as the Multistrategy category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Franklin Systematic Style Premia ETF has a trailing yield of 2.53%, which is below the 2.91% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin Systematic Style Premia ETF Grades
Year to date, the ETF has returned 5.6%, 2.7 percentage points better than the category, which translates into a grade of F. The fund has returned 16.9% over the past year (grade of A), 10.5% over the past three years (grade of A) and 8.2% per year over the past five years (grade of A).
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FLSP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLSP Return (NAV) | 3.0% | 4.4% | 16.9% | 10.5% | 8.2% | na |
| FLSP Return (Price) | 2.2% | 4.5% | 18.0% | 10.6% | 8.2% | na |
| NAV +/- Price Return | 0.773% | -0.042% | -1.041% | -0.082% | -0.025% | na |
| Multistrategy Avg | 0.0% | -2.7% | 5.1% | 3.8% | 5.3% | 3.7% |
| FLSP Grade (NAV) | A | A | A | A | A | na |
| +/- Category (NAV) | 3.0% | 7.1% | 11.8% | 6.8% | 2.9% | na |
| FLSP Tax-Cost Ratio | na | na | 1.1% | 0.7% | 0.6% | na |
FLSP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLSP Return (NAV) | 5.6% | 15.3% | 10.2% | 4.7% | -0.5% | 12.0% | -14.8% | na | na | na | na |
| FLSP Return (Price) | 5.2% | 15.5% | 11.8% | 3.1% | 0.3% | 11.4% | -15.2% | na | na | na | na |
| NAV +/- Price Ret | -0.071% | 0.017% | 0.152% | -0.330% | -1.610% | -0.046% | 0.026% | na | na | na | na |
| Multistrategy Avg | 2.9% | 2.8% | 6.7% | 6.5% | -5.8% | 4.8% | -0.6% | 9.0% | -3.7% | 5.9% | 1.5% |
| FLSP Grade (NAV) | F | A | A | D | A | A | F | na | na | na | na |
| +/- Category | 2.7% | 12.5% | 3.5% | -1.8% | 5.2% | 7.2% | -14.2% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.01 |
| R-Squared: | 0% |
| Standard Deviation: | 5.4% |
| Category Risk Index: | 0.71 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.44 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 2.5% |
| Total Assets: | $ 1,040 Mil |
| Share Class Assets: | $ 1,040 Mil |
| Turnover: | 68.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.6 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Chadha Vaneet (2019), Floyd Christopher (2023), Christian Robert (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 343 |
| % in Top 10 Holdings: | 265.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 37.4% |
Portfolio Allocation |
|
| Domestic Stock: | 56.9% |
| Foreign Stock: | 16.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -27.4% |
| Foreign Bond: | 20.8% |
| Convertible Bond: | 0.0% |
| Other: | 2.8% |
| Cash: | 30.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | December 18, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.73% |
