ETF Evaluator:
Franklin US Large Cap Mltfctr Idx ETF (FLQL)
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(as of Jul 31)
Best Performing in Large Blend Over the Last Year
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ETF Details
Franklin US Large Cap Mltfctr Idx ETF Overview
Franklin US Large Cap Mltfctr Idx ETF (FLQL) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index).
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The index is a systematic, rules-based proprietary index maintained and calculated by FTSE Russell.
About Franklin US Large Cap Mltfctr Idx ETF (FLQL)
There are 4 members of the management team with an average tenure of 5.90 years: Hailey Harris (2019), Dina Ting (2017), Basit Amin (2022) and Joe Diederich (2022). 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 Russell 1000 TR USD index with a weighting of 100%. Franklin US Large Cap Mltfctr Idx ETF has 219 securities in its portfolio. The top 10 holdings constitute 35.8% 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 US Large Cap Mltfctr Idx ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Franklin US Large Cap Mltfctr Idx ETF has 0.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin US Large Cap Mltfctr Idx ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $13 billion average for the Large Blend 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.
FLQL 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 US Large Cap Mltfctr Idx ETF expense ratio is low compared to funds in the Large Blend category. Franklin US Large Cap Mltfctr Idx ETF has an expense ratio of 0.15%, which is 64% lower than its category average, making the fund expense ratio grade a A. 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 US Large Cap Mltfctr Idx ETF has a portfolio turnover rate of 52%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.
Recently, in the month of June 2026, Franklin US Large Cap Mltfctr Idx ETF returned 1.3%, which earned it a grade of B, as the Large Blend 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 US Large Cap Mltfctr Idx ETF has a trailing yield of 1.02%, which is below the 1.12% category average.
The fund normally distributes its income quarterly.
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 US Large Cap Mltfctr Idx ETF Grades
Year to date, the ETF has returned 13.7%, 3.4 percentage points better than the category, which translates into a grade of B. The fund has returned 25.6% over the past year (grade of A), 22.1% over the past three years (grade of A) and 14.6% per year over the past five years (grade of A).
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FLQL Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLQL Return (NAV) | 1.3% | 16.2% | 25.6% | 22.1% | 14.6% | na |
| FLQL Return (Price) | 1.1% | 16.1% | 25.3% | 22.0% | 14.6% | na |
| NAV +/- Price Return | 0.187% | 0.143% | 0.238% | 0.101% | -0.012% | na |
| Large Blend Avg | -0.0% | 14.5% | 20.9% | 18.8% | 11.8% | 14.1% |
| FLQL Grade (NAV) | B | B | A | A | A | na |
| +/- Category (NAV) | 1.3% | 1.7% | 4.7% | 3.2% | 2.8% | na |
| FLQL Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.6% | na |
FLQL Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLQL Return (NAV) | 13.7% | 19.8% | 24.2% | 23.5% | -14.8% | 26.7% | 10.6% | 28.8% | -2.0% | na | na |
| FLQL Return (Price) | 13.5% | 19.6% | 24.3% | 23.6% | -14.8% | 26.6% | 10.7% | 29.1% | -2.8% | na | na |
| NAV +/- Price Ret | -0.013% | -0.007% | 0.004% | 0.006% | 0.002% | -0.005% | 0.005% | 1.1% | 41.7% | na | na |
| Large Blend Avg | 10.3% | 15.4% | 21.8% | 22.9% | -17.1% | 26.9% | 18.6% | 29.7% | -5.0% | 21.6% | 11.2% |
| FLQL Grade (NAV) | B | A | B | C | B | C | F | D | A | na | na |
| +/- Category | 3.4% | 4.4% | 2.5% | 0.6% | 2.3% | -0.2% | -8.0% | -1.0% | 3.0% | na | na |
| Risk Measures | |
| Beta: | 0.97 |
| R-Squared: | 96% |
| Standard Deviation: | 12.9% |
| Category Risk Index: | 0.97 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.06 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 2,066 Mil |
| Share Class Assets: | $ 2,066 Mil |
| Turnover: | 52.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 9.2 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Ting Dina (2017), Harris Hailey (2019), Amin Basit (2022), Diederich Joe (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 219 |
| % in Top 10 Holdings: | 35.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.4% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | April 26, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.42% |
