FLQL is a multi-factor approach to the US equity market. The fund`s index starts with a Russell 1000 universe, an expansive definition of the large-cap space that includes many firms we consider midcaps. Then it scores each stock on four fundamental and technical factors: quality (50% weight), value (30%), momentum (10%), and low volatility (10%). Finally, the index selects stocks with the highest four-factor composite scores. Holdings are weighted by the composite score, scaled by market cap. FLQL may appeal to investors seeking diversified core US exposure with comprehensive factor tilts. The index undergoes semi-annual rebalance and reconstitution with issuer weights capped at 1% each. Prior to Aug. 1, 2022, the fund traded under the name Franklin LibertyQ U.S. Equity ETF.

Apple Inc.

NVIDIA Corporation

Microsoft Corporation

Amazon.com, Inc.

Alphabet Inc.

Visa Inc.

Broadcom Inc.

Johnson & Johnson

Meta Platforms, Inc.

Technology

Financial Services

Healthcare

Consumer Cyclical

Communication Services

Industrials

Consumer Defensive

Utilities

Basic Materials

Energy

Franklin U.S. Large Cap Multifactor Index ETF

FLQL Holdings & Sector Breakdown