Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.8%
1 yr return
15.6%
3 Yr Avg Return
6.6%
5 Yr Avg Return
11.3%
Net Assets
$519 M
Holdings in Top 10
10.3%
Expense Ratio 0.30%
Front Load N/A
Deferred Load N/A
Turnover 22.76%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap Underlying Index. The U.S. Mid Cap Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by FTSE Russell. The U.S. Mid Cap Underlying Index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton’s desired investment strategy. The Russell Midcap® Index is a subset of the Russell 1000® Index and is designed to measure the performance of mid-capitalization stocks in the United States. It includes approximately 800 of the smallest issuers in the Russell 1000® Index.
The U.S. Mid Cap Underlying Index seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell Midcap® Index over the long term by applying a multi-factor selection process, which is designed to select equity securities from the Russell Midcap® Index that have favorable exposure to four investment style factors – quality, value, momentum and low volatility. Factors are common characteristics that relate to a group of issuers or securities that are important in explaining the returns and risks of those issuers’ securities. The “quality” factor incorporates measurements such as return on equity, gross profit over assets and gross margin sustainability. The “value” factor incorporates measurements such as forward earnings yield, EBITDA to enterprise value, price to book value and dividend yield. The “momentum” factor incorporates measurements such as 6-month risk adjusted price momentum and 12-month risk-adjusted price momentum. The “low volatility” factor incorporates measurements such as historical beta (i.e., a measure of the volatility of a security relative to the total market).
At the time of each semi-annual reconstitution of the U.S. Mid Cap Underlying Index, no company shall comprise more than 1% of the U.S. Mid Cap Underlying Index. The U.S. Mid Cap Underlying Index is also constrained in its construction to limit turnover of constituent securities at each semi-annual reconstitution. As of May 31, 2023, the U.S. Mid Cap Underlying Index was comprised of 207 securities with capitalizations ranging from $1.3 billion to $69.27 billion.
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the U.S. Mid Cap Underlying Index. The Fund may use either a replication strategy or representative sampling strategy. Under a replication strategy, the Fund will replicate the component securities of the U.S. Mid Cap Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the U.S. Mid Cap Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the U.S. Mid Cap Underlying Index. In these circumstances, the Fund may use a “representative sampling” strategy whereby the Fund would invest in what it believes to be a representative sample of the component securities of the U.S. Mid Cap Underlying Index, but may not track the U.S. Mid Cap Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire U.S. Mid Cap Underlying Index. Under the representative sampling technique, the investment manager will select securities that collectively have an investment profile similar to that of the U.S. Mid Cap Underlying Index, including securities that resemble those included in the U.S. Mid Cap Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund’s portfolio is reconstituted semi-annually following the semi-annual reconstitution of the U.S. Mid Cap Underlying Index.
The Fund may invest in equity futures (including equity index futures) and equity total return swaps to provide additional opportunities to add value and better track the performance of the Fund’s Underlying Index, such as to equitize cash and accrued income (i.e., gain equity market exposure and maintain liquidity until the Fund invests in individual securities), simulate investments in the Underlying Index, facilitate trading or minimize transaction costs.
The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the U.S. Mid Cap Underlying Index is concentrated.
Period | FLQM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -13.8% | 16.2% | 21.15% |
1 Yr | 15.6% | -8.5% | 39.8% | 31.04% |
3 Yr | 6.6%* | -22.4% | 14.9% | 7.08% |
5 Yr | 11.3%* | -1.8% | 19.7% | 8.07% |
10 Yr | N/A* | 1.9% | 12.6% | 56.56% |
* Annualized
Period | FLQM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.9% | -12.9% | 28.8% | 24.59% |
2022 | -14.1% | -52.6% | 20.1% | 15.88% |
2021 | 27.3% | -43.8% | 32.4% | 4.26% |
2020 | 14.1% | -10.6% | 82.1% | 22.19% |
2019 | 26.7% | -8.5% | 37.5% | 24.76% |
Period | FLQM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -13.8% | 16.2% | 21.15% |
1 Yr | 15.6% | -8.5% | 39.8% | 31.04% |
3 Yr | 6.6%* | -22.4% | 14.9% | 7.08% |
5 Yr | 11.3%* | -1.8% | 19.7% | 8.07% |
10 Yr | N/A* | 1.9% | 12.6% | N/A |
* Annualized
Period | FLQM Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.5% | 1.2% | 31.3% | 27.07% |
2022 | -12.9% | -45.7% | 21.1% | 26.18% |
2021 | 28.8% | -30.2% | 52.8% | 13.64% |
2020 | 15.5% | -8.4% | 84.3% | 31.36% |
2019 | 28.6% | 1.0% | 43.4% | 40.44% |
FLQM | Category Low | Category High | FLQM % Rank | |
---|---|---|---|---|
Net Assets | 519 M | 728 K | 160 B | 47.97% |
Number of Holdings | 206 | 1 | 2609 | 32.52% |
Net Assets in Top 10 | 43.2 M | 155 K | 11.7 B | 65.58% |
Weighting of Top 10 | 10.32% | 3.4% | 100.0% | 75.54% |
Weighting | Return Low | Return High | FLQM % Rank | |
---|---|---|---|---|
Stocks | 99.83% | 14.60% | 104.46% | 11.65% |
Cash | 0.16% | 0.00% | 30.96% | 85.91% |
Other | 0.01% | -1.04% | 23.02% | 22.22% |
Preferred Stocks | 0.00% | 0.00% | 14.30% | 94.58% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 94.31% |
Bonds | 0.00% | 0.00% | 62.14% | 95.39% |
Weighting | Return Low | Return High | FLQM % Rank | |
---|---|---|---|---|
Industrials | 18.56% | 0.00% | 45.89% | 25.82% |
Technology | 17.26% | 0.00% | 40.65% | 35.33% |
Consumer Cyclical | 14.65% | 2.49% | 46.48% | 29.89% |
Healthcare | 11.12% | 0.00% | 24.06% | 36.41% |
Financial Services | 10.15% | 0.00% | 46.10% | 86.96% |
Consumer Defense | 8.89% | 0.00% | 32.18% | 9.51% |
Real Estate | 7.36% | 0.00% | 25.82% | 55.71% |
Utilities | 5.44% | 0.00% | 18.97% | 27.99% |
Basic Materials | 3.22% | 0.00% | 16.35% | 85.05% |
Communication Services | 2.79% | 0.00% | 30.98% | 46.20% |
Energy | 0.55% | 0.00% | 58.13% | 84.78% |
Weighting | Return Low | Return High | FLQM % Rank | |
---|---|---|---|---|
US | 99.83% | 14.60% | 104.46% | 7.86% |
Non US | 0.00% | 0.00% | 19.95% | 95.39% |
FLQM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.03% | 35.91% | 88.25% |
Management Fee | 0.30% | 0.00% | 1.50% | 19.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 0.30% | 42.45% |
FLQM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
FLQM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FLQM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.76% | 0.00% | 304.00% | 23.94% |
FLQM | Category Low | Category High | FLQM % Rank | |
---|---|---|---|---|
Dividend Yield | 2.00% | 0.00% | 31.05% | 47.15% |
FLQM | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
FLQM | Category Low | Category High | FLQM % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.21% | -2.06% | 3.38% | 10.35% |
FLQM | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 25, 2024 | $0.082 | OrdinaryDividend |
Dec 26, 2023 | $0.249 | OrdinaryDividend |
Sep 25, 2023 | $0.136 | OrdinaryDividend |
Jul 03, 2023 | $0.138 | OrdinaryDividend |
Mar 27, 2023 | $0.086 | OrdinaryDividend |
Dec 22, 2022 | $0.203 | OrdinaryDividend |
Sep 26, 2022 | $0.159 | OrdinaryDividend |
Jun 28, 2022 | $0.120 | OrdinaryDividend |
Mar 18, 2022 | $0.069 | OrdinaryDividend |
Dec 21, 2021 | $0.223 | OrdinaryDividend |
Sep 21, 2021 | $0.127 | OrdinaryDividend |
Jun 18, 2021 | $0.092 | OrdinaryDividend |
Mar 19, 2021 | $0.066 | OrdinaryDividend |
Dec 23, 2020 | $0.163 | OrdinaryDividend |
Sep 23, 2020 | $0.130 | OrdinaryDividend |
Jun 22, 2020 | $0.053 | OrdinaryDividend |
Mar 20, 2020 | $0.069 | OrdinaryDividend |
Dec 19, 2019 | $0.190 | OrdinaryDividend |
Sep 19, 2019 | $0.174 | OrdinaryDividend |
Jun 19, 2019 | $0.037 | OrdinaryDividend |
Mar 27, 2019 | $0.053 | OrdinaryDividend |
Dec 28, 2018 | $0.138 | OrdinaryDividend |
Sep 27, 2018 | $0.135 | OrdinaryDividend |
Jun 27, 2018 | $0.050 | OrdinaryDividend |
Mar 27, 2018 | $0.051 | OrdinaryDividend |
Dec 28, 2017 | $0.179 | OrdinaryDividend |
Sep 27, 2017 | $0.107 | OrdinaryDividend |
Jun 27, 2017 | $0.034 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 26, 2017
5.1
5.1%
Ms. Ting joined Franklin Templeton Investments in 2015. Prior to joining Franklin Templeton Investments, she was a senior portfolio manager at BlackRock.
Start Date
Tenure
Tenure Rank
Dec 02, 2019
2.5
2.5%
Ms. Harris joined Franklin Templeton in 2018. Hailey Harris joined the Global X Management Company in April 2015 as a Portfolio Management Associate. Previously, Ms. Harris was a Senior Analyst, Portfolio Management at ProShare Advisors, LLC from 2011 through 2015 and a Client Operations Associate at Cambridge Associates, LLC from 2010 through 2011. Ms. Harris received her Bachelor of Science from the University of Maryland in 2009.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.24 | 5.78 |
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