Symbols

USPX

Franklin U.S. Equity Index ETF·NYSE

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Key Stats

Assets Under Management

1.72BUSD

Fund Flows (1Y)

250.83MUSD

Dividend Yield

1.06%

Discount/Premium to NAV

0.03%

Shares Outstanding

28.50M

Expense Ratio

0.03%

About Franklin U.S. Equity Index ETF

Issuer

Franklin Advisory Services, LLC

Brand

Franklin

Home Page

https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/21414/SINGLCLASS/franklin-u-s-equity-index-etf/USPX

Inception Date

Jun 1, 2016

Structure

Open-Ended Fund

Index Tracked

Morningstar US Target Market Exposure Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Franklin Advisory Services LLC

Distributor

Franklin Distributors LLC

USPX targets the top 85% of stocks by market cap on the US equity market across various sectors. The fund excludes small-cap companies. The equity securities can include common stock, preferred stock, and REITs. The index excludes the following securities: mutual funds, ETFs, derivatives, convertible notes, warrants, and rights, limited partnerships, and depositary receipts, except Swedish, Philippines, and American depositary receipts. The index is reconstituted semiannually starting in June and rebalanced quarterly starting March. Prior to Aug. 1, 2022, the fund's name is Franklin LibertyQ Global Equity ETF (FLQG) and it tracked the LibertyQ Global Equity Index, which provided selected and weighted stocks based on quality, value, momentum, and low volatility.