Symbols

UDIV

Franklin U.S. Core Dividend Tilt Index ETF·NYSE

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Key Stats

Assets Under Management

122.86MUSD

Fund Flows (1Y)

58.85MUSD

Dividend Yield

1.49%

Discount/Premium to NAV

0.07%

Shares Outstanding

2.25M

Expense Ratio

0.06%

About Franklin U.S. Core Dividend Tilt Index ETF

Issuer

Franklin Advisory Services, LLC

Brand

Franklin

Home Page

https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/21415/SINGLCLASS/franklin-u-s-core-dividend-tilt-index-etf/UDIV

Inception Date

Jun 1, 2016

Structure

Open-Ended Fund

Index Tracked

Morningstar US Dividend Enhanced Select 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

UDIV tracks an index to search for high dividend yield across the US equities market. The fund starts its selection process from the index parent universe, which is composed of large- and mid-capitalization US stocks representing the top 85% of the US equity market by float-adjusted market capitalization. From this universe, the underlying index aims to limit expected tracking error to the parent index by utilizing an optimization process that is applied at each quarterly reconstitution. The underlying index also tilts the selection and weighting process to favor high dividend paying companies (based on trailing twelve-month dividend yield). Prior to August 1, 2022, the fund was named Franklin LibertyQ Global Dividend ETF, with ticker FLQD, and tracked the LibertyQ Global Dividend Index.