Franklin Emerging Market Core Dividend Tilt Index ETF
DIEM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Joseph J. Cacciutti Jr.
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Jun 3, 2016
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index before fees and expenses. The fund targets large- and mid-cap emerging market equities, covering approximately 85% of the float-adjusted market capitalization of emerging equity markets excluding North America, with a systematic dividend tilt designed to deliver higher dividend yield relative to its parent benchmark while limiting tracking error. It offers exposure to diversified sectors including financial services, technology, consumer cyclical, communication services, and energy; top holdings feature companies such as Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd, Samsung Electronics Co Ltd, and China Construction Bank Corp. DIEM pays quarterly dividends and maintains a net expense ratio of 0.19%, with assets under management of approximately $17.86 million as of the latest reporting. The fund operates primarily in emerging market regions such as Emerging Asia, Developed Asia, Middle East, Latin America, and Africa, serving income-focused investors seeking core equity allocation in high-yield emerging market stocks. It lists on NYSE Arca and is managed by Franklin Templeton ETF Trust, with key portfolio managers including Dina Ting (since inception), Hailey Harris, Basit Amin, and Joe Diederich. Originally launched on June 1, 2016, as Franklin LibertyQ Emerging Markets ETF (FLQE) tracking the LibertyQ Emerging Markets Index, the fund underwent a significant repositioning in 2022, renaming to its current ticker DIEM and switching to the Morningstar Emerging Markets Dividend Enhanced Select Index effective after July 31, 2022, as part of Franklin Templeton's broader ETF strategy alterations involving name changes and index swaps across multiple products. This transition enhanced its focus on dividend yield optimization through proprietary rules-based selection and weighting from the Morningstar Emerging Markets Target Market Exposure Index. Headquartered through its sponsor Franklin Templeton in San Mateo, California, the fund reflects Franklin Templeton's emphasis on factor-based emerging market strategies without noted recent acquisitions, partnerships, or funding rounds specific to DIEM.