Franklin U.S. Core Dividend Tilt Index ETF
FLQD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Jun 1, 2016
- CIK
- 0001655589
- Similar Companies
- Business
- Franklin U.S. Core Dividend Tilt Index ETF (FLQD), formerly known as Franklin LibertyQ Global Dividend ETF, is an exchange-traded fund that seeks to track the Morningstar US Dividend Enhanced Select Index, targeting large- and mid-cap U.S. equity stocks selected to deliver higher dividend yields relative to the broad U.S. market while constraining active risk through a rules-based optimization framework. The ETF provides exposure to the top 85% of the U.S. equity market by market capitalization, emphasizing companies with sustainable dividend income, improved diversification, and limited tracking error; it distributes dividends quarterly and maintains a low expense ratio of approximately 6 basis points. Launched in June 2016 by Franklin Templeton Investments, headquartered in San Mateo, California, the fund primarily invests in U.S. stocks across sectors such as technology, financials, and healthcare, with minimal non-U.S. exposure. In a significant repositioning announced by Franklin Templeton, effective August 1, 2022, the fund underwent a name change from Franklin LibertyQ Global Dividend ETF (FLQD) to Franklin U.S. Core Dividend Tilt Index ETF and shifted its underlying benchmark from the LibertyQ Global Dividend Index to the Linked Morningstar US Dividend Enhanced Select Index, narrowing its focus from global to U.S.-centric dividend strategies to better align with core U.S. equity income objectives. This strategic realignment was part of a broader overhaul of four Franklin Templeton ETFs, enhancing index methodology for yield maximization per unit of risk while simplifying portfolio replication. No major acquisitions, funding rounds, or new product launches have been reported for the ETF in the last 1-2 years, with ongoing management emphasizing cost efficiency and tax-aware distributions.