Franklin U.S. Low Volatility High Dividend Index ETF
LVHD
NASDAQ Global Market- -
USD
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Dec 29, 2015
- CIK
- 0001645194
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that seeks to track the performance of the QS Low Volatility High Dividend Index before fees and expenses. The fund invests at least 80% of its net assets in equity securities comprising the index, which selects approximately 50 to 150 U.S. stocks from the largest 3,000 companies by market capitalization based on criteria including profitability, high sustainable dividend yields, low price volatility, and low earnings volatility; individual holdings are capped at 2.5%, sectors at 25%, and REITs at 15% collectively. Top holdings as of recent data include Johnson & Johnson, Altria Group, Chevron, Medtronic, and Cisco Systems, with significant sector allocations to utilities (around 24%), consumer defensive (around 21%), and real estate (around 15%). Launched on December 28, 2015, and domiciled in the United States, LVHD is issued and managed by Franklin Templeton under Legg Mason ETF Investment Trust, with a net expense ratio of 0.27% and total net assets exceeding $600 million. The fund targets investors seeking steady income from defensive, high-quality U.S. equities across large-, mid-, and small-cap segments, primarily in the large value style per Morningstar categorization, with daily pricing and availability in markets including the United States and Mexico. Originally issued by Legg Mason prior to Franklin Templeton's $4.5 billion all-cash acquisition of Legg Mason in July 2020—which created a $1.5 trillion AUM global investment manager—LVHD underwent a rebranding to its current Franklin U.S. name and transition to Franklin Templeton management oversight around October 2021, including new portfolio managers such as Christopher Floyd and Vaneet Chadha. Recent portfolio updates as of 2025 include adjustments to holdings like additions or changes in positions for FirstEnergy Corp., Westamerica Bancorp, and AFG, alongside sustained emphasis on dividend payers in consumer staples and healthcare amid market volatility. The fund maintains its rules-based, defensive equity strategy without reported new product launches, funding rounds, or major strategic shifts in the last 1-2 years beyond ongoing index reconstitutions and organic asset growth.