Franklin International Low Volatility High Dividend Index ETF
LVHI
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- Franklin International Low Volatility High Dividend Index ETF (LVHI) is an exchange-traded fund that tracks a rules-based index of developed market equities outside the United States, selected and weighted to prioritize high dividend yields, low price and earnings volatility, and sustainable profitability; the index screens approximately 50 to 150 securities from a broad investment universe, focusing on companies with attractive stable yield scores while applying concentration limits such as no single holding exceeding 2.5%, no sector over 25%, and no country beyond 15%. LVHI employs a currency-hedging strategy using USD forward cash/currency contracts to mitigate foreign exchange risk, resulting in top holdings including Intesa Sanpaolo S.p.A., Suncor Energy Inc., Allianz SE, Shell plc, and Novartis AG, with approximately 184 total holdings diversified across sectors like financials, energy, and healthcare. The ETF pays quarterly dividends, offering a trailing twelve-month yield of around 4.88% to 6.32%, and targets income-oriented investors seeking defensive international equity exposure with lower volatility characteristics. Launched on July 27, 2016, and issued by Franklin Templeton (formerly under Legg Mason ETF Investment Trust), LVHI is headquartered in San Mateo, California, as part of Franklin Templeton's global operations spanning the United States and international markets. The fund underwent a significant rebranding following Franklin Templeton's $4.5 billion acquisition of Legg Mason, completed in July 2020, which transitioned LVHI from its original name, Legg Mason International Low Volatility High Dividend ETF, and integrated it into Franklin Templeton's expanded ETF lineup under updated management oversight. No major acquisitions, funding rounds, new product launches, or strategic expansions specific to LVHI have been reported in the last one to two years, with recent activity centered on portfolio reconstitution, dividend payments (such as the December 2024 ex-dividend date), and ongoing performance amid volatile global markets.