Franklin U.S. Core Dividend Tilt Index ETF
UDIV
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
- Jennifer Johnson
- 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 U.S. Core Dividend Tilt Index ETF (UDIV) is an exchange-traded fund that seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Dividend Enhanced Select Index. The fund tracks large- and mid-cap U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization, with a systematic tilt toward higher dividend yields while limiting expected tracking error relative to its parent benchmark, the Morningstar US Target Market Exposure Index; it offers quarterly dividend distributions and maintains a low expense ratio of 0.06%. Launched on June 1, 2016, and listed on NYSE Arca, the ETF is managed by Franklin Templeton and domiciled in the United States, with assets under management focused exclusively on U.S. equities targeting income-oriented investors. The portfolio comprises approximately 295 holdings, with top positions including NVIDIA Corp (7.28%), Apple Inc (6.84%), Microsoft Corp (6.11%), Amazon.com Inc (3.38%), and Broadcom Inc (2.77%), representing about 36.5% of assets; key sectors emphasize technology alongside financial services, consumer cyclical, and communication services. Franklin Distributors, LLC serves as the distributor for Creation Units on an agency basis, enabling authorized participants to create or redeem shares in block sizes, while retail investors trade shares on the secondary market at market price. In recent developments, the ETF declared a quarterly dividend payout of $0.2057 per share in September 2025, with an ex-date and record date of September 19 and payment on September 26, underscoring its ongoing commitment to equity income generation. Institutional interest has grown, evidenced by Truist Financial Corp acquiring a new stake of 4,170 shares valued at approximately $201,000 during Q2 2025, and Avantax Advisory Services Inc adding 9,945 shares in Q2 2025. The fund continues to report strong performance metrics, including a 1-year return of 15.58%, 3-year annualized return of 20.82%, and since-inception return of 11.20% as of late 2025, with no reported mergers, acquisitions, or strategic reorganizations in the past 1-2 years.