Franklin U.S. Mid Cap Multifactor Index ETF (FMID : NEO)

Fund Details

ETF Characteristics

Investment Objectives

Franklin U.S. Mid Cap Multifactor Index ETF (in this Fund profile, the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its corresponding underlying index, LibertyQ U.S. Mid Cap Equity Index – NR (in this Fund profile, the “Index”), or any successor thereto. The Fund invests primarily in equity securities of mid-capitalization U.S. issuers. The fundamental investment objective may only be changed with the approval of a majority

Investment Strategy

In order to achieve its investment objective, the Fund employs a “passive” or indexing investment approach designed to track the Index. This Fund invests all, or substantially all, of its assets in the U.S. equity securities that make up the Index, holding each of the index constituents of the Index in approximately the same proportion as its weighting in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of the index constituents in their resp