Franklin TempletonUS Stock StylesSmall Cap#150 of 702 by YTD

Franklin Small Cap Enhanced ETFFSML

S&P 500 Bucket avg Compare

$29.06+3.2%

+$0.89 · Nov 9 close

Buy

AUM: $146M
Fee: 0.45%
Yield: 0.5%

Bumpy · 1Y: 1.4×S&P
Volume: 1K
NAV: $28.13

What's insideAll 306 →

BOX 1.6%HNGE 1.4%EXPO 1.4%VLY 1.3%

52-week range7% below the high

$23.90$31.18

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+3.2%	+0.5%	+0.1%	−5.4%	+18.4%	—	—	—	+16.8%
Peer average	+2.7%	+0.2%	+2.1%	−3.5%	+17.2%	+21.2%	+64.8%	+35.1%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

FSML in One Breath

FSML Among Small Cap ETFs

YTD

#1SFLOVictoryShares+32.5%$874M

#2CALFPacer+30.8%$3.8B

#3CAFGPacer+29.2%$44.1M

#4MYLDCambria Funds+27.8%$53.4M

#5FYTFirst Trust+27.7%$175M

#6TCVTowle+27.3%$198M

#7SVALiShares+25.3%$158M

#8FYXFirst Trust+25.1%$1.4B

#48FSMLFranklin Templeton+18.4%$146M

End-of-day Nov 9, 2026 · 97 Small cap ETFs by YTD

$10,000 in FSML

$10,000 in FSML became

$11,685

In the S&P 500 (VOO)

$11,142

Total return, dividends in · Dec 9, 2025 – Nov 9, 2026 · S&P 500 uses VOO

FSML’s Top Holdings

Today

BOXBOX -1.6%HNGE1.4%EXPO1.4%VLY1.3%JXN1.3%IDT1.3%KSS1.3%TPC1.2%TDC1.2%HLF1.2%CUBI1.2%TCBI1.2%CMC1.2%BFH1.2%AWR1.1%AAMI1.1%AX1.1%BKU1.1%YOU1.1%IBOC1.1%ALX1.1%TBBK1.1%

BOXBOX -1.6%HNGE1.4%EXPO1.4%VLY1.3%JXN1.3%IDT1.3%KSS1.3%TPC1.2%TDC1.2%HLF1.2%CUBI1.2%TCBI1.2%

HealthcareFinancial ServicesTechnologyIndustrialsConsumer CyclicalReal EstateOther

Franklin Templeton FSML · 306 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What FSML Holds

Today

Healthcare20.2%

HNGE 1.4 · CLOV · TXG · TGTX · BTSG · RYTM · KRYS

Financial Services19.1%

VLY 1.3 · JXN 1.3 · CUBI 1.2 · TCBI 1.2 · BFH 1.2 · AAMI 1.1 · AX 1.1

Technology14.8%

BOX 1.6 · TDC 1.2 · YOU 1.1 · PLAB · DBD · VSH · PLXS

Industrials11.2%

EXPO 1.4 · TPC 1.2 · SKYW · MTW · PRLB · ATRO · ALGT

Consumer Cyclical9.6%

KSS 1.3 · BJRI · ATMU · BKE · MCRI · PII · GTX

Real Estate7.0%

ALX 1.1 · NMRK 1.0 · CBL · OUT · SHO · XHR · DRH

Energy5.9%

CNR 1.1 · GPOR 1.0 · OII · SDRL.OL · NESR · CVI

Franklin Templeton FSML · share of the fund by sector · as of Nov 9, 2026

BOX’s Share of FSML

Today

1.6%

$16 of every $1,000 in FSML is BOX

BOX held by FSML

$2.3M

Most BOX per dollar

SCOW3.7%

PSCT2.8%

CPAI2.6%

EPSB2.3%

Franklin Templeton FSML · each square = $10 of $1,000 · as of Nov 9, 2026

FSML’s Share of Small Cap ETFs

Today

0.0%

of the $574B in 111 Small cap ETFs

FSML$146M0.0%

IJR$104B18.1%

VB$76.9B13.4%

108 others$393B68.5%

Small cap ETF AUM · Nov 9, 2026

FSML Fee per $100 vs Peers

Today

$0.45a year
per $100

$45 a year on $10,000

VB$0.03

VBR$0.05

IJR$0.06

IWM$0.19

DFAS$0.30

FSML$0.45

Expense ratio · Small cap peers · Nov 9, 2026

Inside FSML

99 holdings · as of Nov 9, 2026

FSML

Franklin Small Cap Enhanced ETF

Today

#	Ticker	Company	Weight ▼
1	BOX	BOX -	1.58%
2	HNGE	Hinge Health -A	1.43%
3	EXPO	Exponent	1.38%
4	VLY	Valley National Bancorp	1.35%
5	JXN	Jackson Financial -A	1.32%
6	IDT	IDT -	1.31%
7	KSS	Kohls	1.26%
8	TPC	Tutor Perini	1.25%
9	TDC	Teradata	1.23%
10	HLF	Herbalife	1.21%

See all 306 holdings ↓

HealthcareFinancial ServicesTechnologyIndustrialsConsumer CyclicalReal EstateEnergyBasic MaterialsConsumer DefensiveCommunication ServicesUtilitiesOther

Franklin Templeton FSML · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 24.5%

All FSML Holdings

306 holdings · as of Nov 9, 2026

FSML

FSML’s Holdings

Today

#
1	BOXBOX	Technology	1.58%	$157.87	55K	$2.3M
2	HNGEHinge Health	Healthcare	1.43%	$142.83	18K	$2.1M
3	EXPOExponent	Industrials	1.38%	$137.78	24K	$2.0M
4	VLYValley National Bancorp	Financial Services	1.35%	$134.87	140K	$2.0M
5	JXNJackson Financial	Financial Services	1.32%	$132.09	15K	$1.9M
6	IDTIDT	Communication Services	1.31%	$130.56	23K	$1.9M
7	KSSKohls	Consumer Cyclical	1.26%	$126.02	80K	$1.8M
8	TPCTutor Perini	Industrials	1.25%	$124.77	20K	$1.8M
9	TDCTeradata	Technology	1.23%	$123.30	57K	$1.8M
10	HLFHerbalife	Consumer Defensive	1.21%	$121.35	116K	$1.8M
11	CUBICustomers Bancorp	Financial Services	1.19%	$119.25	21K	$1.7M
12	TCBITexas Capital Bancshares	Financial Services	1.18%	$118.27	17K	$1.7M
13	CMCCommercial Metals	Basic Materials	1.17%	$117.13	28K	$1.7M
14	BFHBread Financial	Financial Services	1.16%	$115.83	17K	$1.7M
15	—IFT - Money Market Port	—	1.12%	$111.87	1.6M	$1.6M

Franklin Templeton FSML · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

FSML

Franklin Small Cap Enhanced ETF’s Peers

Today


IJR	iSharesRead Desk	0.06%	+3.0%	+22.8%	$103.8B
VB	VanguardRead Desk	0.03%	+3.1%	+19.2%	$76.9B
IWM	iSharesRead Desk	0.19%	+3.2%	+18.7%	$76.6B
VBR	VanguardRead Desk	0.05%	+2.6%	+24.0%	$35.1B
DFAS	DimensionalRead Desk	0.30%	+3.0%	+20.9%	$33.7B
FSML	Franklin TempletonThis fundRead Desk	0.45%	+3.2%	new	$146M

Small cap peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put FSML head to head with IJR →

IJR vs FSML

YTD

IJRiShares · Small capFSMLFranklin Templeton · Small cap

Year to date

+18.9%

+18.4%

IJR wins+0.5 pts

Past year

+22.8%

[…]

Level

Fee

0.06%

0.45%

IJR winslower fee

Yield

1.2%

0.5%

IJR wins+0.7 pts

AUM

$104B

$146M

IJR709.9× more

3–0IJR wins

iShares IJR and Franklin Templeton FSML · year-to-date · as of Nov 10, 2026 · AUM not scored

FSML vs VOO

YTD

FSML · Franklin Small Cap Enhanced

+18.4%

VOO · S&P 500

+11.3%

Gap

7.1 pts

Franklin Templeton FSML and Vanguard VOO · Today total return · as of Nov 10, 2026

FSML vs Its Peer Average

YTD

FSMLAvsBPeer average

1D+3.2%+2.7%

1M+0.1%+2.1%

3M−5.4%−3.5%

YTD+18.4%+17.2%

1Y[…]+21.2%

3Y[…]+64.8%

5Y[…]+35.1%

2–2level

110 Small cap peers · each row scaled to its leader

How Bumpy Is FSML?

View

FSML

How Bumpy

1.4×the S&P 500’s swings

CalmerBumpierS&P 1×FSML

Bumpiest of 7 small cap fundsFSML

Other small cap funds1.1× to 1.4×

Franklin Templeton FSML · daily swings over the past year vs the S&P 500

FSML

Worst Drop

−10.9%from its Feb 9 high

Still below the high−6.7%

$10,000 at the high is now$9,330

Franklin Templeton FSML · fall from the highest close, past year

FSML

On a Bad Day

1.2×the S&P 500’s fall

FSML’s worst day: Thursday, Nov 5

FSML

−4.6%

S&P 500

−4.4%

Up days51 of every 100

S&P 500 up days51 of every 100

Franklin Templeton FSML · average move on days the S&P 500 fell

FSML

Return for the Bumps

1Y#7 of 7 small cap funds

#1AVUVAvantis

most for the bumps

#2VBRVanguard

calmest ride

#3IJRiShares

#4DFASDimensional

#5VBVanguard

#6IWMiShares

#7FSMLFranklin Templeton

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.4%

FSML

Cost

Today

$45a year per $10,000

VBR

IJR

IWM

$19

AVUV

$25

DFAS

$30

FSML

$45

Expense ratio 0.45%, taken from the fund’s value

FSML

Volatility & Beta

19.6%annual volatility

S&P 500 volatility13.8%

Downside volatility13.2%

Beta vs SPY1.16

Correlation vs SPY0.82

Beta rank, lowest first, of 7#7

Daily total returns × √252 · past 228 trading days

FSML

Max Drawdown

−10.9%peak to trough

Peak closeFeb 9, 2026

Current drawdown−6.7%

Worst day−4.57% · Nov 5

Closing prices, dividends in

FSML

Up / Down Capture

120%down capture vs SPY

Down days

120%

Up days

124%

S&P 500

100%

Up ÷ down capture1.03

Up days50.9% (S&P 50.9%)

Average daily move on SPY up days and down days

FSML

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
AVUV	1.62	2.56	15.3%	−8.2%	0.71	$25
VBR	1.39	2.17	14.4%	−8.9%	0.74	$5
IJR	1.17	1.80	16.5%	−9.7%	0.92	$6
DFAS	1.07	1.64	16.0%	−9.4%	0.92	$30
VB	0.91	1.35	16.5%	−9.0%	1.01	$3
IWM	0.77	1.12	18.9%	−11.1%	1.14	$19
FSML	0.69	1.02	19.6%	−10.9%	1.16	$45

Sharpe = (return − 3.4% cash) ÷ volatility · Sortino uses downside volatility only

FSML

Trading

Today

+3.31%above its holdings’ value

Close$29.06

NAV$28.13

Fee per $10,000$45 a year

Avg. volume 30D8K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

FSML

Fund Facts

Today

2025launched Dec 9

Tracks[…]

Exchange · CUSIPAMEX · 35473P322

StructureETF

Leverage1x

Cost on $10,000$45 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Franklin Templeton FSML · fund facts · as of Nov 10, 2026

FSML

Payouts by Year

$0.0289per share, Sep 2026

Distribution yield0.5%

PaidEvery quarter

Latest ex-date · paidSep 18 · Sep 25, 2026

4 payouts added up$0.15 a share

Franklin Templeton FSML · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$28.13

Premium / discount[…]

Median spread · 30D[…]

Volume today1K

Average volume · 30D8K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.45%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$45.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 18, 2026	Sep 25, 2026	$0.0289
Jun 26, 2026	Jul 6, 2026	$0.0736
Mar 20, 2026	Mar 27, 2026	$0.0287
Dec 30, 2025	Jan 8, 2026	$0.0160

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