FMID Stock Fund Price and Chart — NEO:FMID — TradingView

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FMID chart

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About FRANKLIN U.S. MID CAP MULTIFACTOR INDEX ETF

FMID tracks an index of US-listed mid-cap stocks selected and weighted based on four different factors: quality, value, momentum, and low volatility. The index attempts to achieve a lower level of risk and higher risk-adjusted performance than the broader mid-cap equity market. Quality and value are assessed using fundamental metrics: ROE, earnings variability, and leverage ratios for quality, and earnings yield, dividend yield, and book-to-price ratios for value. Meanwhile, momentum uses 6- and 12-month risk-adjusted price movements and volatility (beta) embraces technical attributes. Although FLQM incorporates all four factors, the portfolio emphasizes fundamental rather than technical components, with quality and value given 50% and 30% weight, respectively, while momentum and volatility claim only 10% each. The index undergoes semi-annual rebalance and reconstitution.