Key stats
About Franklin U.S. Mid Cap Multifactor Index ETF Trust Units
Home page
Inception date
Jan 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Franklin Templeton Investments Corp.
ISIN
CA3551401043
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.
Related funds
Classification
What's in the fund
Exposure type
Finance
Technology Services
Retail Trade
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FMID trades at 19.34 CAD today, its price has fallen −0.05% in the past 24 hours. Track more dynamics on FMID price chart.
FMID net asset value is 18.92 today — it's risen 3.67% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FMID assets under management is 11.22 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FMID fund flows account for 966.00 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FMID invests in stocks. See more details in our Analysis section.
No, FMID isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, FMID doesn't pay dividends to its holders.
FMID trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FMID shares are issued by Franklin Resources, Inc.
FMID follows the LibertyQ U.S. Mid Cap Equity Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 30, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.