FSML ETF — Franklin Small Cap Enhanced ETF

Franklin Small Cap Enhanced ETF (FSML)

Updated October 16, 2026.

FSML is an ETF. its distribution rate is 0.41%, its trailing-12-month yield is 0.52%, its expense ratio is 0.45%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 11.0% over the past 0.8 years, 0.9 points behind SPY at 11.9%.

Franklin Small Cap Enhanced ETF is an ETF that invests at least 80% of its net assets in equity securities of small-capitalization companies, along with derivatives and other instruments providing similar economic exposure, predominantly through common stock but also including preferred stocks, convertibles, warrants, and rights. The fund carries a modest current distribution rate and makes quarterly distributions. This ETF may appeal to investors seeking equity exposure to small-cap companies with regular income.

FSML performance versus SPY

Price and return data through 2026-10-16.

Total return is 11.0% over the past 0.8 years, 0.9 points behind SPY at 11.9%. Its deepest 1-year drawdown was 10.8%.

FSML key facts

Distribution Safety Score™

50 · Unproven

Issuer

Franklin Templeton

Asset type

ETF

Asset class

Equity

Inception date

12/09/2025

Expense ratio

0.45%

Distribution rate

0.41%

Distribution frequency

Quarterly

Trailing yield

0.52%

Last close

$28.29 (as of 2026-10-16)

AUM

$150,372,995

Average volume

3238.0

Dividend

$0.029

Ex-dividend date

09/18/2026

Payment date

09/25/2026

Beta

1.26

How Dividend Vision calculates yield and returns

Distribution rate (0.41%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.52%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Franklin Templeton; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FSML risks and drawbacks

FSML's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.8%.

Who may consider FSML — and who may not

It is a weaker fit for investors who need monthly cash flow (FSML pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FSML

• All tickers starting with F

Tagged: Small Caps.

Frequently asked questions

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