USPX ETF — Franklin U.S. Equity Index ETF

Franklin U.S. Equity Index ETF (USPX)

USPX is a low-cost ETF that tracks the Franklin U.S. Equity Index. its distribution rate is 0.85%, its trailing-12-month yield is 1.02%, its expense ratio is 0.03%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 232.7% over the past 10.3 years, 102.5 points behind SPY at 335.2%.

At the current 0.85% distribution rate, a $10,000 investment would generate approximately $85 per year, or about $21.25 per quarter if the next payment matches the last regular one.

Franklin U.S. Equity Index ETF is an index fund that tracks the Franklin U.S. Equity Index, a market-capitalization-weighted index of large- and mid-cap U.S. stocks representing the top 85% of the investable market by float-adjusted capitalization. The fund maintains a modest current distribution rate and distributes quarterly, with a very low expense ratio of 0.03%.

USPX performance versus SPY

Price and return data through 2026-09-21.

Total return is 232.7% over the past 10.3 years, 102.5 points behind SPY at 335.2%. Over the past year its total return — price change plus distributions reinvested — is 17.2%. Its deepest 1-year drawdown was 9.1%.

USPX key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

0.61%

Issuer

Franklin Templeton

Asset type

ETF

Asset class

Equity

Inception date

06/01/2016

Expense ratio

0.03%

Distribution rate

0.85%

Distribution frequency

Quarterly

Trailing yield

1.02%

Last close

$67.74 (as of 2026-09-21)

NAV

$66.67

Premium / discount

1.60% premium

AUM

$2,066,741,298

Average volume

34944.0

Next dividend

$0.1437

Last ex-dividend date

09/18/2026

Next payment date

09/25/2026

Beta

1.01

P/E ratio

25.1316

How Dividend Vision calculates yield and returns

Distribution rate (0.85%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.02%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Franklin Templeton; Index: Franklin U.S. Equity Index; 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.

USPX risks and drawbacks

USPX'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 9.1%.

Who may consider USPX — and who may not

USPX may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (USPX 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.

Frequently asked questions

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