Franklin Small Cap Enhanced ETF (FSML)

Franklin Small Cap Enhanced ETF (FSML) is an actively managed equity exchange-traded fund from Franklin Templeton, launched in December 2025. It seeks long-term capital appreciation.

The fund invests in U.S. small-cap stocks using a quantitative framework that evaluates companies across multiple factors to build a broadly diversified portfolio. The enhanced approach aims to improve on the results of the small-cap market through systematic stock selection while keeping risk similar to a small-cap benchmark.

The fund is listed on NYSE Arca and holds several hundred small-company stocks across sectors. Franklin Templeton is a global asset manager based in San Mateo, California. Its quantitative process is applied consistently across the small-cap universe, with the portfolio rebalanced as the model's views change.