# Franklin Small Cap Enhanced ETF (FSML) — Overview

FSML · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/fsml

## Price

Last close $28.74 on Oct 15, 2026. 52-week range $23.90 – $31.18.

## Fund profile

FSML seeks long-term capital appreciation by investing in a portfolio of small cap equity securities selected from the fund's investible universe (as represented by the Russell 20000 Index).

| Metric | Value |
| --- | --- |
| Issuer | Franklin Advisers, Inc. |
| Industry | — |
| Inception | Dec 9, 2025 |
| Assets under management | $147.4M |
| Expense ratio | 0.45% |
| Net asset value | $28.34 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Franklin Small Cap Enhanced ETF (FSML)?

FSML seeks long-term capital appreciation by investing in a portfolio of small cap equity securities selected from the fund's investible universe (as represented by the Russell 20000 Index).

### What is FSML's expense ratio?

Franklin Small Cap Enhanced ETF charges an annual expense ratio of 0.45%. The fund is issued by Franklin Advisers, Inc..

### How large is FSML?

Franklin Small Cap Enhanced ETF manages $147.4M in assets and has traded since Dec 9, 2025.

### How do I buy shares of Franklin Small Cap Enhanced ETF (FSML)?

FSML trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).