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It is a passively managed exchange-traded fund that gives investors a basket of emerging market stocks chosen for their high dividend yields.
This is a fund, not a company that makes or sells things. It is a basket of stocks you can buy in one click, and what it holds is shares of large and mid-sized companies in emerging markets — places like China, India, Taiwan, Brazil, and South Africa. The idea for the investor is simple: instead of picking individual stocks in fast-growing but often bumpy foreign markets, you own a diversified slice of them through a single fund that trades on the NYSE Arca exchange.

What makes this particular basket different is the "dividend tilt." The fund tracks an index that weights companies toward those paying higher dividends relative to their peers, rather than simply by how big they are. Dividends are cash payments companies hand back to shareholders, often a sign of mature, cash-generating businesses rather than young growth stories. So an investor who wants emerging market exposure with a bit more income — and a somewhat more value-oriented, less tech-heavy flavor than a plain emerging markets index — is the kind of person this fund is built for. It is run by Franklin Resources, the asset manager behind the Franklin Templeton brand, and it is passively managed: a computer follows a published index rather than a human stock-picker making active bets. Because it is passive, the fund is cheap to run compared with actively managed funds, though its exact expense ratio is worth checking in the fund's current documents since it can change. The fund was previously known as the Franklin LibertyQ Emerging Markets Index ETF before being renamed, which is why older articles may describe it under the older name.
The honest caveats matter here. Emerging markets can swing hard, currencies can move against you, and a dividend-focused screen can miss the big growth winners that pay little or nothing — so this fund will sometimes lag a plain emerging markets index when hot growth stocks lead the way. It is best understood as a single building block inside a diversified portfolio, not a savings account or a sure thing.
Saved answer · last researched 15 Nov 2026