ACWV vs. FLCO ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to Franklin Liberty Investment Grade Corporate ETF (FLCO)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.72

Average Daily Volume

151,492

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

FLCO

Franklin Liberty Investment Grade Corporate ETF

FLCO Description

The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The Fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.

Grade (RS Rating)

Last Trade

$22.14

Average Daily Volume

213,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	FLCO
30 Days	1.57%	1.59%
60 Days	6.36%	4.38%
90 Days	9.63%	6.01%
12 Months	22.70%	13.74%

14 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in FLCO	Overlap
ABBV	B	0.56%	0.92%	0.56%
ACGL	B	0.64%	0.61%	0.61%
AON	B	0.33%	0.49%	0.33%
AZO	B	0.74%	0.37%	0.37%
CF	B	0.24%	0.6%	0.24%
CI	C	0.26%	0.96%	0.26%
DUK	B	0.83%	0.51%	0.51%
KR	B	0.77%	0.6%	0.6%
LMT	A	0.24%	0.48%	0.24%
MSFT	C	0.78%	0.35%	0.35%
NOC	B	0.8%	0.66%	0.66%
UNH	C	0.8%	0.72%	0.72%
VZ	A	0.81%	1.64%	0.81%
XOM	D	0.1%	0.55%	0.1%

ACWV Overweight 127 Positions Relative to FLCO

Symbol	Grade	Weight
TMUS	B	1.7%
WMT	B	1.67%
MSI	B	1.66%
CSCO	B	1.39%
WM	D	1.37%
ROP	C	1.34%
MRK	F	1.25%
MCK	F	1.17%
PEP	D	1.14%
JNJ	C	1.13%
RSG	D	1.13%
VRTX	D	1.11%
MCD	B	1.0%
COR	F	0.97%
ED	B	0.9%
CB	B	0.89%
MMC	C	0.89%
BRK.A	C	0.89%
REGN	D	0.89%
PG	C	0.84%
PGR	C	0.83%
SO	B	0.82%
IBM	B	0.74%
GIS	B	0.71%
WEC	B	0.65%
LLY	D	0.6%
ELV	D	0.56%
CBOE	C	0.56%
ORLY	B	0.56%
K	A	0.56%
GDDY	C	0.55%
EA	D	0.54%
V	C	0.54%
HSY	D	0.48%
ORCL	B	0.48%
APH	C	0.48%
GILD	B	0.43%
CHD	C	0.43%
FI	B	0.41%
KEYS	B	0.41%
KDP	B	0.4%
MKL	C	0.4%
AMGN	D	0.39%
CL	C	0.39%
WRB	D	0.39%
BAH	B	0.38%
WCN	D	0.38%
CHT	B	0.38%
L	D	0.38%
KHC	C	0.36%
TJX	C	0.36%
UTHR	B	0.36%
VRSN	C	0.35%
ERIE	B	0.34%
HUM	F	0.34%
AJG	D	0.32%
KMB	C	0.32%
JNPR	A	0.32%
FFIV	B	0.32%
INCY	C	0.32%
AKAM	D	0.3%
TSN	D	0.3%
NBIX	F	0.3%
SJM	C	0.29%
TRV	C	0.29%
MDLZ	C	0.28%
GEN	A	0.27%
BRO	C	0.27%
HRL	F	0.25%
T	B	0.25%
CPB	C	0.25%
ACN	C	0.24%
YUM	B	0.23%
BDX	D	0.23%
CME	B	0.22%
FCNCA	D	0.21%
BMY	C	0.21%
BMRN	F	0.21%
ROL	C	0.21%
JKHY	B	0.2%
FWONK	C	0.2%
PTC	C	0.2%
GD	C	0.19%
CTSH	B	0.19%
MA	B	0.18%
DPZ	D	0.18%
CAH	C	0.17%
CMS	B	0.17%
ULTA	D	0.17%
DGX	B	0.15%
MPC	F	0.15%
MOH	D	0.14%
LNG	D	0.13%
NEM	C	0.12%
CTVA	B	0.12%
WIT	C	0.11%
AIZ	B	0.11%
MNST	D	0.11%
PCG	C	0.1%
TDY	B	0.1%
AEE	B	0.1%
ABT	C	0.1%
FICO	B	0.1%
AZPN	B	0.1%
XEL	B	0.1%
EG	B	0.1%
WTW	B	0.09%
WDAY	D	0.09%
DINO	F	0.07%
TPL	C	0.07%
IT	C	0.07%
AEP	C	0.07%
KO	B	0.06%
ANET	C	0.06%
CHRW	B	0.06%
HSIC	C	0.06%
TRGP	C	0.06%
FANG	F	0.06%
ACI	F	0.05%
HOLX	D	0.05%
GPC	D	0.05%
KNX	C	0.05%
CAG	B	0.05%
SGD	F	0.0%
SAR	C	0.0%
HKD	C	0.0%
IDR	C	0.0%

ACWV Underweight 39 Positions Relative to FLCO

Symbol	Grade	Weight
BAC	D	-2.39%
CAF	B	-1.87%
LVS	C	-1.81%
BA	F	-1.38%
BABA	B	-1.24%
GJS	B	-1.13%
EXC	B	-1.11%
TAK	C	-1.02%
PNC	C	-0.93%
NOW	C	-0.92%
CARR	B	-0.9%
HCA	B	-0.88%
FDX	D	-0.86%
AAPL	C	-0.85%
CMCSA	C	-0.82%
MHK	B	-0.8%
AFL	A	-0.79%
TFC	D	-0.77%
C	C	-0.75%
ET	C	-0.73%
AL	C	-0.68%
GPJA	B	-0.63%
MET	B	-0.61%
AMZN	C	-0.6%
JBL	C	-0.58%
JWN	C	-0.57%
FLEX	B	-0.56%
NWG	B	-0.54%
HII	F	-0.49%
DLTR	F	-0.46%
CVX	F	-0.44%
GPJA	B	-0.4%
RPRX	C	-0.4%
ALL	C	-0.38%
PSX	F	-0.35%
DHI	C	-0.33%
DVN	F	-0.31%
WMB	C	-0.3%
STZ	C	-0.29%