ACWV vs. FLQL ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to Franklin LibertyQ U.S. Equity ETF (FLQL)

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

$113.65

Average Daily Volume

156,529

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.47

Average Daily Volume

54,267

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	FLQL
30 Days	1.77%	5.31%
60 Days	5.39%	6.62%
90 Days	8.03%	1.22%
12 Months	23.52%	35.13%

45 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in FLQL	Overlap
ABBV	C	0.55%	1.6%	0.55%
ACGL	C	0.64%	0.31%	0.31%
AMGN	D	0.37%	1.23%	0.37%
ANET	A	0.06%	0.81%	0.06%
APH	D	0.48%	0.56%	0.48%
BRK.A	C	0.87%	1.08%	0.87%
CB	D	0.87%	0.58%	0.58%
CF	B	0.25%	0.11%	0.11%
CHRW	C	0.06%	0.11%	0.06%
CI	D	0.25%	0.62%	0.25%
CL	D	0.39%	0.58%	0.39%
CTSH	C	0.2%	0.24%	0.2%
DGX	D	0.15%	0.1%	0.1%
DPZ	D	0.19%	0.11%	0.11%
ELV	F	0.53%	0.37%	0.37%
FANG	C	0.06%	0.2%	0.06%
FICO	A	0.1%	0.15%	0.1%
GD	C	0.19%	0.42%	0.19%
IBM	A	0.76%	1.41%	0.76%
JNJ	D	1.09%	1.65%	1.09%
JNPR	B	0.32%	0.1%	0.1%
K	A	0.55%	0.1%	0.1%
KMB	D	0.32%	0.15%	0.15%
LLY	C	0.57%	1.62%	0.57%
LMT	A	0.25%	0.46%	0.25%
MA	A	0.17%	1.74%	0.17%
MRK	F	1.2%	1.45%	1.2%
MSFT	D	0.75%	6.14%	0.75%
MSI	A	1.66%	0.53%	0.53%
ORCL	A	0.48%	0.81%	0.48%
REGN	F	0.8%	0.83%	0.8%
ROL	D	0.21%	0.1%	0.1%
RSG	D	1.11%	0.3%	0.3%
SO	C	0.82%	0.31%	0.31%
T	C	0.25%	1.05%	0.25%
TJX	D	0.35%	0.94%	0.35%
TMUS	A	1.72%	0.51%	0.51%
TPL	A	0.07%	0.1%	0.07%
UNH	B	0.8%	0.53%	0.53%
UTHR	C	0.37%	0.11%	0.11%
VRTX	D	1.06%	0.94%	0.94%
VZ	C	0.81%	1.35%	0.81%
WM	D	1.36%	0.64%	0.64%
WMT	B	1.69%	1.65%	1.65%
XOM	A	0.1%	0.64%	0.1%

ACWV Overweight 93 Positions Relative to FLQL

Symbol	Grade	Weight
CSCO	A	1.41%
ROP	D	1.3%
MCK	F	1.11%
PEP	F	1.09%
MCD	B	1.02%
COR	F	0.95%
ED	D	0.9%
MMC	D	0.88%
DUK	D	0.83%
PG	D	0.83%
PGR	C	0.81%
NOC	B	0.79%
KR	C	0.78%
AZO	D	0.77%
GIS	C	0.69%
WEC	C	0.66%
ORLY	A	0.56%
CBOE	B	0.54%
EA	D	0.54%
GDDY	D	0.53%
V	C	0.52%
HSY	F	0.47%
CHD	D	0.44%
GILD	A	0.42%
KEYS	C	0.41%
FI	A	0.4%
MKL	C	0.39%
KDP	C	0.39%
L	D	0.38%
WRB	D	0.38%
CHT	D	0.38%
BAH	A	0.38%
WCN	D	0.37%
KHC	F	0.36%
VRSN	D	0.36%
HUM	F	0.35%
ERIE	C	0.34%
INCY	C	0.32%
AON	B	0.32%
FFIV	B	0.32%
AJG	D	0.31%
AKAM	C	0.3%
NBIX	F	0.29%
TSN	D	0.29%
SJM	F	0.29%
TRV	C	0.28%
GEN	A	0.27%
BRO	D	0.27%
MDLZ	D	0.27%
ACN	B	0.25%
YUM	C	0.24%
HRL	F	0.24%
CPB	D	0.24%
BDX	C	0.23%
CME	B	0.22%
BMY	B	0.21%
JKHY	B	0.2%
FWONK	D	0.2%
BMRN	F	0.2%
PTC	D	0.2%
FCNCA	C	0.19%
CMS	B	0.17%
ULTA	D	0.17%
CAH	B	0.16%
MPC	C	0.15%
LNG	A	0.13%
MOH	F	0.13%
NEM	C	0.12%
CTVA	B	0.12%
WIT	C	0.11%
MNST	D	0.11%
AIZ	D	0.11%
PCG	B	0.1%
TDY	B	0.1%
ABT	C	0.1%
AZPN	A	0.1%
AEE	A	0.1%
XEL	C	0.1%
EG	D	0.1%
WDAY	D	0.09%
WTW	C	0.09%
IT	B	0.07%
AEP	D	0.07%
KO	D	0.06%
TRGP	A	0.06%
HSIC	D	0.06%
DINO	D	0.06%
ACI	F	0.05%
HOLX	D	0.05%
GPC	F	0.05%
KNX	D	0.05%
CAG	D	0.05%
HKD	B	0.0%

ACWV Underweight 165 Positions Relative to FLQL

Symbol	Grade	Weight
AAPL	C	-7.06%
NVDA	B	-5.69%
AMZN	C	-2.73%
META	B	-2.64%
GOOGL	B	-1.97%
AVGO	B	-1.82%
GOOG	C	-1.68%
COST	C	-1.65%
CAT	A	-1.32%
QCOM	D	-1.25%
TXN	C	-1.23%
ISRG	D	-1.21%
AMAT	C	-1.12%
JPM	C	-1.05%
BKNG	B	-0.99%
C	B	-0.89%
TSLA	C	-0.88%
SYK	D	-0.88%
KLAC	B	-0.84%
BSX	A	-0.79%
MO	D	-0.78%
LRCX	D	-0.77%
PM	D	-0.66%
TT	A	-0.63%
HCA	C	-0.6%
MCO	D	-0.57%
CMG	C	-0.56%
RTX	A	-0.53%
GS	B	-0.51%
PH	A	-0.48%
SPG	B	-0.44%
DHI	C	-0.44%
CTAS	C	-0.44%
PSA	C	-0.4%
PCAR	C	-0.39%
URI	C	-0.38%
ADI	C	-0.35%
GWW	B	-0.34%
LEN	C	-0.34%
HLT	A	-0.31%
FAST	C	-0.3%
GM	C	-0.29%
HPQ	B	-0.27%
MCHP	F	-0.27%
PHM	C	-0.25%
CMI	A	-0.24%
PEG	A	-0.23%
AFL	C	-0.23%
NVR	C	-0.23%
HWM	A	-0.22%
NTAP	B	-0.22%
GRMN	D	-0.21%
HIG	C	-0.2%
HPE	B	-0.2%
DECK	C	-0.2%
EBAY	A	-0.19%
IRM	C	-0.19%
GLW	C	-0.19%
APP	A	-0.19%
WSM	C	-0.18%
LYB	C	-0.18%
SPOT	C	-0.17%
LDOS	A	-0.17%
O	C	-0.17%
CSL	A	-0.16%
DAL	C	-0.16%
DELL	B	-0.16%
SYF	A	-0.16%
WAB	A	-0.16%
TSCO	A	-0.16%
STLD	B	-0.15%
MPWR	B	-0.14%
ETR	B	-0.14%
LII	C	-0.14%
RCL	B	-0.13%
RMD	D	-0.13%
BBY	C	-0.13%
MAS	B	-0.13%
TOL	C	-0.13%
PKG	B	-0.13%
UHS	D	-0.12%
EXR	D	-0.12%
NRG	B	-0.12%
WSO	C	-0.12%
THC	D	-0.12%
LAMR	C	-0.11%
CW	B	-0.11%
CACI	A	-0.11%
RGA	D	-0.11%
BJ	B	-0.11%
DKS	D	-0.11%
AWI	A	-0.11%
DVA	C	-0.11%
TER	C	-0.11%
VICI	C	-0.11%
FIX	A	-0.11%
SWKS	F	-0.11%
ESS	D	-0.11%
RL	B	-0.11%
SCCO	B	-0.11%
AYI	A	-0.11%
IP	C	-0.11%
CFG	C	-0.11%
OC	B	-0.11%
LNC	C	-0.1%
WU	D	-0.1%
AVT	B	-0.1%
SSNC	C	-0.1%
M	F	-0.1%
AMCR	C	-0.1%
GLPI	B	-0.1%
UGI	D	-0.1%
GPK	D	-0.1%
CROX	C	-0.1%
CRI	D	-0.1%
RGLD	D	-0.1%
HRB	C	-0.1%
DTM	A	-0.1%
MTG	C	-0.1%
LOPE	F	-0.1%
INGR	B	-0.1%
CHE	D	-0.1%
JHG	A	-0.1%
AXS	C	-0.1%
OMC	C	-0.1%
G	A	-0.1%
R	B	-0.1%
FOX	B	-0.1%
AVB	D	-0.1%
CLH	B	-0.1%
NFG	A	-0.1%
EPR	C	-0.1%
OHI	C	-0.1%
FOXA	B	-0.1%
TNL	C	-0.1%
CUZ	C	-0.1%
PPC	B	-0.1%
ADC	C	-0.1%
KEX	C	-0.1%
WING	C	-0.1%
LEN	C	-0.1%
HIW	C	-0.1%
NNN	C	-0.1%
EHC	C	-0.1%
JEF	A	-0.1%
MDU	A	-0.1%
EMN	C	-0.1%
EME	A	-0.1%
EVR	C	-0.1%
TXRH	C	-0.1%
CASY	D	-0.1%
ALSN	A	-0.1%
KRC	C	-0.1%
MUSA	D	-0.09%
DVN	D	-0.09%
APA	F	-0.09%
COKE	D	-0.09%
PK	D	-0.09%
GAP	F	-0.09%
MEDP	F	-0.09%
SNX	B	-0.09%
NEU	F	-0.09%
CRUS	D	-0.08%
OGN	F	-0.08%
CIVI	F	-0.08%