DVAL vs. IFRA ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to iShares U.S. Infrastructure ETF (IFRA)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.88

Average Daily Volume

7,087

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.21

Average Daily Volume

306,176

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	IFRA
30 Days	2.72%	7.23%
60 Days	5.24%	9.35%
90 Days	6.69%	12.85%
12 Months	26.63%	38.77%

16 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in IFRA	Overlap
AM	A	0.25%	0.69%	0.25%
BCC	B	0.26%	0.56%	0.26%
BLD	D	0.2%	0.5%	0.2%
BLDR	D	1.86%	0.53%	0.53%
CSL	C	1.06%	0.56%	0.56%
EMN	C	0.23%	0.51%	0.23%
EXP	B	0.22%	0.63%	0.22%
LYB	F	1.44%	0.44%	0.44%
MDU	D	0.14%	0.36%	0.14%
MLM	C	0.66%	0.58%	0.58%
NRG	B	0.77%	0.79%	0.77%
NUE	C	1.15%	0.52%	0.52%
OC	A	0.9%	0.62%	0.62%
RS	B	0.97%	0.56%	0.56%
STLD	B	1.41%	0.62%	0.62%
WMB	A	1.32%	0.82%	0.82%

DVAL Overweight 94 Positions Relative to IFRA

Symbol	Grade	Weight
LMT	D	4.4%
CMCSA	B	4.34%
IBM	C	4.21%
DE	B	3.88%
TMUS	B	3.65%
HON	C	3.53%
CSCO	B	3.43%
GM	C	3.32%
CAT	B	3.17%
COP	C	3.1%
MPC	D	2.74%
PYPL	B	2.36%
CVX	A	2.2%
JNJ	C	1.56%
AXP	A	1.5%
WMT	A	1.37%
MMM	D	1.33%
VLO	C	1.26%
PCAR	B	1.2%
PHM	D	1.05%
EXPD	C	1.04%
KHC	F	0.98%
PG	C	0.96%
GIS	D	0.95%
SCI	B	0.93%
JBL	C	0.89%
CF	A	0.83%
EBAY	D	0.78%
MGM	D	0.76%
CRBG	B	0.74%
PSX	C	0.71%
WFC	A	0.71%
BG	D	0.7%
BMY	B	0.68%
DRI	B	0.67%
EXPE	B	0.66%
ORI	A	0.65%
IPG	D	0.65%
MRO	B	0.64%
NVR	D	0.64%
AMGN	F	0.63%
AN	C	0.62%
CPAY	A	0.6%
EQH	C	0.6%
AFG	A	0.58%
EOG	A	0.53%
BERY	C	0.52%
DIS	B	0.52%
FOXA	A	0.51%
TXT	D	0.5%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
OMF	A	0.45%
SYY	D	0.45%
MTG	C	0.45%
VZ	C	0.43%
NXST	C	0.42%
TRMB	B	0.41%
AMG	B	0.4%
FLEX	B	0.4%
TRGP	A	0.37%
MRK	D	0.35%
BC	C	0.35%
RL	C	0.33%
KBH	D	0.33%
DVA	C	0.31%
SAIC	F	0.31%
TOL	B	0.31%
MUSA	B	0.29%
R	B	0.28%
DKS	D	0.27%
RHI	C	0.26%
AOS	F	0.23%
COKE	C	0.22%
PVH	C	0.19%
H	B	0.18%
SNX	D	0.18%
INGR	C	0.17%
CBT	D	0.17%
CNM	D	0.17%
FANG	C	0.15%
NEU	D	0.14%
FMC	D	0.13%
WEX	D	0.13%
BYD	B	0.13%
CHX	C	0.1%
GPK	C	0.1%
TPR	B	0.09%
RDN	D	0.08%
OMC	C	0.05%
WSC	F	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 134 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-1.23%
USLM	A	-0.91%
DTM	A	-0.87%
CENX	B	-0.86%
KNTK	A	-0.85%
CEG	C	-0.85%
MYRG	B	-0.84%
STRL	A	-0.83%
KMI	A	-0.83%
AGX	B	-0.82%
MGEE	B	-0.8%
PRIM	A	-0.8%
ETR	B	-0.79%
OKE	A	-0.78%
ROAD	B	-0.77%
IDA	A	-0.74%
TXNM	A	-0.73%
ENLC	A	-0.72%
XEL	A	-0.72%
FIX	A	-0.72%
CNP	A	-0.72%
LMB	B	-0.72%
SRE	A	-0.72%
ATO	A	-0.72%
AEE	A	-0.71%
OGS	A	-0.71%
CMP	C	-0.71%
NI	A	-0.71%
GBX	A	-0.71%
PEG	A	-0.71%
MSEX	C	-0.7%
CPK	A	-0.7%
EME	A	-0.7%
MTZ	B	-0.7%
CSX	C	-0.7%
PCG	A	-0.69%
BKH	A	-0.69%
EVRG	A	-0.69%
OGE	A	-0.69%
NSC	B	-0.69%
AWR	B	-0.68%
HEES	C	-0.68%
MLI	B	-0.68%
MTRX	B	-0.68%
PNW	A	-0.68%
PPL	A	-0.68%
NWN	A	-0.68%
LXFR	C	-0.68%
LNT	A	-0.67%
ALE	A	-0.67%
GLDD	B	-0.67%
RYI	C	-0.67%
SUM	B	-0.67%
WEC	A	-0.67%
SR	A	-0.66%
APOG	C	-0.66%
AGR	A	-0.66%
UTL	B	-0.66%
NWE	B	-0.66%
GVA	A	-0.66%
D	C	-0.65%
BXC	B	-0.65%
WTRG	B	-0.65%
PWR	A	-0.65%
CMS	C	-0.65%
EXC	C	-0.65%
DTE	C	-0.64%
SO	C	-0.64%
NWPX	A	-0.64%
CRS	B	-0.64%
AWI	A	-0.63%
POR	C	-0.63%
KNF	B	-0.63%
TPC	C	-0.63%
VMI	B	-0.63%
NGVT	B	-0.63%
AVA	A	-0.63%
NEE	C	-0.62%
URI	C	-0.62%
UNP	C	-0.62%
EIX	B	-0.62%
DUK	C	-0.62%
FE	C	-0.61%
CWT	C	-0.61%
ECVT	C	-0.61%
ASTE	C	-0.61%
ARTNA	F	-0.61%
YORW	F	-0.61%
TRN	B	-0.6%
ES	C	-0.6%
SJW	F	-0.6%
AWK	C	-0.6%
AEP	C	-0.6%
VMC	B	-0.6%
LPX	B	-0.6%
ED	C	-0.6%
CMC	B	-0.59%
KALU	C	-0.59%
LXU	B	-0.59%
HE	C	-0.59%
X	B	-0.58%
TREX	C	-0.57%
OSK	C	-0.57%
FLR	B	-0.57%
AZEK	A	-0.56%
ACM	B	-0.56%
ASIX	B	-0.55%
APG	B	-0.55%
SWX	B	-0.55%
ROCK	C	-0.54%
NFE	D	-0.54%
SSD	F	-0.53%
BWMN	C	-0.53%
HWKN	B	-0.53%
XPEL	B	-0.53%
ZEUS	C	-0.52%
POOL	C	-0.52%
TEX	F	-0.52%
KOP	C	-0.51%
AESI	B	-0.5%
CLF	F	-0.5%
OLN	F	-0.5%
NVEE	F	-0.5%
HAYN	A	-0.5%
MTUS	C	-0.49%
J	D	-0.49%
IIIN	C	-0.48%
ATI	C	-0.48%
WOR	F	-0.47%
WMS	F	-0.46%
WLK	D	-0.46%
MATV	D	-0.33%
NVRI	D	-0.33%
TTEK	F	-0.09%