FLCO vs. VABS ETF Comparison

Comparison of Franklin Liberty Investment Grade Corporate ETF (FLCO) to Virtus Newfleet ABS/MBS ETF (VABS)

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

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.37

Average Daily Volume

1,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLCO	VABS
30 Days	1.59%	0.23%
60 Days	4.38%	1.26%
90 Days	6.01%	2.31%
12 Months	13.74%	7.42%

2 Overlapping Holdings

	Symbol	Grade	Weight in FLCO	Weight in VABS	Overlap
	AL	C	0.68%	0.04%	0.04%
	ET	C	0.73%	0.55%	0.55%

FLCO Overweight 51 Positions Relative to VABS

Symbol	Grade	Weight
BAC	D	2.39%
CAF	B	1.87%
LVS	C	1.81%
VZ	A	1.64%
BA	F	1.38%
BABA	B	1.24%
GJS	B	1.13%
EXC	B	1.11%
TAK	C	1.02%
CI	C	0.96%
PNC	C	0.93%
ABBV	B	0.92%
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%
UNH	C	0.72%
NOC	B	0.66%
GPJA	B	0.63%
MET	B	0.61%
ACGL	B	0.61%
CF	B	0.6%
KR	B	0.6%
AMZN	C	0.6%
JBL	C	0.58%
JWN	C	0.57%
FLEX	B	0.56%
XOM	D	0.55%
NWG	B	0.54%
DUK	B	0.51%
HII	F	0.49%
AON	B	0.49%
LMT	A	0.48%
DLTR	F	0.46%
CVX	F	0.44%
GPJA	B	0.4%
RPRX	C	0.4%
ALL	C	0.38%
AZO	B	0.37%
MSFT	C	0.35%
PSX	F	0.35%
DHI	C	0.33%
DVN	F	0.31%
WMB	C	0.3%
STZ	C	0.29%

FLCO Underweight 49 Positions Relative to VABS

Symbol	Grade	Weight
RLJ	D	-4.48%
BW	D	-2.27%
EFC	C	-1.89%
BFS	B	-1.53%
EQC	D	-1.49%
DRH	C	-1.35%
PBI	C	-1.34%
TWO	C	-1.26%
ARR	C	-1.25%
GNL	D	-0.94%
F	F	-0.87%
MFA	C	-0.86%
CIM	C	-0.82%
IVR	C	-0.78%
DBRG	D	-0.62%
EPR	C	-0.47%
MITT	B	-0.45%
CTO	D	-0.29%
PSEC	C	-0.23%
TDS	B	-0.23%
PMT	C	-0.21%
AHH	D	-0.17%
SHO	C	-0.17%
LXP	C	-0.17%
INN	B	-0.16%
ATCOL	B	-0.15%
BHR	C	-0.15%
UMH	C	-0.11%
ABR	B	-0.1%
ALLY	F	-0.1%
FTAI	B	-0.06%
ALTG	F	-0.05%
FHN	D	-0.04%
NYCB	D	-0.04%
CIO	C	-0.03%
NLY	B	-0.03%
SNV	D	-0.02%
DX	B	-0.02%
CODI	C	-0.02%
PEB	D	-0.01%
CNO	C	-0.01%
VNO	B	-0.01%
BOH	D	-0.01%
SF	B	-0.01%
EQH	C	-0.01%
COF	B	-0.01%
IFF	A	-0.01%
JPM	D	-0.01%
NEE	B	-0.01%