FLLV vs. FCOM ETF Comparison

Comparison of Franklin Liberty U.S. Low Volatility ETF (FLLV) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

FLLV

Franklin Liberty U.S. Low Volatility ETF

FLLV Description

The fund seeks capital appreciation with an emphasis on lower volatility than the broader equity market, as measured by the Russell 1000 Index. The fund applies a fundamentally driven %u201Cbottom-up%u201D research process to identify stocks that exhibit strong fundamental characteristics and screens for stocks with the lowest realized volatility scores, based on our proprietary quantitative model, relative to their corresponding sectors. Risk considerations are incorporated into the final stock selection process.

Grade (RS Rating)

Last Trade

$52.16

Average Daily Volume

8,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.59

Average Daily Volume

104,464

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLLV	FCOM
30 Days	-4.58%	-3.97%
60 Days	-2.33%	-1.94%
90 Days	0.14%	3.19%
12 Months	11.23%	28.27%

5 Overlapping Holdings

Symbol	Grade	Weight in FLLV	Weight in FCOM	Overlap
CMCSA	F	1.2%	4.18%	1.2%
GOOGL	A	1.52%	14.03%	1.52%
LBRDK	D	0.84%	0.59%	0.59%
NYT	D	1.24%	0.67%	0.67%
VZ	C	1.36%	4.41%	1.36%

FLLV Overweight 76 Positions Relative to FCOM

Symbol	Grade	Weight
VNT	C	1.82%
APH	A	1.81%
IBM	D	1.79%
ANSS	C	1.73%
ORCL	D	1.72%
MSFT	C	1.71%
PTC	C	1.65%
ROP	D	1.58%
INTU	B	1.56%
TXN	A	1.54%
CSCO	D	1.53%
ADI	A	1.5%
ACN	D	1.48%
SNPS	C	1.47%
PGR	A	1.47%
KEYS	C	1.45%
TSCO	A	1.4%
AMZN	C	1.38%
NVR	C	1.35%
AAPL	F	1.34%
AZO	C	1.34%
MRK	A	1.31%
ADBE	F	1.23%
LOW	D	1.23%
JPM	B	1.22%
RSG	A	1.21%
NDAQ	B	1.2%
ABBV	C	1.2%
ROST	D	1.18%
MET	C	1.18%
GD	A	1.18%
MA	C	1.17%
ICE	C	1.16%
AJG	C	1.15%
MCD	D	1.14%
V	C	1.14%
HD	D	1.14%
DTM	A	1.13%
XOM	A	1.13%
AME	C	1.12%
IEX	C	1.11%
ABT	D	1.09%
CL	A	1.09%
MS	A	1.09%
FAST	C	1.08%
MDT	D	1.08%
SBUX	F	1.08%
BDX	F	1.07%
AMGN	C	1.07%
PG	A	1.06%
WMB	A	1.06%
LMT	A	1.06%
JNJ	F	1.05%
BMY	F	1.04%
SPGI	C	1.04%
PFE	F	1.03%
CVX	A	1.03%
UNH	D	1.03%
BLK	C	1.03%
PEP	A	1.01%
ITW	D	1.0%
CVS	D	1.0%
HON	D	0.99%
KO	A	0.99%
VRSK	D	0.98%
PM	A	0.95%
ECL	B	0.95%
MDLZ	B	0.94%
LIN	C	0.93%
MAA	B	0.86%
PSA	D	0.81%
FR	D	0.79%
NEE	A	0.79%
DUK	A	0.76%
SO	A	0.76%
APD	C	0.73%

FLLV Underweight 84 Positions Relative to FCOM

Symbol	Grade	Weight
META	D	-21.21%
GOOG	A	-11.26%
DIS	C	-4.6%
NFLX	D	-4.4%
T	B	-3.57%
TMUS	A	-3.0%
TTD	C	-1.51%
EA	D	-1.37%
TTWO	D	-1.19%
CHTR	F	-1.17%
OMC	A	-1.16%
PINS	C	-1.05%
WBD	F	-1.0%
LYV	D	-0.94%
SNAP	A	-0.93%
IPG	F	-0.89%
RBLX	F	-0.89%
NWSA	D	-0.8%
FOXA	B	-0.78%
ROKU	F	-0.74%
MTCH	F	-0.74%
PARA	D	-0.59%
NXST	D	-0.55%
EDR	A	-0.48%
ZI	D	-0.43%
FYBR	C	-0.42%
FOX	B	-0.41%
IAC	F	-0.37%
IRDM	B	-0.33%
MSGS	B	-0.29%
TRIP	C	-0.28%
CCOI	F	-0.28%
TGNA	F	-0.26%
YELP	B	-0.26%
SIRI	F	-0.23%
ZD	F	-0.23%
CARG	C	-0.2%
SATS	A	-0.19%
CNK	D	-0.19%
CABO	F	-0.17%
TDS	B	-0.16%
LGF.A	B	-0.13%
LUMN	F	-0.12%
SSTK	D	-0.11%
CARS	D	-0.11%
MGNI	F	-0.11%
LILAK	A	-0.1%
GSAT	D	-0.1%
BMBL	F	-0.1%
MSGE	A	-0.1%
QNST	A	-0.09%
SCHL	D	-0.09%
PUBM	A	-0.09%
THRY	A	-0.08%
IMAX	D	-0.08%
SHEN	F	-0.07%
IAS	D	-0.07%
ZIP	F	-0.07%
TTGT	D	-0.07%
GOGO	B	-0.06%
LGF.A	B	-0.06%
USM	B	-0.06%
IDT	C	-0.06%
AMC	F	-0.06%
GTN	F	-0.05%
VMEO	D	-0.05%
ADV	B	-0.05%
STGW	A	-0.05%
CCO	F	-0.04%
MAX	B	-0.04%
ATUS	F	-0.04%
BOC	F	-0.04%
FUBO	F	-0.04%
ATEX	D	-0.04%
EB	D	-0.04%
LILA	A	-0.03%
CNSL	B	-0.03%
MCS	F	-0.03%
AMCX	F	-0.03%
ANGI	D	-0.02%
IHRT	D	-0.02%
ATNI	F	-0.02%
SSP	F	-0.02%
EVC	F	-0.01%