FLLV vs. PSP ETF Comparison

Comparison of Franklin Liberty U.S. Low Volatility ETF (FLLV) to PowerShares Listed Private Equity (PSP)

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

$52.75

Average Daily Volume

9,344

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$65.26

Average Daily Volume

13,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLLV	PSP
30 Days	1.14%	-1.70%
60 Days	-3.49%	5.05%
90 Days	-1.22%	0.35%
12 Months	15.47%	29.17%

0 Overlapping Holdings

	Symbol	Grade	Weight in FLLV	Weight in PSP	Overlap

FLLV Overweight 81 Positions Relative to PSP

Symbol	Grade	Weight
APH	B	2.1%
ADI	B	1.84%
TXN	B	1.82%
ORCL	A	1.81%
MSFT	A	1.78%
VNT	C	1.71%
ANSS	C	1.68%
GOOGL	B	1.65%
IBM	C	1.63%
SNPS	B	1.6%
ROP	A	1.59%
PTC	C	1.58%
AAPL	B	1.52%
TSCO	B	1.48%
PGR	C	1.42%
NYT	B	1.42%
AMZN	B	1.42%
INTU	C	1.41%
CSCO	F	1.41%
VZ	B	1.39%
KEYS	D	1.33%
ACN	C	1.32%
MRK	A	1.32%
NVR	D	1.27%
JPM	B	1.25%
ROST	B	1.24%
AZO	C	1.23%
AJG	A	1.21%
DTM	A	1.2%
ABBV	B	1.19%
ADBE	C	1.18%
AMGN	B	1.17%
RSG	B	1.16%
GD	A	1.16%
ICE	A	1.15%
CL	A	1.13%
VRSK	A	1.13%
NDAQ	C	1.13%
LOW	C	1.13%
CMCSA	F	1.12%
MA	C	1.12%
V	B	1.12%
MET	C	1.12%
WMB	A	1.11%
MS	B	1.11%
HD	B	1.1%
MDT	D	1.08%
BDX	C	1.07%
PFE	C	1.07%
PG	A	1.07%
ABT	C	1.06%
AME	D	1.06%
LMT	A	1.05%
SPGI	B	1.04%
XOM	C	1.03%
HON	A	1.03%
MCD	D	1.02%
PM	B	1.02%
JNJ	D	1.01%
ECL	A	1.01%
UNH	D	1.01%
KO	B	1.01%
BLK	B	1.01%
FAST	C	0.98%
CVX	C	0.97%
SBUX	D	0.97%
IEX	D	0.95%
PEP	D	0.93%
ITW	D	0.93%
NEE	C	0.91%
MAA	B	0.91%
MDLZ	D	0.89%
LIN	B	0.87%
BMY	F	0.87%
APD	C	0.86%
CVS	D	0.85%
LBRDK	F	0.84%
PSA	B	0.83%
SO	B	0.81%
FR	D	0.78%
DUK	B	0.77%

FLLV Underweight 27 Positions Relative to PSP

Symbol	Grade	Weight
KKR	B	-5.26%
BX	C	-4.5%
TPG	C	-4.27%
CG	C	-3.92%
ARCC	B	-3.12%
OWL	C	-2.65%
HLNE	C	-2.11%
STEP	B	-1.6%
FSK	B	-1.28%
GHC	D	-1.26%
IAC	F	-1.07%
BXSL	B	-1.04%
CODI	D	-0.98%
MAIN	B	-0.8%
BBUC	D	-0.68%
PAX	F	-0.63%
CNNE	D	-0.6%
HTGC	A	-0.54%
GBDC	D	-0.5%
CSWC	B	-0.27%
SLRC	B	-0.27%
BCSF	B	-0.26%
GSBD	C	-0.25%
TSLX	B	-0.25%
PX	C	-0.24%
NMFC	D	-0.24%
BBDC	B	-0.24%