FLQL vs. BFOR ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Barron's 400 (BFOR)

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

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

BFOR

Barron's 400

BFOR Description

The investment seeks investment results that correspond generally, before fees and expenses, to the performance of the Barron's 400 Index (the "underlying index"). The underlying index is a rules-based index intended to give investors a means of tracking the overall performance of high performing equity securities of U.S. companies. The fund will invest at least 80% of its total assets in the equity securities which comprise the index. The underlying index's stocks are constituents of the MarketGrader U.S. Coverage Universe.

Grade (RS Rating)

Last Trade

$78.80

Average Daily Volume

4,071

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	BFOR
30 Days	2.44%	9.34%
60 Days	3.55%	10.13%
90 Days	4.50%	11.66%
12 Months	31.26%	38.09%

95 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in BFOR	Overlap
AAPL	C	7.0%	0.24%	0.24%
ACGL	D	0.26%	0.2%	0.2%
AFL	B	0.23%	0.23%	0.23%
ALSN	B	0.12%	0.31%	0.12%
AMAT	F	0.96%	0.22%	0.22%
AMZN	C	2.92%	0.26%	0.26%
ANET	C	0.77%	0.25%	0.25%
APA	D	0.08%	0.21%	0.08%
APH	A	0.6%	0.26%	0.26%
APP	B	0.42%	0.56%	0.42%
AWI	A	0.12%	0.27%	0.12%
BKNG	A	1.19%	0.28%	0.28%
CACI	D	0.09%	0.23%	0.09%
CASY	A	0.11%	0.24%	0.11%
CAT	B	1.27%	0.25%	0.25%
CF	B	0.11%	0.24%	0.11%
CL	D	0.52%	0.2%	0.2%
CMG	B	0.57%	0.24%	0.24%
COKE	C	0.08%	0.21%	0.08%
COST	B	1.7%	0.23%	0.23%
CROX	D	0.07%	0.17%	0.07%
CRUS	D	0.07%	0.18%	0.07%
CSL	C	0.15%	0.24%	0.15%
CTAS	B	0.46%	0.24%	0.24%
CTSH	B	0.24%	0.24%	0.24%
CW	B	0.11%	0.27%	0.11%
DECK	A	0.22%	0.26%	0.22%
DHI	D	0.36%	0.19%	0.19%
DKS	C	0.1%	0.21%	0.1%
DVA	B	0.1%	0.21%	0.1%
DVN	F	0.08%	0.23%	0.08%
EBAY	D	0.17%	0.22%	0.17%
EME	C	0.12%	0.28%	0.12%
FANG	D	0.2%	0.24%	0.2%
FAST	B	0.33%	0.27%	0.27%
FIX	A	0.12%	0.29%	0.12%
FOX	A	0.11%	0.27%	0.11%
G	B	0.11%	0.26%	0.11%
GOOGL	C	2.04%	0.26%	0.26%
HIG	B	0.19%	0.23%	0.19%
HRB	D	0.09%	0.21%	0.09%
HWM	A	0.25%	0.27%	0.25%
IBM	C	1.31%	0.22%	0.22%
INGR	B	0.1%	0.25%	0.1%
ISRG	A	1.3%	0.25%	0.25%
JNJ	D	1.55%	0.21%	0.21%
JPM	A	1.23%	0.26%	0.26%
KLAC	D	0.67%	0.2%	0.2%
KMB	D	0.14%	0.21%	0.14%
LEN	D	0.09%	0.21%	0.09%
LEN	D	0.3%	0.21%	0.21%
LII	A	0.15%	0.23%	0.15%
LLY	F	1.31%	0.19%	0.19%
LOPE	B	0.11%	0.26%	0.11%
MA	C	1.79%	0.24%	0.24%
MCO	B	0.56%	0.23%	0.23%
MEDP	D	0.08%	0.21%	0.08%
META	D	2.48%	0.24%	0.24%
MPWR	F	0.09%	0.15%	0.09%
MSFT	F	5.96%	0.23%	0.23%
MSI	B	0.58%	0.26%	0.26%
NEU	C	0.09%	0.22%	0.09%
NRG	B	0.12%	0.26%	0.12%
NTAP	C	0.21%	0.23%	0.21%
NVDA	C	6.71%	0.29%	0.29%
NVR	D	0.19%	0.22%	0.19%
ORCL	B	0.88%	0.25%	0.25%
PH	A	0.52%	0.26%	0.26%
PHM	D	0.22%	0.21%	0.21%
PPC	C	0.11%	0.28%	0.11%
QCOM	F	1.22%	0.22%	0.22%
RCL	A	0.17%	0.32%	0.17%
REGN	F	0.59%	0.15%	0.15%
RGA	A	0.11%	0.24%	0.11%
RL	B	0.12%	0.26%	0.12%
RMD	C	0.13%	0.21%	0.13%
ROL	B	0.1%	0.22%	0.1%
SCCO	F	0.1%	0.23%	0.1%
SO	D	0.29%	0.22%	0.22%
SSNC	B	0.09%	0.23%	0.09%
SYF	B	0.21%	0.31%	0.21%
SYK	C	0.94%	0.23%	0.23%
THC	D	0.11%	0.23%	0.11%
TJX	A	0.95%	0.23%	0.23%
TMUS	B	0.59%	0.27%	0.27%
TOL	B	0.13%	0.23%	0.13%
TPL	A	0.16%	0.37%	0.16%
TSCO	D	0.15%	0.23%	0.15%
TXRH	C	0.11%	0.28%	0.11%
UHS	D	0.1%	0.19%	0.1%
URI	B	0.38%	0.26%	0.26%
UTHR	C	0.12%	0.25%	0.12%
WING	D	0.08%	0.19%	0.08%
WSM	B	0.15%	0.21%	0.15%
XOM	B	0.63%	0.25%	0.25%

FLQL Overweight 115 Positions Relative to BFOR

Symbol	Grade	Weight
AVGO	D	1.77%
GOOG	C	1.73%
WMT	A	1.68%
ABBV	D	1.33%
VZ	C	1.24%
TXN	C	1.24%
MRK	F	1.21%
TSLA	B	1.13%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
VRTX	F	0.92%
MO	A	0.85%
BSX	B	0.84%
PM	B	0.71%
WM	A	0.67%
LRCX	F	0.66%
TT	A	0.65%
GS	A	0.6%
CI	F	0.56%
CB	C	0.56%
UNH	C	0.52%
RTX	C	0.5%
HCA	F	0.49%
SPG	B	0.46%
PCAR	B	0.44%
LMT	D	0.4%
GD	F	0.39%
GWW	B	0.38%
PSA	D	0.38%
GM	B	0.35%
HLT	A	0.33%
ADI	D	0.32%
RSG	A	0.31%
HPQ	B	0.29%
ELV	F	0.28%
CMI	A	0.26%
GRMN	B	0.25%
MCHP	D	0.23%
SPOT	B	0.22%
PEG	A	0.22%
HPE	B	0.21%
DAL	C	0.2%
DELL	C	0.19%
GLW	B	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
WAB	B	0.17%
LYB	F	0.16%
ETR	B	0.16%
STLD	B	0.16%
PKG	A	0.15%
O	D	0.15%
WSO	A	0.13%
OC	A	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
JEF	A	0.12%
MAS	D	0.12%
AYI	B	0.12%
EVR	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
FOXA	B	0.11%
EXR	D	0.11%
DPZ	C	0.11%
R	B	0.11%
ESS	B	0.11%
JHG	A	0.11%
BBY	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
LAMR	D	0.1%
AVB	B	0.1%
NFG	A	0.1%
ADC	B	0.1%
VICI	C	0.1%
KRC	C	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CHRW	C	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
GLPI	C	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
M	D	0.09%
HIW	D	0.09%
CRI	D	0.08%
CIVI	D	0.08%
TER	D	0.08%
OGN	D	0.07%
MDU	D	0.07%

FLQL Underweight 294 Positions Relative to BFOR

Symbol	Grade	Weight
LEU	C	-0.45%
UAL	A	-0.41%
POWL	C	-0.4%
IESC	B	-0.38%
AGX	B	-0.38%
USLM	A	-0.38%
PLTR	B	-0.37%
AXON	A	-0.36%
UPWK	B	-0.34%
PAY	B	-0.34%
STRL	B	-0.33%
VRT	B	-0.32%
AAON	B	-0.32%
APO	B	-0.32%
PAYO	A	-0.32%
CORT	B	-0.32%
RMBS	C	-0.31%
RJF	A	-0.31%
IDCC	A	-0.31%
WFC	A	-0.31%
EXPE	B	-0.31%
CCL	B	-0.31%
IBKR	A	-0.31%
AIT	A	-0.3%
PCTY	B	-0.3%
PAYC	B	-0.3%
PEGA	A	-0.3%
DOCS	C	-0.3%
SFM	A	-0.3%
TILE	B	-0.3%
AMP	A	-0.29%
FLEX	A	-0.29%
NEWT	B	-0.29%
SUM	B	-0.29%
TRGP	B	-0.29%
SNA	A	-0.29%
BKR	B	-0.29%
HLNE	B	-0.29%
MCB	B	-0.29%
SKWD	A	-0.29%
EXEL	B	-0.29%
MLI	C	-0.29%
CEIX	A	-0.29%
UNM	A	-0.29%
EWBC	A	-0.29%
LRN	A	-0.28%
PYPL	B	-0.28%
BBW	B	-0.28%
BL	B	-0.28%
NFLX	A	-0.28%
QCRH	A	-0.28%
WMB	A	-0.28%
ZM	B	-0.28%
CRS	A	-0.28%
GDDY	A	-0.28%
FTNT	C	-0.28%
TGTX	B	-0.28%
APOG	B	-0.28%
AX	A	-0.28%
MTB	A	-0.28%
PANW	C	-0.27%
DAKT	B	-0.27%
IBOC	A	-0.27%
UTI	A	-0.27%
ODFL	B	-0.27%
MTDR	B	-0.27%
PFBC	B	-0.27%
NOG	A	-0.27%
QLYS	C	-0.27%
BY	B	-0.27%
CASH	A	-0.27%
NTRS	A	-0.27%
WT	B	-0.27%
FOUR	B	-0.27%
NRP	B	-0.27%
ERII	D	-0.27%
HCKT	B	-0.27%
USAP	B	-0.27%
CSWI	A	-0.27%
MWA	B	-0.27%
CPAY	A	-0.27%
FITB	A	-0.26%
IBCP	B	-0.26%
WHD	B	-0.26%
BFC	B	-0.26%
WABC	B	-0.26%
FFIV	B	-0.26%
PODD	C	-0.26%
EA	A	-0.26%
ACIW	B	-0.26%
ITT	A	-0.26%
HCI	C	-0.26%
MGY	A	-0.26%
FN	D	-0.26%
CMPO	A	-0.26%
LPX	B	-0.26%
TDY	B	-0.26%
CEG	D	-0.26%
ADSK	A	-0.26%
OZK	B	-0.26%
CUBI	C	-0.26%
PEBO	A	-0.26%
NIC	B	-0.26%
FTI	A	-0.26%
ATR	B	-0.26%
ACMR	F	-0.26%
OKE	A	-0.26%
ARLP	A	-0.26%
AMAL	B	-0.26%
CVLT	B	-0.26%
FTDR	A	-0.26%
TRN	C	-0.26%
FULT	A	-0.26%
OII	B	-0.26%
CNO	A	-0.26%
FCNCA	A	-0.26%
CPRT	A	-0.26%
CHTR	C	-0.26%
MLR	B	-0.26%
ORRF	B	-0.26%
BR	A	-0.25%
DCI	B	-0.25%
SLVM	B	-0.25%
MRO	B	-0.25%
ANF	C	-0.25%
TW	A	-0.25%
PAYX	C	-0.25%
RBA	A	-0.25%
AXP	A	-0.25%
HUBB	B	-0.25%
VIRT	B	-0.25%
REVG	B	-0.25%
CINF	A	-0.25%
WLDN	D	-0.25%
YELP	C	-0.25%
FIZZ	C	-0.25%
PLMR	B	-0.25%
ADP	B	-0.25%
WTS	B	-0.25%
IPAR	B	-0.25%
BELFB	C	-0.25%
SRCE	B	-0.25%
LAUR	A	-0.25%
WDAY	B	-0.25%
MLM	B	-0.25%
IRMD	C	-0.25%
APD	A	-0.25%
FDS	B	-0.25%
FCF	A	-0.25%
MCRI	A	-0.25%
ADMA	B	-0.25%
MBWM	B	-0.25%
DBX	B	-0.25%
SM	B	-0.25%
OSBC	A	-0.25%
EXP	A	-0.25%
AIZ	A	-0.25%
LKFN	B	-0.25%
EOG	A	-0.25%
HES	B	-0.25%
TCMD	A	-0.25%
CBT	C	-0.24%
XPEL	C	-0.24%
CME	A	-0.24%
FBP	B	-0.24%
EPD	A	-0.24%
ALL	A	-0.24%
FMBH	B	-0.24%
MANH	D	-0.24%
DT	C	-0.24%
HEI	B	-0.24%
TBBK	B	-0.24%
V	A	-0.24%
BRO	B	-0.24%
AMPY	C	-0.24%
FSS	B	-0.24%
IT	C	-0.24%
DRI	B	-0.24%
VEEV	C	-0.24%
PLAB	C	-0.24%
OSIS	B	-0.24%
HNI	B	-0.24%
MOD	A	-0.24%
MPLX	A	-0.24%
ET	A	-0.24%
HWKN	B	-0.24%
CPRX	C	-0.24%
GGG	B	-0.24%
WWD	B	-0.24%
SIG	B	-0.24%
CQP	B	-0.24%
DOV	A	-0.24%
MPC	D	-0.23%
STBA	B	-0.23%
TEX	D	-0.23%
DY	D	-0.23%
CHWY	B	-0.23%
NYT	C	-0.23%
WEC	A	-0.23%
NBIX	C	-0.23%
OFG	B	-0.23%
BRC	D	-0.23%
OTTR	C	-0.23%
CHDN	B	-0.23%
VRSN	F	-0.23%
PGR	A	-0.23%
TGT	F	-0.23%
NOV	C	-0.23%
LNN	B	-0.23%
COR	B	-0.23%
TRIN	A	-0.23%
WRB	A	-0.23%
COOP	B	-0.23%
GL	B	-0.23%
ZBH	C	-0.23%
JWN	C	-0.23%
ADBE	C	-0.23%
THR	B	-0.23%
CHD	B	-0.23%
BMI	B	-0.23%
KNSL	B	-0.23%
SBR	B	-0.23%
CWCO	C	-0.22%
CBOE	B	-0.22%
HESM	B	-0.22%
TPH	D	-0.22%
ON	D	-0.22%
WES	C	-0.22%
SHOO	D	-0.22%
CNA	B	-0.22%
IMMR	C	-0.22%
UFPT	B	-0.22%
MSA	D	-0.22%
JKHY	D	-0.22%
BLDR	D	-0.22%
RNR	C	-0.22%
SPGI	C	-0.22%
SYY	B	-0.22%
BURL	A	-0.22%
KOS	F	-0.22%
MMM	D	-0.22%
FDX	B	-0.22%
ECL	D	-0.22%
YETI	C	-0.22%
WFRD	D	-0.21%
MBIN	D	-0.21%
SKX	D	-0.21%
ZTS	D	-0.21%
VITL	D	-0.21%
VAL	D	-0.21%
XYL	D	-0.21%
IBP	D	-0.21%
TH	C	-0.21%
EGY	D	-0.21%
FC	F	-0.21%
ROST	C	-0.21%
MHO	D	-0.21%
AMPH	D	-0.21%
HOLX	D	-0.21%
PEP	F	-0.21%
NSSC	D	-0.21%
BMRN	D	-0.21%
VLTO	D	-0.21%
IPG	D	-0.21%
EG	C	-0.21%
MOH	F	-0.2%
HALO	F	-0.2%
HOG	D	-0.2%
IQV	D	-0.2%
FCN	D	-0.2%
YOU	D	-0.2%
BOOT	D	-0.2%
GRBK	D	-0.2%
ONTO	D	-0.2%
FMC	D	-0.2%
DFIN	D	-0.2%
WMS	D	-0.2%
HSY	F	-0.2%
HY	D	-0.2%
PTGX	C	-0.2%
AKAM	D	-0.2%
AOS	F	-0.2%
COLL	F	-0.19%
DFH	D	-0.19%
FSLR	F	-0.19%
INSW	F	-0.19%
LNW	D	-0.19%
HRMY	D	-0.19%
HRTG	C	-0.18%
SIGA	F	-0.18%
LNTH	D	-0.17%
BLBD	D	-0.17%
TDW	F	-0.16%
ASC	F	-0.15%