FLQL vs. FLSP ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FLSP
30 Days	2.44%	0.69%
60 Days	3.55%	0.06%
90 Days	4.50%	0.73%
12 Months	31.26%	6.54%

65 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FLSP	Overlap
ABBV	D	1.33%	0.59%	0.59%
AFL	B	0.23%	0.33%	0.23%
AMAT	F	0.96%	0.66%	0.66%
APH	A	0.6%	0.18%	0.18%
APP	B	0.42%	0.31%	0.31%
AVB	B	0.1%	0.13%	0.1%
BBY	D	0.11%	0.11%	0.11%
BKNG	A	1.19%	0.87%	0.87%
CF	B	0.11%	0.1%	0.1%
CHRW	C	0.1%	0.08%	0.08%
CI	F	0.56%	0.22%	0.22%
CL	D	0.52%	0.36%	0.36%
CMI	A	0.26%	0.25%	0.25%
CSL	C	0.15%	0.11%	0.11%
CTAS	B	0.46%	0.35%	0.35%
CTSH	B	0.24%	0.21%	0.21%
DECK	A	0.22%	0.16%	0.16%
DKS	C	0.1%	0.07%	0.07%
DPZ	C	0.11%	0.08%	0.08%
DVN	F	0.08%	0.13%	0.08%
EBAY	D	0.17%	0.18%	0.17%
FICO	B	0.17%	0.34%	0.17%
FOXA	B	0.11%	0.07%	0.07%
GLPI	C	0.09%	0.07%	0.07%
GM	B	0.35%	0.36%	0.35%
GOOG	C	1.73%	0.11%	0.11%
HCA	F	0.49%	0.36%	0.36%
HIG	B	0.19%	0.19%	0.19%
HPQ	B	0.29%	0.2%	0.2%
K	A	0.1%	0.12%	0.1%
KMB	D	0.14%	0.23%	0.14%
LDOS	C	0.17%	0.13%	0.13%
LII	A	0.15%	0.11%	0.11%
LYB	F	0.16%	0.11%	0.11%
MA	C	1.79%	0.77%	0.77%
MAS	D	0.12%	0.1%	0.1%
META	D	2.48%	0.45%	0.45%
MSFT	F	5.96%	0.57%	0.57%
MSI	B	0.58%	0.48%	0.48%
NRG	B	0.12%	0.12%	0.12%
NTAP	C	0.21%	0.16%	0.16%
NVDA	C	6.71%	0.62%	0.62%
OC	A	0.13%	0.09%	0.09%
PCAR	B	0.44%	0.14%	0.14%
PH	A	0.52%	0.23%	0.23%
PHM	D	0.22%	0.11%	0.11%
PKG	A	0.15%	0.11%	0.11%
QCOM	F	1.22%	0.83%	0.83%
RCL	A	0.17%	0.21%	0.17%
REGN	F	0.59%	0.33%	0.33%
ROL	B	0.1%	0.09%	0.09%
RTX	C	0.5%	0.34%	0.34%
SPG	B	0.46%	0.35%	0.35%
SSNC	B	0.09%	0.09%	0.09%
STLD	B	0.16%	0.11%	0.11%
SWKS	F	0.09%	0.08%	0.08%
T	A	1.07%	0.63%	0.63%
TER	D	0.08%	0.06%	0.06%
TJX	A	0.95%	0.75%	0.75%
UHS	D	0.1%	0.07%	0.07%
UTHR	C	0.12%	0.1%	0.1%
VICI	C	0.1%	0.19%	0.1%
VRTX	F	0.92%	0.49%	0.49%
WMT	A	1.68%	0.75%	0.75%
WSM	B	0.15%	0.11%	0.11%

FLQL Overweight 145 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	C	7.0%
AMZN	C	2.92%
GOOGL	C	2.04%
AVGO	D	1.77%
COST	B	1.7%
JNJ	D	1.55%
IBM	C	1.31%
LLY	F	1.31%
ISRG	A	1.3%
CAT	B	1.27%
VZ	C	1.24%
TXN	C	1.24%
JPM	A	1.23%
MRK	F	1.21%
TSLA	B	1.13%
BRK.A	B	1.11%
AMGN	D	1.05%
C	A	0.97%
SYK	C	0.94%
ORCL	B	0.88%
MO	A	0.85%
BSX	B	0.84%
ANET	C	0.77%
PM	B	0.71%
WM	A	0.67%
KLAC	D	0.67%
LRCX	F	0.66%
TT	A	0.65%
XOM	B	0.63%
GS	A	0.6%
TMUS	B	0.59%
CMG	B	0.57%
CB	C	0.56%
MCO	B	0.56%
UNH	C	0.52%
LMT	D	0.4%
GD	F	0.39%
GWW	B	0.38%
PSA	D	0.38%
URI	B	0.38%
DHI	D	0.36%
HLT	A	0.33%
FAST	B	0.33%
ADI	D	0.32%
RSG	A	0.31%
LEN	D	0.3%
SO	D	0.29%
ELV	F	0.28%
ACGL	D	0.26%
HWM	A	0.25%
GRMN	B	0.25%
MCHP	D	0.23%
SPOT	B	0.22%
PEG	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
DAL	C	0.2%
FANG	D	0.2%
DELL	C	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
WAB	B	0.17%
TPL	A	0.16%
ETR	B	0.16%
TSCO	D	0.15%
O	D	0.15%
WSO	A	0.13%
TOL	B	0.13%
RMD	C	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
EME	C	0.12%
AWI	A	0.12%
RL	B	0.12%
JEF	A	0.12%
AYI	B	0.12%
EVR	B	0.12%
FIX	A	0.12%
ALSN	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	A	0.11%
RGA	A	0.11%
G	B	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
SCCO	F	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
LAMR	D	0.1%
NFG	A	0.1%
DVA	B	0.1%
ADC	B	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
MPWR	F	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
LEN	D	0.09%
HRB	D	0.09%
AVT	C	0.09%
OMC	C	0.09%
MTG	C	0.09%
M	D	0.09%
HIW	D	0.09%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 118 Positions Relative to FLSP

Symbol	Grade	Weight
ADBE	C	-0.91%
NOW	A	-0.75%
CRM	B	-0.7%
INTU	C	-0.68%
GILD	C	-0.61%
MDT	D	-0.6%
BMY	B	-0.59%
UBER	D	-0.49%
NVS	D	-0.48%
PYPL	B	-0.45%
NFLX	A	-0.45%
EOG	A	-0.44%
CMCSA	B	-0.42%
MMM	D	-0.41%
ADSK	A	-0.36%
TMO	F	-0.34%
FTNT	C	-0.32%
CDNS	B	-0.32%
CSX	B	-0.31%
BK	A	-0.31%
VST	B	-0.29%
LNG	B	-0.29%
HD	A	-0.28%
MPC	D	-0.27%
FDX	B	-0.27%
FIS	C	-0.26%
VLO	C	-0.25%
KR	B	-0.24%
A	D	-0.23%
PSX	C	-0.23%
EA	A	-0.23%
BCS	C	-0.23%
CPRT	A	-0.22%
AMP	A	-0.22%
MET	A	-0.21%
AIG	B	-0.21%
SNPS	B	-0.2%
TGT	F	-0.19%
SE	B	-0.18%
IQV	D	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	D	-0.16%
TROW	B	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
GDDY	A	-0.15%
MS	A	-0.15%
SYY	B	-0.15%
MTD	D	-0.15%
ANSS	B	-0.14%
WAT	B	-0.14%
EXPE	B	-0.14%
IDXX	F	-0.14%
NUE	C	-0.14%
AWK	D	-0.13%
CNC	D	-0.13%
PG	A	-0.13%
LIN	D	-0.13%
TYL	B	-0.13%
CBOE	B	-0.12%
VTR	C	-0.12%
CAH	B	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
STX	D	-0.11%
HOLX	D	-0.11%
LVS	C	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
JBL	B	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
VRSN	F	-0.1%
BLDR	D	-0.1%
PTC	A	-0.1%
DOCU	A	-0.1%
SNA	A	-0.1%
FE	C	-0.1%
ZM	B	-0.1%
GEN	B	-0.1%
UDR	B	-0.09%
L	A	-0.09%
TWLO	A	-0.09%
VTRS	A	-0.09%
EQH	B	-0.09%
TXT	D	-0.09%
EXPD	D	-0.09%
MANH	D	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	B	-0.08%
FFIV	B	-0.08%
REG	B	-0.08%
NBIX	C	-0.08%
PAYC	B	-0.07%
TAP	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	D	-0.06%
CHKP	D	-0.06%
SEIC	B	-0.06%
RPRX	D	-0.06%
AIZ	A	-0.06%
RPM	A	-0.05%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
ON	D	-0.04%
COR	B	-0.04%
HII	D	-0.04%