FLQL vs. LKOR ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

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

$57.94

Average Daily Volume

47,429

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.59

Average Daily Volume

9,293

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	LKOR
30 Days	2.05%	1.94%
60 Days	4.76%	6.25%
90 Days	4.25%	8.44%
12 Months	34.98%	19.58%

47 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in LKOR	Overlap
AAPL	C	7.04%	0.17%	0.17%
ABBV	B	1.56%	0.33%	0.33%
ACGL	B	0.3%	0.55%	0.3%
AFL	A	0.23%	0.12%	0.12%
AMGN	D	1.26%	0.23%	0.23%
AMZN	C	2.84%	0.18%	0.18%
AVGO	C	1.89%	0.2%	0.2%
C	C	0.87%	0.21%	0.21%
EBAY	B	0.18%	0.18%	0.18%
ELV	D	0.38%	0.1%	0.1%
FOXA	B	0.1%	0.24%	0.1%
GLW	B	0.19%	0.1%	0.1%
GM	C	0.31%	0.13%	0.13%
GOOGL	D	1.9%	0.12%	0.12%
GS	B	0.51%	0.21%	0.21%
GWW	B	0.33%	0.24%	0.24%
HCA	B	0.59%	0.24%	0.24%
HIG	B	0.19%	0.2%	0.19%
HPE	C	0.19%	0.37%	0.19%
HPQ	C	0.28%	0.24%	0.24%
IBM	B	1.41%	0.23%	0.23%
JEF	C	0.1%	0.26%	0.1%
JNJ	C	1.65%	0.12%	0.12%
JPM	D	1.07%	0.09%	0.09%
KLAC	D	0.85%	0.2%	0.2%
KMB	C	0.15%	0.26%	0.15%
LMT	A	0.44%	0.24%	0.24%
LYB	D	0.18%	0.23%	0.18%
MA	B	1.69%	0.22%	0.22%
MAS	B	0.13%	0.11%	0.11%
MCO	C	0.58%	0.12%	0.12%
MO	C	0.77%	0.2%	0.2%
MSFT	C	6.21%	0.1%	0.1%
NNN	B	0.1%	0.29%	0.1%
NVDA	C	5.84%	0.21%	0.21%
OC	C	0.11%	0.11%	0.11%
ORCL	B	0.8%	0.25%	0.25%
PM	C	0.66%	0.7%	0.66%
REGN	D	0.82%	0.17%	0.17%
SCCO	C	0.11%	0.64%	0.11%
SO	B	0.3%	0.11%	0.11%
T	B	1.01%	0.09%	0.09%
TT	B	0.62%	0.12%	0.12%
TXN	B	1.24%	0.23%	0.23%
UNH	C	0.51%	0.16%	0.16%
VZ	A	1.32%	0.18%	0.18%
XOM	D	0.62%	0.12%	0.12%

FLQL Overweight 163 Positions Relative to LKOR

Symbol	Grade	Weight
META	B	2.56%
COST	C	1.68%
LLY	D	1.68%
WMT	B	1.63%
GOOG	D	1.62%
MRK	F	1.45%
CAT	B	1.29%
QCOM	D	1.25%
ISRG	C	1.2%
AMAT	D	1.11%
BRK.A	C	1.06%
BKNG	B	1.0%
TJX	C	0.94%
VRTX	D	0.92%
SYK	C	0.88%
TSLA	C	0.86%
ANET	C	0.81%
BSX	B	0.78%
LRCX	D	0.75%
WM	D	0.64%
CI	C	0.62%
APH	C	0.58%
CL	C	0.58%
CMG	D	0.57%
CB	B	0.57%
MSI	B	0.53%
RTX	B	0.51%
TMUS	B	0.5%
PH	B	0.47%
DHI	C	0.44%
SPG	B	0.44%
CTAS	C	0.44%
GD	C	0.42%
PCAR	D	0.4%
PSA	C	0.4%
URI	B	0.37%
ADI	C	0.35%
LEN	B	0.33%
HLT	B	0.31%
FAST	C	0.3%
RSG	D	0.3%
MCHP	D	0.27%
PHM	B	0.25%
CTSH	B	0.24%
NVR	B	0.23%
CMI	B	0.23%
HWM	B	0.22%
PEG	B	0.22%
NTAP	D	0.22%
GRMN	D	0.21%
DECK	C	0.2%
FANG	F	0.2%
APP	C	0.19%
IRM	C	0.19%
WSM	C	0.18%
DELL	C	0.17%
O	B	0.17%
SPOT	C	0.17%
SYF	C	0.16%
WAB	B	0.16%
LDOS	A	0.16%
FICO	B	0.15%
STLD	C	0.15%
LII	C	0.15%
CSL	B	0.15%
DAL	C	0.15%
TSCO	B	0.15%
RMD	C	0.14%
ETR	A	0.14%
MPWR	B	0.14%
THC	C	0.13%
BBY	A	0.13%
RCL	B	0.13%
TOL	A	0.13%
PKG	B	0.13%
CFG	D	0.12%
EXR	C	0.12%
WSO	C	0.12%
UHS	C	0.12%
DPZ	D	0.11%
DVA	B	0.11%
RGA	C	0.11%
TPL	C	0.11%
EVR	B	0.11%
FIX	B	0.11%
LAMR	B	0.11%
KRC	C	0.11%
TER	C	0.11%
VICI	C	0.11%
UTHR	B	0.11%
CF	B	0.11%
RL	B	0.11%
NRG	B	0.11%
DKS	D	0.11%
SWKS	F	0.11%
IP	C	0.11%
ESS	C	0.11%
GPK	C	0.1%
AMCR	B	0.1%
NEU	D	0.1%
LNC	C	0.1%
GLPI	C	0.1%
WU	C	0.1%
K	A	0.1%
MTG	B	0.1%
JNPR	A	0.1%
PK	D	0.1%
UGI	B	0.1%
SSNC	C	0.1%
DTM	C	0.1%
MEDP	F	0.1%
G	C	0.1%
OMC	B	0.1%
AXS	B	0.1%
INGR	B	0.1%
HRB	C	0.1%
CHE	C	0.1%
FOX	B	0.1%
ALSN	B	0.1%
LEN	B	0.1%
LOPE	D	0.1%
ROL	C	0.1%
CROX	C	0.1%
CRI	D	0.1%
ADC	C	0.1%
NFG	B	0.1%
RGLD	C	0.1%
TNL	C	0.1%
JHG	B	0.1%
CW	B	0.1%
EHC	B	0.1%
BJ	D	0.1%
OHI	C	0.1%
CACI	B	0.1%
R	C	0.1%
EPR	C	0.1%
CASY	D	0.1%
CLH	C	0.1%
TXRH	B	0.1%
EMN	B	0.1%
WING	C	0.1%
HIW	C	0.1%
AVB	C	0.1%
KEX	C	0.1%
AYI	B	0.1%
CUZ	C	0.1%
EME	B	0.1%
MDU	B	0.1%
CHRW	B	0.1%
AWI	B	0.1%
CIVI	F	0.09%
OGN	D	0.09%
APA	F	0.09%
COKE	C	0.09%
GAP	F	0.09%
DVN	F	0.09%
PPC	D	0.09%
SNX	C	0.09%
M	F	0.09%
DGX	B	0.09%
AVT	B	0.09%
MUSA	D	0.08%
CRUS	D	0.08%

FLQL Underweight 116 Positions Relative to LKOR

Symbol	Grade	Weight
DUK	B	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
V	C	-0.4%
FITB	B	-0.39%
KOF	D	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
NI	B	-0.37%
CVS	D	-0.36%
GILD	B	-0.35%
DOW	C	-0.32%
CAH	C	-0.31%
CP	C	-0.29%
ED	B	-0.29%
AEP	C	-0.28%
RF	B	-0.28%
TEL	D	-0.28%
AMT	C	-0.27%
MMM	B	-0.26%
NOC	B	-0.26%
CHTR	D	-0.26%
HON	C	-0.25%
LOW	B	-0.25%
WFC	D	-0.25%
CAG	B	-0.24%
AEE	B	-0.24%
NEM	C	-0.24%
WEC	B	-0.24%
CMS	B	-0.24%
MMC	C	-0.24%
BHP	C	-0.24%
CMCSA	C	-0.24%
DOV	B	-0.24%
KDP	B	-0.24%
MKL	C	-0.24%
OKE	C	-0.24%
LH	D	-0.23%
PGR	C	-0.23%
MCK	F	-0.23%
AIG	D	-0.23%
WRB	D	-0.23%
ATO	B	-0.23%
BDX	D	-0.23%
SBUX	C	-0.23%
CSCO	B	-0.23%
BAC	D	-0.23%
D	C	-0.23%
EXC	B	-0.22%
MRO	D	-0.22%
VMI	C	-0.22%
EL	D	-0.21%
SRE	B	-0.21%
SHW	B	-0.21%
EIX	B	-0.21%
EG	B	-0.2%
PAA	D	-0.2%
STZ	C	-0.19%
NDAQ	C	-0.19%
ZTS	B	-0.19%
KO	B	-0.19%
CCI	C	-0.19%
KMI	C	-0.19%
HD	B	-0.19%
LEA	D	-0.18%
CPB	C	-0.18%
AIZ	B	-0.18%
ARE	C	-0.18%
EPD	C	-0.18%
SPGI	C	-0.16%
UNP	D	-0.16%
HAL	F	-0.14%
MS	B	-0.14%
MET	B	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
EFX	C	-0.13%
HAS	B	-0.13%
AON	B	-0.13%
WELL	C	-0.12%
IFF	A	-0.12%
VTR	C	-0.12%
EMR	D	-0.12%
IPG	C	-0.12%
NSC	C	-0.12%
CSX	C	-0.12%
MCD	B	-0.12%
PRU	C	-0.11%
BWA	C	-0.11%
MLM	D	-0.11%
CHD	C	-0.11%
DG	F	-0.11%
REG	C	-0.11%
RJF	C	-0.11%
FMC	B	-0.11%
BABA	B	-0.11%
OTIS	B	-0.1%
VRSK	D	-0.1%
KIM	C	-0.1%
SJM	C	-0.1%
DHR	B	-0.1%
WBA	F	-0.1%
RPM	B	-0.1%
BHF	F	-0.1%
WTW	B	-0.1%
MDLZ	C	-0.09%
EA	D	-0.09%
BIIB	F	-0.09%
RPRX	C	-0.09%
PCG	C	-0.09%
HUM	F	-0.07%
ITW	B	-0.06%
SIGI	D	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%
ALL	C	-0.04%