FLQL vs. SIXH ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH)

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

$60.07

Average Daily Volume

76,498

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

SIXH

6 Meridian Hedged Equity-Index Option Strategy ETF

SIXH Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which it invests are mainly common stocks. The fund may invest in equity securities of companies of any capitalization. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.98

Average Daily Volume

11,207

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	SIXH
30 Days	2.86%	1.69%
60 Days	3.34%	2.71%
90 Days	5.27%	3.68%
12 Months	31.74%	16.20%

28 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in SIXH	Overlap
AAPL	B	7.0%	1.32%	1.32%
AMZN	C	2.92%	1.32%	1.32%
BRK.A	B	1.11%	1.35%	1.11%
CAT	B	1.27%	2.62%	1.27%
CL	D	0.52%	2.63%	0.52%
COST	B	1.7%	2.71%	1.7%
GM	B	0.35%	2.86%	0.35%
GOOGL	C	2.04%	1.33%	1.33%
IBM	C	1.31%	1.29%	1.29%
JNJ	D	1.55%	1.25%	1.25%
JPM	B	1.23%	1.42%	1.23%
LLY	F	1.31%	2.3%	1.31%
LMT	D	0.4%	1.26%	0.4%
META	D	2.48%	2.53%	2.48%
MO	A	0.85%	5.42%	0.85%
MRK	F	1.21%	1.23%	1.21%
NVDA	C	6.71%	2.68%	2.68%
ORCL	C	0.88%	1.41%	0.88%
PM	B	0.71%	1.31%	0.71%
QCOM	F	1.22%	2.58%	1.22%
RTX	D	0.5%	1.3%	0.5%
SO	D	0.29%	2.58%	0.29%
SPG	C	0.46%	2.79%	0.46%
T	A	1.07%	4.04%	1.07%
UNH	B	0.52%	1.35%	0.52%
VZ	B	1.24%	3.97%	1.24%
WMT	B	1.68%	1.33%	1.33%
XOM	C	0.63%	2.71%	0.63%

FLQL Overweight 182 Positions Relative to SIXH

Symbol	Grade	Weight
MSFT	D	5.96%
MA	B	1.79%
AVGO	D	1.77%
GOOG	C	1.73%
ABBV	D	1.33%
ISRG	C	1.3%
TXN	D	1.24%
BKNG	B	1.19%
TSLA	B	1.13%
AMGN	D	1.05%
C	A	0.97%
AMAT	F	0.96%
TJX	A	0.95%
SYK	C	0.94%
VRTX	D	0.92%
BSX	C	0.84%
ANET	C	0.77%
WM	A	0.67%
KLAC	F	0.67%
LRCX	F	0.66%
TT	B	0.65%
GS	B	0.6%
APH	B	0.6%
TMUS	A	0.59%
REGN	F	0.59%
MSI	C	0.58%
CMG	B	0.57%
CI	D	0.56%
CB	D	0.56%
MCO	A	0.56%
PH	A	0.52%
HCA	F	0.49%
CTAS	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
GD	F	0.39%
GWW	A	0.38%
PSA	C	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	C	0.3%
HPQ	B	0.29%
ELV	F	0.28%
ACGL	D	0.26%
CMI	A	0.26%
HWM	B	0.25%
GRMN	A	0.25%
CTSH	B	0.24%
MCHP	F	0.23%
AFL	B	0.23%
SPOT	B	0.22%
PHM	C	0.22%
PEG	A	0.22%
DECK	A	0.22%
SYF	A	0.21%
HPE	B	0.21%
NTAP	C	0.21%
DAL	B	0.2%
FANG	F	0.2%
DELL	C	0.19%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	C	0.18%
LDOS	D	0.17%
FICO	B	0.17%
EBAY	C	0.17%
WAB	B	0.17%
RCL	B	0.17%
LYB	F	0.16%
TPL	B	0.16%
ETR	B	0.16%
STLD	B	0.16%
PKG	B	0.15%
LII	A	0.15%
CSL	B	0.15%
TSCO	C	0.15%
O	D	0.15%
WSM	B	0.15%
KMB	C	0.14%
WSO	A	0.13%
OC	B	0.13%
TOL	A	0.13%
RMD	C	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
NRG	C	0.12%
EME	B	0.12%
AWI	B	0.12%
RL	B	0.12%
JEF	A	0.12%
MAS	C	0.12%
AYI	B	0.12%
EVR	B	0.12%
UTHR	C	0.12%
FIX	A	0.12%
ALSN	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	B	0.11%
MUSA	B	0.11%
FOXA	C	0.11%
EXR	C	0.11%
PPC	C	0.11%
FOX	B	0.11%
CW	B	0.11%
DPZ	C	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	B	0.11%
RGA	A	0.11%
G	B	0.11%
CF	B	0.11%
ESS	B	0.11%
TXRH	A	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
UGI	A	0.1%
OHI	D	0.1%
ROL	B	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	B	0.1%
CLH	B	0.1%
LAMR	C	0.1%
UHS	D	0.1%
AVB	B	0.1%
NFG	B	0.1%
DVA	B	0.1%
ADC	B	0.1%
DKS	C	0.1%
VICI	C	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	B	0.1%
RGLD	D	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%
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	C	0.09%
HRB	D	0.09%
GLPI	B	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	B	0.09%
M	D	0.09%
SSNC	A	0.09%
HIW	D	0.09%
APA	F	0.08%
CRI	F	0.08%
WING	F	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	F	0.08%
DVN	F	0.08%
TER	F	0.08%
CROX	F	0.07%
OGN	F	0.07%
CRUS	F	0.07%
MDU	F	0.07%

FLQL Underweight 22 Positions Relative to SIXH

Symbol	Grade	Weight
PEP	F	-3.72%
CVX	B	-2.72%
AXP	A	-2.71%
TGT	F	-2.69%
DUK	C	-2.61%
GILD	B	-2.56%
KHC	D	-2.4%
BIL	A	-2.24%
COF	B	-1.45%
NFLX	B	-1.45%
PYPL	A	-1.42%
INTU	C	-1.41%
BLK	C	-1.38%
USB	A	-1.37%
BK	A	-1.35%
GE	D	-1.34%
PG	A	-1.34%
AIG	B	-1.31%
DE	B	-1.31%
AMD	F	-1.27%
KO	D	-1.23%
DOW	F	-1.17%